Nvidia said in a statement it is "ready to work with the administration as it pursues its own approach to AI."

Importantly, several Wall Street analysts have updated or reiterated their forecasts since DeepSeek published its research paper last week, and they all see upside in Nvidia stock from its current price of $128 per share. Gil Luria at D.A. Davidson set his target price at $135 per share, implying a 5% upside.

Donald Trump's decision to place tariffs on Taiwan comes as China made significant breakthroughs with AI development.

Donald Trump’s administration is considering stricter limits on Nvidia’s H20 chip sales to China, due to DeepSeek AI and growing concerns over the Asian giant’s AI tech advancements. The H20 chips, compliant with US restrictions,

Meanwhile, a slew of other tech executives including Elon Musk, Jeff Bezos and Mark Zuckerberg are reportedly set to attend the events on Monday.

The Chinese start-up DeepSeek’s latest large language model has been described as a ‘Sputnik moment’ for the American tech industry

On Monday, as DeepSeek’s recently introduced innovations wiped over $1 trillion off the value of U.S. stocks, and just days after announcing a privately funded $500 billion AI infrastructure push, President Donald Trump said DeepSeek’s rise was “a wake-up call for our industries that we should be laser-focused on competing to win.”

The US president wants US tech companies to dominate artificial intelligence but acknowledges the challenge posed by the low-cost rival, DeepSeek.

Nvidia CEO Jensen Huang Huang said he will be celebrating Lunar New Year with employees.

U.S. President Donald Trump's administration is considering tightening restrictions on artificial intelligence leader Nvidia's sales of its H20 chips designed for the China market, Bloomberg News reported on Wednesday.