Latest news with #Huang
Sydney Morning Herald
5 hours ago
- Politics
- Sydney Morning Herald
‘Aren't you worried you are being brainwashed?' The junket that left Richard's friends on edge
Sitting in a cafe in southern Taiwan, tourism graduate Richard Huang makes a frank admission. Some of his friends have questioned whether he is a tool of the Chinese Communist Party, helping to spread Beijing's worldview through his social media. On his Instagram account, Huang spruiks the Beijing-subsidised trips he has taken to places like Xinjiang, a region in China's north-west, and offers to help set up his followers on similar exchange programs targeted at Taiwanese youth. 'My friends have asked me: 'Hey, aren't you worried you are being brainwashed?'' says Huang, a pseudonym that he requested to speak openly about his experience. 'My response is: as long as you are resilient in your own mind, you won't be compromised by the influence coming from these trips.' As part of an eight-day tour to Xinjiang, Huang and about 30 other Taiwanese students and graduates were put up in 4-star hotels and treated to nightly banquets. By day, their itinerary included visits to museums and cultural activities, such as musical performances by Uyghur groups, an ethnic Muslim minority in Xinjiang. The activities were peppered with speeches from Chinese officials about Taiwan and China being 'one big family'. At one event, the group sang Tomorrow Will be Better, a Taiwanese pop song from the 1980s that has since been appropriated by Chinese state media to promote a message of unification between the democratic self-governing island and the mainland. China claims Taiwan as part of its territory, even though the CCP has never controlled the island. The propaganda, Huang says, is the price participants pay for a cheap trip. He paid 20,000 Taiwanese dollars ($1043), about a 50 per cent discount, he says, with the rest subsidised by the Chinese government. But there was another subtle quid pro quo. During the tour, Chinese officials suggested the participants share their experience on social media and tell their friends that Xinjiang was not the terrible place portrayed by Taiwanese media. When he arrived back in Taiwan, Huang did just that. 'The magnificent scenes covered by a blanket of snow, the heaps of food I had, and the diversity of ethnic cultures and traditions I experienced – the list never ends, and the beauty of Xinjiang is beyond what photos and words can describe,' Huang posted on Instagram. He implored his friends to go and see for themselves. Huang made no mention of the reports, including those by the United Nations, of the brutal repression and human rights violations of the Uyghur population by Chinese authorities, claims which the Chinese government denies. Instead, he observed that the different ethnic groups got along with 'great friendliness and tolerance'. United Front campaign State-sponsored travel programs are hardly a new tool in Beijing's soft-power efforts to shape opinions in Taiwan in line with its foremost goal – to bring the island under the control of the Chinese government. But under President Lai Ching-te, the Taiwanese government has become increasingly concerned that Beijing is intensifying its propaganda, with study tours, tourism, cultural exchanges and social media influencers all spreading pro-Beijing messages to Taiwan's youth. These activities are widely suspected by Taiwanese authorities and Chinese analysts to be part of the operations of the United Front Work Department – the CCP's core influence arm that uses diaspora communities to promote Beijing's agenda overseas. China's Foreign Ministry did not respond to a request for comment. Dr Nathan Attrill, a China specialist at the Australian Strategic Policy Institute, has tracked United Front activity relating to Taiwan. He identified 67 events in 2024 that sought to cultivate Taiwanese Youth and influencers, more than double the next most targeted group of businesses and entrepreneurs. 'The main themes of these sorts of events are always to emphasise a shared culture, or a shared heritage between the peoples of China and Taiwan, thereby establishing some sort of justification for why China claims to have sovereignty over Taiwan,' Attrill says. Beijing doesn't try hard to hide the United Front's involvement in these tours. The exchanges are often given effusive coverage in Chinese state media, which routinely notes the attendance of United Front officials or their associated organisations at the events. Trips to Xinjiang, a top destination for such cultural tours, serve the dual purpose of presenting a tightly orchestrated, sanitised image of the region while promoting the Chinese government's unification agenda, says Raymond Sung, vice president of the Prospect Foundation, a government-backed institute in Taipei. 