Zinger Key Points
- Nvidia's Jensen Huang discusses Japan's role in powering AI with Prime Minister Ishiba, focusing on energy and infrastructure needs.
- Nvidia faces $5.5B write-down amid U.S. chip embargo, while Japan boosts its semiconductor capabilities to support AI ambitions.
- Feel unsure about the market’s next move? Copy trade alerts from Matt Maley—a Wall Street veteran who consistently finds profits in volatile markets. Claim your 7-day free trial now.
On Monday, Nvidia Corp NVDA chief Jensen Huang met with Japanese Prime Minister Shigeru Ishiba to canvass more electricity to power artificial intelligence’s needs.
Huang and Ishiba discussed how Japan is particularly positioned well to develop AI, given its leadership in robotics and industrial manufacturing. They acknowledged the importance of electric energy generation and new infrastructure to power their AI ambitions, Bloomberg reported, citing Huang.
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However, Huang also said that generating and creating intelligence will need energy.
Huang visited Beijing last week. Meanwhile, U.S. President Donald Trump shared plans to prohibit Nvidia from selling H20 AI chip to China amid intensifying geopolitical tensions spurred by U.S. blacklisting of Chinese companies like Huawei Technologies, semiconductor sanctions restricting China’s access to advanced semiconductor technologies, and a tariff war between the countries.
Last week, Nvidia warned of a $5.5 billion writedown from the newest U.S. chip embargo.
Redburn Atlantic analyst Timm Schulze-Melander named Nvidia a ‘top pick,’ citing investments in leading-edge AI and chipmaking.
Recent reports indicated Dutch advanced chipmaking equipment supplier ASML Holdings ASML plans to quintuple its Japan-based maintenance staff for the machines. Japan continues bolstering its advanced semiconductor technology position, as in the U.S., Europe, and China.
Japanese multinational investment holding company Softbank Group Corp SFTBF SFTBY is also weighing a loan of up to $16.5 billion to finance its U.S. AI ambitions.
Price Action: NVDA stock is down 3.32% at $98.12 at the last check on Monday.
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