Trump Praises Nvidia CEO Jensen Huang for Strong Results and Calls Micron One of the World's 'Hottest' Companies
President Donald Trump praised U.S. chip industry leaders on August 29, highlighting strong performance from both Nvidia Corp (NVDA) and Micron Technology Inc (MU). He commended Nvidia CEO Jensen Huang for impressive second-quarter results and revenue guidance, calling them 'incredible numbers.' The company reported $96.22 billion in Q2 revenue—a 106% year-over-year increase—and guided to $108 billion in the next quarter. Trump also lauded Micron's new $10 billion investment into research labs and its prior commitment of $250 billion for U.S.-based manufacturing. He emphasized that these investments are helping position America as a leader in AI and advanced computing, while creating tens of thousands of jobs. However, the praise comes amid uncertainty over potential semiconductor tariffs under consideration by the Trump administration. The comments follow recent stock activity from Trump himself, who disclosed transactions involving both companies earlier this year.
Topics: CEO recognition semiconductors technology U.S. policy