Jensen Huang’s appearance at the All-In conference garnered attention through a live call with President Trump. During the exchange, the conversation centered on concerns regarding the potential slowdown of artificial intelligence development. Trump characterized these fears as a "hoax," asserting that the technology’s scale—"bigger than the internet"—renders significant restrictions impractical. Huang responded with the statement, "we’re not going to let [an AI slowdown] happen," a sentiment likely intended to reassure investors and maintain Nvidia’s business model reliant on AI lab chip purchases.
Alongside the discussion of AI safety, Huang presented a new foldable phone from Apple, a device slated for release in five weeks. The phone was priced at $1,999. This event marked a significant shift from Apple’s previous strategy of integrating Nvidia hardware into its devices, a relationship that had ceased a decade prior. The current reliance on Nvidia underscores the growing dependence of Apple’s AI initiatives on third-party hardware.
Nvidia’s stock price has increased by 33% over the past year, though it experienced a slight decline on the day of the event. This fluctuation likely reflects investor sentiment regarding Nvidia’s position within the evolving AI landscape and the company’s strategic response to concerns about AI development. The company’s focus remains on supplying the chips needed to power AI labs.
The event also coincided with other developments, including OpenAI’s acquisition of smartphone camera maker Glass Imaging for $300 million and Apple’s revival of a strategy reminiscent of Steve Jobs’ approach from 25 years ago. The timing of these announcements further emphasized the dynamic nature of the technology sector.
