Nvidia Corp
The Biden administration had imposed an artificial intelligence technology embargo on China, restricting the country's access to sophisticated AI chips from Nvidia, citing national security threats.
Nvidia maintained a lack of impact from the embargo as the U.S. Big Techs splurged on their AI ambitions.
Nvidia recently surpassed Apple
Taiwan Semiconductor Manufacturing Co
Trump attacked Taiwan twice, claiming that the country undermined the U.S. chip industry.
He also criticized the CHIPS Act and pledged tariffs on Taiwanese chips if elected.
Analysts cautioned that tariffs could disrupt the global chip supply chain. Given the lack of a formal treaty, Trump questioned the U.S.'s defense stance with Taiwan and criticized federal CHIPS Act funding for foreign firms like Taiwan Semiconductor.
Wedbush Securities analyst Dan Ives projected that the upcoming $1 trillion in AI capital expenditures will add value to Nvidia.
Beth Kindig of I/O Fund predicts that Nvidia's Blackwell chips could drive its valuation to $10 trillion next year.