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.

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

President Donald Trump has threatened to impose tariffs on Taiwan-made chips, which could hit Nvidia, one of TSMC's biggest customers.

The president joined leaders from OpenAI, Oracle and SoftBank to launch the ambitious project, but questions remain about its implementation, offerings and timeline.

Taiwan’s government will soon look at whether it needs to help its domestic industry over threats by President Donald Trump to put tariffs on semiconductors, Premier Cho Jung-tai said on Wednesday.

U.S. President Donald Trump will meet with Nvidia chief executive Jensen Huang at the White House on Friday, a White House official said, following reports the Trump administration is studying new ways to restrict AI chip sales to China.

President Donald Trump is scheduled to meet with Nvidia CEO Jensen Huang at the White House on Friday, when they will discuss AI, chips as well as the industry's energy needs.

Nvidia chief executive Jensen Huang is set to meet US President Donald Trump at the White House on Friday, according to a person familiar with the matter.

Gaza: Hundreds of thousands of Gazans returned to the ruined north of the enclave this week as part of a ceasefire between Israel and Hamas, as United States President Donald Trump urged Egypt and Jordan to accept the evacuees and enable a “clean-out” of Gaza.

Intel on Thursday posted December-quarter results that beat analysts' low expectations, while its forecast for current-quarter revenue missed estimates as the chipmaker grapples with tepid demand for its data center chips and as investors wait for a new CEO.

Trump's plan for widespread buyouts raises plenty of questions.