00:00 President
The Trump administration is back and repression of the chip against Nvidia. This happens after CEO Jensen Huang attended a dinner of $ 1 million per person in Mar-A-Lago last week. To find out more, we bring the Yahoo Finance technology editor, Dan Howley. It’s a big dinner, dan.
00:16 Dan Howley
Yes, I don’t think they serve as macaroni and kraft cheese over there. Although I pay a million dollars for this. Yeah, it’s a big problem. The H20 is a chip that Nvidia is able to export to China at the moment. This is what DC trained their models with regard to their R1 and their AI models generated by V3. And so the idea that it would have been held away from China was a big problem to discuss. There were both Republicans and Democrats saying that they wanted him to be checked under export controls. And it would therefore have harmed Nvidia’s overall income in China. Now, even if they have said that they are not waiting for any expansion, a significant expansion in this, they will miss in the long term because they will not be able to send things like their Blackwell fleas or their next VR Rubin chips. They always have this in their rear pocket that they are able to generate income from China. It is therefore a big problem that now they say that they will always be able to do it, or at least the reports are that now they will be able to continue to hang on to this and sell it for a while in the future. We do not know how long it will last or what it means for the future nvidia tokens. Do not expect VR Rubin to go. Don’t expect Blackwell Ultra Va. But the fact that they can have the H20 and you know, perhaps a future genre, we will call it high-end Nerfed chips, which are released, always good news for Nvidia.
02:50 President
And more broadly, you have followed Big Tech’s relationship with the president, uh and you know, this dinner, just an example of CEO of Big Tech by paying a lot of money to get closer to the president and try to convince him of their program.
03:11 Dan Howley
Yeah, I mean, look, it started before the inauguration. We had companies ranging from Google and Microsoft to Meta and Apple, either their CEOs or the companies themselves giving a million dollars to the inauguration fund. We made them meet him regularly in Mar-A-Lago. Mark Zuckerberg appointed Dana White, one of Trump’s friends. And would now have bought a DC mansion, close enough to talk, you know, at a distance from JD Vance de la Maison Blanche. But that didn’t save them from prices until about an hour ago, perhaps, right? You know, I think the great thing to keep in mind here is that you know, we have had Apple to talk about $ 500 billion in investments in the next four years. Microsoft, $ 80 billion in the next four years. It is funny that it is still in the next four years. Well, I wonder why. But the thing about Apple is that the majority of their iPhone manufacturing is still in China. And so
05:07 President
And therefore always subject to prices.
05:09 Dan Howley
So that’s what it is, right? You know, we are talking about the way Vietnam has a lot of manufacturing capacity. There are other countries in Southeast Asia that are manufacturing, Mexico manufactures Nvidia servers. So those who get there are not subject to new prices. But you know, clarity is not yet there on companies that could obtain exceptions. You know, Trump obviously talked about this at the press conference. And then what it means in the future and for how long this 90 -day extension. Does this mean that, okay, well, companies are exempt. Will they be exempt beyond 90 days? I think you know, as far as Apple is concerned, it’s always a bit, you know, everyone. One of the analysts I was talking about is to say that the gaze, no business knows what to do at this stage, either by the supply chain, because there is simply no real rhyme or reason for what is happening at this stage.
06:25 President
Yes, Jose Torres of Interactive Brokers is still on the set with us, economist. Um and Jose, you know, you just talk about the type of money’s lining potential here. I want to ask from the economic point of view of which Dan speaks. In other words, this kind of payment environment with an apparent game that this White House has welcomed, you know, accepting a lot of money and commercial relations in the cryptography industry, then to easily go to the cryptography industry. Accept a lot of money and have these major ticket dinners with executives, then develop offers. From an economic point of view, as, is it a positive negative, as what is it? How should we read this?
07:21 Jose Torres
You know, I think it’s a style of style, you know, the president, the White House, they want you to come, they want to speak with you. Similar to the nations, the 70 nations, 75 nations including Scott Beason, secretary of the Treasury, Beason, spoke, they wanted business people, political leaders, to come to the White House and have conversations in head. It is not a kind of status quo administration. This is part of the reason why the electoral base has decided to elect the Trump administration. You know is another type of style. Let’s talk about face to face, eye-eye, maybe this style. You know, you ask me if it’s positive, negative, maybe it’s positive. If you see someone face to face, may be more responsibility for this way.
08:28 President
You also know, Jose, however, what this administration wants. What does Trump appreciate? He appreciates when you go out and see investments. We were just talking about Nvidia. What NPR reports that Nvidia has promised Trump, listening, we are going to make new investments in AI data centers. This is part of the conversation. I mean, often you do this, if you can promise Trump that there will be more direct investments, you make the headlines.
09:02 Jose Torres
Absolutely. And you know, he likes to be around CEOs. He loves, you know, he likes screen time, you know, and it is partly that he is part of his flavor, that is part of his agreement.
09:17 President
Yes, it’s just interesting that it is a dinner at a million dollars to get there.