So much for America first — after three months of touting a future in which US tech rules the world, Nvidia CEO Jensen Huang seems to be giving up. The comment comes a week after Trump’s trade meeting with PRC President Xi Jinping, where Nvidia’s AI chips were supposed to take center stage. “President Trump understands that having the world build AI on American tech stack helps America win the AI race,” Huang told Fox News in August. This stems partly from the trade meeting itself — Trump gave up more than Xi, backing down months of tariff threats. More on Nvidia: Wall Street Analyst Warns That Nvidia Is Facing Serious Trouble