What's Going On With Nvidia Stock Thursday?

Nvidia Corp NVDA stock is trading lower on Thursday, and so do its peer Advanced Micro Devices, Inc AMD and critical supplier Taiwan Semiconductor Manufacturing Company Ltd TSM.

Microsoft Corp MSFT President Brad Smith recently dismissed the likelihood of developing super-intelligent artificial intelligence or Artificial General Intelligence (AGI) within the next 12 months. 

Related: Big Tech Prioritize Cost Control and AI, Scaling Back Workforce Despite Business Growth

He prioritized safety measures in AI development now.

Meanwhile, Nvidia CEO Jensen Huang reportedly claimed that it could take the U.S. up to 20 years to become independent from foreign chip manufacturing. 

"We are somewhere between a decade and two decades away from supply chain independence," Huang said.

Despite the U.S. embargo, Huang also reiterated Nvidia's dedication to China, the largest chip market.

The AI kingpin consolidated its chip partnership with Amazon.Com Inc AMZN and contacted Chinese experts to accomplish its autonomous vehicle ambitions. At a recent event, Huang projected that AGI could develop within five years.

Price Action: NVDA shares traded lower by 3.25% at $465.74 on the last check Thursday.