Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors

every morning. Good morning. Today is Thursday, December 4th, and I'm your host, Kim Khan, filling in for

Julie Morgan. In videos on the verge of securing a major lobbying victory in Washington, with CEO Jensen Wong personally

making the case on Capitol Hill. Bloomberg reports that lawmakers left out a measure from must-pass

defense legislation that would have limited NVIDIA's ability to sell advanced AI chips to China

and other adversary nations. The proposal, known as the Gain AI Act, would require chipmakers like

NVIDIA and AMD to prioritize U.S. customers for advanced AI chips over buyers and embargoed

countries. Lawmakers had sought to attach the measure to the annual defense policy bill,

which is set to be released today, but a source told Bloomberg it did not make it into the bill.

At the same time, President Donald Trump praised NVIDIA's CEO Jensen Wong, who was in Washington Wednesday.

Trump called him a smart man, crediting him with doing an amazing job at the company.

Wong returned the praise, saying Trump stuck his neck out by making energy a priority for economic growth.

On the Joe Rogan experience, Wong said the recent boom in

U.S. AI would not have been possible without Trump's push for energy production. Without energy

growth, we could have no industrial growth, and that saved the AI industry, he said. Snowflake shares

are tumbling pre-market, as investors focused on soft fourth-quarter guidance, overshadowing

an otherwise solid headline beat.

The data cloud company reported 29% year-over-year revenue growth to 1.21 billion above expectations,

with adjusted EPS of 35 cents, also topping consensus.

Margins of free cash flow improved in key metrics like remaining performance obligations

and net retention

remains strong. But outlook disappointed. Snowflake guided Q4 product revenue to 1.195 billion

...