Nvidia (NVDA) CEO Jensen Huang didn’t mince words as he applauded President Donald Trump’s reversal of export curbs on advanced AI chips. The move lifted Biden-era restrictions that had limited the export of high-performance AI chips to key global markets. Speaking in Sweden over the weekend, Huang praised the shift in policy as “very visionary,” aligning it with broader efforts to restore U.S. industrial strength and global tech leadership.
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The comments came during Nvidia’s announcement of a new AI infrastructure collaboration with Swedish giants including Ericsson (ERIC) and AstraZeneca (AZN), Saab (SAABF), and SEB, a leading Nordic financial services group, to build the largest enterprise AI supercomputer in Sweden.
The deal follows a string of global collaborations in regions like Saudi Arabia and the UAE, which were made possible by Trump’s rollback of Biden-era chip export restrictions. Just days earlier, Nvidia had teamed up with Saudi AI firm Humain to help build the kingdom’s AI ecosystem.
Huang Champions Trump’s Push for U.S. Tech Dominance
Huang, long critical of export controls—previously calling them “a failure”—welcomed Trump’s approach, saying the administration wants U.S. firms to “win.” Huang pointed out that U.S. chipmakers have seen their market share in China drop by nearly 50% over the past four years. He believes this downward trend can be reversed through the new policy direction, which empowers American firms to compete more aggressively on the global stage.
“The President would like American technology to win with Nvidia,” he said, backing efforts to allow U.S. companies to “sell chips all over the world.”
Huang Backs U.S Manufacturing Despite Tariff Concerns
While many economists caution that Trump’s tariff policies could cause problems, Huang offers a different perspective. He praised the push to bring back U.S. manufacturing and make supply chains stronger.
“Securing our supply chain, having real redundancy and diversity — all of that is excellent,” Huang said, underscoring the importance of long-term industrial strength over short-term cost concerns.
According to Huang, building more factories in the U.S. and relying less on foreign suppliers are key steps to keep America ahead in technology.
Is NVDA a Good Stock to Buy?
Turning to Wall Street, analysts have a Strong Buy consensus rating on NVDA stock based on 34 Buys, five Holds, and one Sell assigned in the past three months, as indicated by the graphic below. Furthermore, the average NVDA price target of $164.51 per share implies 25.30% upside potential.
