President Donald Trump will meet with Nvidia Corp. Chief Executive Officer Jensen Huang at the White House on Friday as the US prepares to tee up tariffs on semiconductors, weighs the fate of a subsidy program and probes whether Chinese AI startup DeepSeek skirted export controls to obtain the chipmakers’ products.

SoftBank is in talks to lead a funding round for artificial intelligence robotics start-up Skild AI that would more than double its valuation to close to $4bn, as Masayoshi Son hunts for deals to match his vaunted ambitions for the sector.

The past few years have been undeniably profitable for Nvidia ( NVDA 4.43%) investors. The stock price has surged more than sevenfold over the past two years, and today, it topped the charts as the world's most valuable company in terms of market cap. The stock was up as much as 4.7% Wednesday morning. At 12:32 p.m. ET, the stock was still up 4.1%.

Nvidia dipped 0.8% after initially gaining, following a nearly 17% plunge on Monday—its worst drop since the 2020 COVID crash.

The recovery came after US chipmaker Nvidia closed up 9 per cent on Tuesday, recouping some of the heavy losses that wiped $600bn off its market capitalisation at the start of the week, when investors fretted over the threat from China’s DeepSeek to the US supremacy in artificial intelligence.

Nvidia and other U.S. tech stocks are holding a bit steadier after tumbling the day before on doubts about whether the artificial-intelligence frenzy really needs all the dollars being poured into it

A major tech stock sell-off ensued Monday as the debut of DeepSeek rattled investors. Nvidia, Alphabet, and Microsoft were among the biggest losers.

US chipmaker Nvidia dived 17 per cent, wiping off nearly USD 593 billion in the biggest market capitalisation loss in history, following a wave of selling as China's DeepSeek developed a free AI assistant using lower-cost chips.

Nvidia (NASDAQ:NVDA) and other chip stocks are gaining in premarket trading Tuesday, poised to recover some of the losses from Monday’s sharp sell-off.

Peter Oppenheimer, the chief of global equity strategy and the head of macro research for Goldman Sachs in Europe, opined that the rise of tech stocks due to the AI boom was not

The cause of investors’ panic was DeepSeek, an obscure Chinese hedge fund turned AI startup that has blown analysts away with its latest large language model, R1, released on January 20th. Consumers have flocked to DeepSeek’s chatbot,