Of course, Nvidia GPUs are the industry standard in accelerating AI applications in the data center. So, any decrease in AI infrastructure spending would be bad news for the company. CEO Jensen Huang addressed those concerns this week during his keynote speech at GTC, an annual developer conference focused on AI.

Nvidia CEO Jensen Huang, the AI company's founder, reportedly said that "several hundred billion" dollars will be spent in the next four years on U.S. production.

Technology company Nvidia will spend hundreds of billions on manufacturing chips and other electronics in the United States, a move that comes as President Donald Trump hikes tariffs for products made overseas.