'I do not support the idea of being fully controlled by China ... The only thing that I want to do is to foster cultural exchanges between the two sides.' Richard Huang 'By being a participant, you're actually sponsoring or being part of that [Chinese government propaganda],' Sung says. These kinds of exchanges, experts say, are also designed to cleave at the deep political polarisation in Taiwan. Lai's pro-independence-leaning Democratic Progressive Party is reviled by Beijing as a separatist force, and bitterly opposed by Taiwan's main opposition party, the Kuomintang, which favours closer ties with the mainland. Beijing's Taiwan Affairs Office has accused Lai's government of inciting anti-China sentiment by 'exaggerating the so-called united front threat' and 'using all means to intimidate and suppress groups and individuals on the island who support and participate in cross-strait exchanges'. For now, Beijing's charm offensive to win the hearts and minds of Taiwan's younger generations doesn't appear to be paying off. Polling consistently shows that a clear majority of people in Taiwan identify themselves as being solely Taiwanese. This rose to as high as 83 per cent for 18-34 year-olds, compared with 15 per cent who identified as being Taiwanese-Chinese and 1 per cent who considered themselves to be solely Chinese, according to a Pew Research survey in 2024. Tensions between propaganda and free speech Nonetheless, the Lai government this year has pursued a crackdown on China's united front and espionage efforts, including tighter regulation of cross-strait exchanges and new disclosure requirements for all public servants travelling to China on such trips. In February, Taiwan banned academic exchanges with three Chinese universities, citing concerns over political influence, and in March, authorities expelled three Chinese influencers for promoting 'unification by force' narratives on their social media accounts. The authorities have since revealed they are investigating 20 Taiwanese celebrities for amplifying CCP messaging. Building on the themes of this campaign, Lai embarked this week on a 10-stop speech tour across Taiwan under the banner of 'uniting the country' in the face of China's pressure. In his first speech on Sunday, he declared 'of course Taiwan is a country' and called for its future to be decided by its 23 million citizens, infuriating Chinese authorities, which slammed his speech as 'deliberately inciting provocations'. The expulsion of the Chinese influencers has fed into a broiling debate about free speech, and the curbs Taiwan is willing to put on its own democracy to counter the tactics of its authoritarian neighbour. Chinese-born influencer Liu Zhenya, who goes by 'Yaya in Taiwan', fell foul of Taiwanese authorities for video comments she made to her 400,000 followers on Douyin (Chinese TikTok), which included praising China's military drills around the island in May 2024. She expressed hope that by morning, 'the island will already be covered with red flags', a reference to China's flag. Taiwanese authorities deemed she had crossed a red line in advocating 'the elimination of our country's sovereignty'. 'There are limits to freedom of speech, and the limits are the country's survival,' Taiwan's Premier Cho Jung-tai said at the time. While Yaya's expulsion was celebrated in Taiwan's pro-independence circles, it was met with concerns about overreach in others. A group of 75 scholars co-signed a statement saying that democracy and the rule of law were 'facing unprecedented damage and threats' under the DPP's crackdown. Separately, academics Michelle Kuo and Albert Wu queried whether Yaya's videos, whilst repulsive in their view, were sufficient to constitute a national security threat and noted that any evidence of her CCP links had not been made public. Her deportation, they wrote on their blog, had 'only served to divide an already incredibly polarised society more, at a time when unity is more important than ever in the face of Chinese aggression'. ' Building a positive image of China' Huang is not an influencer. Nor, he says, is he a member of a political party, though he doesn't support Lai's DPP. His Instagram account has just 2200 followers, and he hasn't parroted Beijing's unification narrative. 'I do not support the idea of being fully controlled by China where we lose all of our freedoms,' he says. 'The majority of Taiwan will not accept this'. But he has become a facilitator, helping would-be participants navigate the online back-channels to those who organise the cultural tours, a role he says he receives no payment for, or any other in-kind benefit. There is nothing illegal in doing this, though he faces potential backlash from the online pro-independence crowd. Huang says he is not naive to the fact that the key reason Beijing funds such trips is to promote its unification agenda, and concedes his glowing testimonials feed its propaganda machine. 'The only thing that I want to do is to foster cultural exchanges between the two sides,' he says. 'If you're asking if that helps build a positive China image, then yes, that certainly is the case.'
