A $500 billion commitment by Nvidia Corp. (NASDAQ:NVDA) to build artificial intelligence supercomputers exclusively in the U.S. is drawing attention from Washington to Wall Street as reshoring trends accelerate.
In a Tuesday post on Truth Social, President Donald Trump announced the move and said Nvidia will receive expedited permits for its ambitious U.S.-based AI infrastructure investment, calling it a “very big and exciting news.”
The announcement comes amid a broader push from the Trump administration to accelerate domestic technology manufacturing and reduce reliance on China. Trump also pledged to expedite all necessary permits for other companies investing in what he dubbed the “Golden Age of America.”
Over the weekend, the administration confirmed exemptions to new tariffs of up to 145% on critical …