Trump Phones Jensen Huang Live Against AI Slowdown Fears. NVIDIA Stock Reacts

Mitrade Team
coverImg
Source: DepositPhotos

President Donald Trump phoned Nvidia Chief Executive Jensen Huang live on stage Monday. He told a room of investors that fear of artificial intelligence (AI) is a hoax. Nvidia shares fell anyway.

The call came during the All-In Summit, a technology conference run by a group of Silicon Valley investors. It landed hours after chip stocks opened sharply lower.

Nvidia (NVDA) Stock Price Performance. Source: Yahoo FinanceNvidia (NVDA) Stock Price Performance. Source: Yahoo Finance

Trump Turns a Phone Call Into AI Policy

Huang was midway through an on-stage interview when his phone rang. He put the president on speaker, and the audience heard the argument Trump has pushed for weeks.

“I’m telling you it’s all a hoax. The data centers are great. They make people wealthy. They make states wealthy. AI is bigger than the internet. These people are playing right into the hands of China. We’re not going to let that happen,” Donald Trump, President of the United States, speaking at the All-In Summit, via attendees.

Follow us on X to get the latest news as it happens.

“You’re right, we’re not going to let that happen sir,” Huang answered.

That morning, Trump had already dismissed safety warnings on social media. He argued that a capable president is the only guardrail the technology needs. He has separately claimed sweeping power over AI companies.

Why Nvidia Shares Fell Anyway

The selling started long before the call. Nvidia traded near $211.81 on Monday afternoon, roughly 3% below Friday’s close of $218.29.

Intel dropped 7% and Advanced Micro Devices lost 6%. The iShares Semiconductor ETF, an exchange-traded fund tracking the sector, slid 6%.

Investors were pricing a weekend essay from Anthropic Chief Executive Dario Amodei. He urged developers to pace the next leap in model capability. Sam Altman and Elon Musk joined the rivals backing a slowdown.

BeInCrypto flagged on Saturday that Monday’s market open would test that pact. Chip stocks answered within minutes.

Not everyone reads the drop as real weakness. Investor Michael Burry says the slowdown push is hype tied to coming listings. Intel also fell hardest despite holding the least AI exposure. That pattern suggests crowded trades unwinding rather than shrinking demand.

Nvidia’s order book has not changed. What has changed is the distance between what the president says and what the market will pay for.

Disclaimer: The content presented above, whether from a third party or not, is considered as general advice only. CFD trading involves significant risk of loss. Past performance does not guarantee future results. This article serves informational purposes only and does not constitute financial advice. Consider your risk tolerance before trading.

goTop
quote
Related Articles
placeholder
Weekly Market Wrap: Meta’s $145 billion AI bill hit chips — as Brent surged past $116Meta’s US$145 billion AI spending plan puts chip stocks in focus as Brent crude surges past US$116. Explore this week’s key market moves, investor concerns and what Australian traders should watch next.
Author  Mark Garro
16 hours ago
Meta’s US$145 billion AI spending plan puts chip stocks in focus as Brent crude surges past US$116. Explore this week’s key market moves, investor concerns and what Australian traders should watch next.
placeholder
Market News Today Australia: US CPI Surges, Gold Falls, Nasdaq SlidesUS CPI hits 3.7% as gold and Nasdaq fall. Explore today's market outlook for Australia, including AUD/USD, ASX 200 and key trading developments.
Author  Mitrade Team
Oct 15, Thu
US CPI hits 3.7% as gold and Nasdaq fall. Explore today's market outlook for Australia, including AUD/USD, ASX 200 and key trading developments.
placeholder
Market News Today Australia: US Dollar Retreats, Oil Holds Near US$95 as CPI LoomsUS dollar retreats as Fed signals diverge, WTI crude holds near US$95 and gold struggles ahead of US CPI. Read the latest market outlook for Australian traders.
Author  Mitrade Team
Oct 14, Wed
US dollar retreats as Fed signals diverge, WTI crude holds near US$95 and gold struggles ahead of US CPI. Read the latest market outlook for Australian traders.
placeholder
Market News Today Australia: Oil Rallies, Gold Slips as US Dollar Hits 18-Month HighWTI crude rises as Middle East tensions support oil prices, while gold slips and US chip stocks weaken. Explore the latest market outlook for Australian CFD traders.
Author  Mitrade Team
Oct 13, Tue
WTI crude rises as Middle East tensions support oil prices, while gold slips and US chip stocks weaken. Explore the latest market outlook for Australian CFD traders.
placeholder
Weekly Market Wrap: AI spending hit a reality check — and Starlink rewrote the telecom tradeAI spending faces a reality check as investors reassess tech valuations, while Starlink reshapes the telecom landscape. Explore the key market moves and what Australian traders need to watch next.
Author  Mark Garro
Oct 12, Mon
AI spending faces a reality check as investors reassess tech valuations, while Starlink reshapes the telecom landscape. Explore the key market moves and what Australian traders need to watch next.
Live Quotes
Name / SymbolChart% Change / Price
NVDA
NVDA
0.00%0.00

US Stocks Related Articles

  • How to Buy AMD Stock in Australia in 2026: A Beginner’s Guide
  • How to Buy SpaceX Stock in Australia: Best Brokers, Fees and Investment Options for 2026
  • How to Invest in SpaceX in Australia (2026): Stock Price, Q3 Earnings & Buying Guide
  • Tesla and Meta report this week — what will move their shares?
  • Which US stock sectors look strongest now? 4 areas with real catalysts
  • Share CFD Trading Australia: How It Works & How to Start

Click to view more