The Age
6 hours ago
- Politics
- The Age
‘Aren't you worried you are being brainwashed?' The junket that left Richard's friends on edge
Sitting in a cafe in southern Taiwan, tourism graduate Richard Huang makes a frank admission. Some of his friends have questioned whether he is a tool of the Chinese Communist Party, helping to spread Beijing's worldview through his social media. On his Instagram account, Huang spruiks the Beijing-subsidised trips he has taken to places like Xinjiang, a region in China's north-west, and offers to help set up his followers on similar exchange programs targeted at Taiwanese youth. 'My friends have asked me: 'Hey, aren't you worried you are being brainwashed?'' says Huang, a pseudonym that he requested to speak openly about his experience. 'My response is: as long as you are resilient in your own mind, you won't be compromised by the influence coming from these trips.' As part of an eight-day tour to Xinjiang, Huang and about 30 other Taiwanese students and graduates were put up in 4-star hotels and treated to nightly banquets. By day, their itinerary included visits to museums and cultural activities, such as musical performances by Uyghur groups, an ethnic Muslim minority in Xinjiang. The activities were peppered with speeches from Chinese officials about Taiwan and China being 'one big family'. At one event, the group sang Tomorrow Will be Better, a Taiwanese pop song from the 1980s that has since been appropriated by Chinese state media to promote a message of unification between the democratic self-governing island and the mainland. China claims Taiwan as part of its territory, even though the CCP has never controlled the island. The propaganda, Huang says, is the price participants pay for a cheap trip. He paid 20,000 Taiwanese dollars ($1043), about a 50 per cent discount, he says, with the rest subsidised by the Chinese government. But there was another subtle quid pro quo. During the tour, Chinese officials suggested the participants share their experience on social media and tell their friends that Xinjiang was not the terrible place portrayed by Taiwanese media. When he arrived back in Taiwan, Huang did just that. 'The magnificent scenes covered by a blanket of snow, the heaps of food I had, and the diversity of ethnic cultures and traditions I experienced – the list never ends, and the beauty of Xinjiang is beyond what photos and words can describe,' Huang posted on Instagram. He implored his friends to go and see for themselves. Huang made no mention of the reports, including those by the United Nations, of the brutal repression and human rights violations of the Uyghur population by Chinese authorities, claims which the Chinese government denies. Instead, he observed that the different ethnic groups got along with 'great friendliness and tolerance'. United Front campaign State-sponsored travel programs are hardly a new tool in Beijing's soft-power efforts to shape opinions in Taiwan in line with its foremost goal – to bring the island under the control of the Chinese government. But under President Lai Ching-te, the Taiwanese government has become increasingly concerned that Beijing is intensifying its propaganda, with study tours, tourism, cultural exchanges and social media influencers all spreading pro-Beijing messages to Taiwan's youth. These activities are widely suspected by Taiwanese authorities and Chinese analysts to be part of the operations of the United Front Work Department – the CCP's core influence arm that uses diaspora communities to promote Beijing's agenda overseas. China's Foreign Ministry did not respond to a request for comment. Dr Nathan Attrill, a China specialist at the Australian Strategic Policy Institute, has tracked United Front activity relating to Taiwan. He identified 67 events in 2024 that sought to cultivate Taiwanese Youth and influencers, more than double the next most targeted group of businesses and entrepreneurs. 'The main themes of these sorts of events are always to emphasise a shared culture, or a shared heritage between the peoples of China and Taiwan, thereby establishing some sort of justification for why China claims to have sovereignty over Taiwan,' Attrill says. Beijing doesn't try hard to hide the United Front's involvement in these tours. The exchanges are often given effusive coverage in Chinese state media, which routinely notes the attendance of United Front officials or their associated organisations at the events. Trips to Xinjiang, a top destination for such cultural tours, serve the dual purpose of presenting a tightly orchestrated, sanitised image of the region while promoting the Chinese government's unification agenda, says Raymond Sung, vice president of the Prospect Foundation, a government-backed institute in Taipei. 'I do not support the idea of being fully controlled by China ... The only thing that I want to do is to foster cultural exchanges between the two sides.' Richard Huang 'By being a participant, you're actually sponsoring or being part of that [Chinese government propaganda],' Sung says. These kinds of exchanges, experts say, are also designed to cleave at the deep political polarisation in Taiwan. Lai's pro-independence-leaning Democratic Progressive Party is reviled by Beijing as a separatist force, and bitterly opposed by Taiwan's main opposition party, the Kuomintang, which favours closer ties with the mainland. Beijing's Taiwan Affairs Office has accused Lai's government of inciting anti-China sentiment by 'exaggerating the so-called united front threat' and 'using all means to intimidate and suppress groups and individuals on the island who support and participate in cross-strait exchanges'. For now, Beijing's charm offensive to win the hearts and minds of Taiwan's younger generations doesn't appear to be paying off. Polling consistently shows that a clear majority of people in Taiwan identify themselves as being solely Taiwanese. This rose to as high as 83 per cent for 18-34 year-olds, compared with 15 per cent who identified as being Taiwanese-Chinese and 1 per cent who considered themselves to be solely Chinese, according to a Pew Research survey