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TechCheck

Why Trump is backing Nvidia, Plus the tech earnings mirage 04/15/25

TechCheck

CNBC

Disruptors, Investing, Faang, Technology, Business, Management, Cnbc, Tech

4.856 Ratings

🗓️ 15 April 2025

⏱️ 7 minutes

🧾️ Download transcript

Summary

President Trump promising to expedite permits for Nvidia after the chip giant announced plans to build AI supercomputers in the United States. We look at how Jensen Huang and Mark Zuckerberg offer two very different case studies on how CEOs are gaming out the Trump 2.0 playbook. Plus, with Tariff uncertainty already impacting behavior, could we see an earnings mirage as big tech begins to report next week?

Transcript

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0:00.0

President Trump promising on social media to expedite permits for Nvidia after the chip giant announced plans to build AI supercomputers entirely in this country.

0:09.6

Our dear Dubosa has more in today's tech check. Morning, Dee.

0:13.1

Hey, good morning, Carl. This sets up a key contrast. Jensen Huang and Mark Zuckerberg, they're offering two very different case studies as CEOs game out, the Trump

0:21.7

2.0 playbook. And as the president's truth social posts this morning makes very clear, it is

0:27.6

Wong and NVIDIA proving far more effective. Invidia's commitment to build AI supercomputers.

0:34.0

Here in America, President Trump writes, is very big and exciting.

0:38.3

All necessary permits, he says, will be expedited and quickly delivered, as they will be to all companies committing to be part of the golden age of America.

0:47.3

But guys, perhaps a footnote needed here, all committing companies does not seem to include meta.

0:53.3

Zuckerberg has really been

0:55.6

iced out despite his full-fledged charm offensive. Here's a few of the things he's done. He's added

1:00.9

UFC president Dana White, a close Trump ally to his board. He has dined at Mar-a-Lago.

1:06.2

A million-dollar donation to the inauguration fund, rolled back moderation and diversity policies,

1:12.0

repeatedly framed AI as a national priority key to competitiveness against China.

1:17.8

And yet the FTC trial, it continues today, which threatens to break off Instagram and

1:22.1

what's up.

1:23.1

Tariffs are poised to hit meta's largest advertisers, Chinese e-commerce giants like Tameu and Shian.

1:28.3

Its biggest rival TikTok, it is still operating here,

1:31.3

and Trump himself has barely acknowledged Zuckerberg this cycle,

1:35.3

even as he name-checked other CEOs like Huang this morning

1:38.3

and Elon Musk very often.

1:40.3

By contrast, Jensen Huang's low-key strategy, that appears to be working. Remember that

1:45.2

NVIDIA also recently scored a key exemption for China-bound H-20 AI chips after Huang's quiet

...

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