in 2024. Tensions between propaganda and free speech Nonetheless, the Lai government this year has pursued a crackdown on China's united front and espionage efforts, including tighter regulation of cross-strait exchanges and new disclosure requirements for all public servants travelling to China on such trips. In February, Taiwan banned academic exchanges with three Chinese universities, citing concerns over political influence, and in March, authorities expelled three Chinese influencers for promoting 'unification by force' narratives on their social media accounts. The authorities have since revealed they are investigating 20 Taiwanese celebrities for amplifying CCP messaging. Building on the themes of this campaign, Lai embarked this week on a 10-stop speech tour across Taiwan under the banner of 'uniting the country' in the face of China's pressure. In his first speech on Sunday, he declared 'of course Taiwan is a country' and called for its future to be decided by its 23 million citizens, infuriating Chinese authorities, which slammed his speech as 'deliberately inciting provocations'. The expulsion of the Chinese influencers has fed into a broiling debate about free speech, and the curbs Taiwan is willing to put on its own democracy to counter the tactics of its authoritarian neighbour. Chinese-born influencer Liu Zhenya, who goes by 'Yaya in Taiwan', fell foul of Taiwanese authorities for video comments she made to her 400,000 followers on Douyin (Chinese TikTok), which included praising China's military drills around the island in May 2024. She expressed hope that by morning, 'the island will already be covered with red flags', a reference to China's flag. Taiwanese authorities deemed she had crossed a red line in advocating 'the elimination of our country's sovereignty'. 'There are limits to freedom of speech, and the limits are the country's survival,' Taiwan's Premier Cho Jung-tai said at the time. While Yaya's expulsion was celebrated in Taiwan's pro-independence circles, it was met with concerns about overreach in others. A group of 75 scholars co-signed a statement saying that democracy and the rule of law were 'facing unprecedented damage and threats' under the DPP's crackdown. Separately, academics Michelle Kuo and Albert Wu queried whether Yaya's videos, whilst repulsive in their view, were sufficient to constitute a national security threat and noted that any evidence of her CCP links had not been made public. Her deportation, they wrote on their blog, had 'only served to divide an already incredibly polarised society more, at a time when unity is more important than ever in the face of Chinese aggression'. ' Building a positive image of China' Huang is not an influencer. Nor, he says, is he a member of a political party, though he doesn't support Lai's DPP. His Instagram account has just 2200 followers, and he hasn't parroted Beijing's unification narrative. 'I do not support the idea of being fully controlled by China where we lose all of our freedoms,' he says. 'The majority of Taiwan will not accept this'. But he has become a facilitator, helping would-be participants navigate the online back-channels to those who organise the cultural tours, a role he says he receives no payment for, or any other in-kind benefit. There is nothing illegal in doing this, though he faces potential backlash from the online pro-independence crowd. Huang says he is not naive to the fact that the key reason Beijing funds such trips is to promote its unification agenda, and concedes his glowing testimonials feed its propaganda machine. 'The only thing that I want to do is to foster cultural exchanges between the two sides,' he says. 'If you're asking if that helps build a positive China image, then yes, that certainly is the case.'
Yahoo
13 hours ago
- Business
- Yahoo
Nvidia's stark turnaround is being powered by robots, hyperscalers, and sovereign AI
Nvidia (NVDA) is riding a wave of AI enthusiasm that has sent its stock price soaring to new highs after being battered in the early part of the year on fears of new AI models out of China and tariff threats. On Friday, shares of Nvidia hit $157, up from $94 in April, marking a stunning turnaround for the world's leading AI chip company. The moves can be attributed to a number of factors turning in Nvidia's favor, including the successful ramp of the buildout of its Blackwell chip line, the explosion in interest around so-called sovereign AI, and the company's push into what it calls physical AI, or robotics. Nvidia's Blackwell ramp, the process of building out chips and increasing overall volume, has been a major win for the company. During its GTC Paris event earlier this month, Nvidia said it is now shipping 1,000 Grace Blackwell (GB200) server racks per week and is on track for its transition to its next-generation Blackwell Ultra-powered GB300 servers. Getting its chips and servers out the door as fast as possible has been key for Nvidia, especially after earlier delays as the company began to ramp production of Blackwell chips in late 2024. Nvidia said the GB300 line of chips will be able to slot directly into GB200 servers, which the company claims will make it easier for its customers to upgrade to its latest offerings. Nvidia also continues to benefit from the seemingly insatiable demand for its chips from hyperscalers, including Amazon (AMZN), Google (GOOG, GOOGL), Microsoft (MSFT), Meta (META), and xAI, among others. According to CFO Colette Kress, large cloud service providers accounted for just under 50% of the company's data center sales in its fiscal first quarter. And with hyperscalers expected to spend billions more on their AI buildouts in the coming months, there's little reason to believe that will slow down anytime soon. CEO Jensen Huang is also betting big on the idea of sovereign AI, or AI data centers built in specific countries to power their own AI needs. Huang was on hand during President Trump's visit to the Middle East in May, during which Trump announced that Saudi Arabia and the United Arab Emirates (UAE) will be able to purchase thousands of Nvidia chips for their data centers. One of those projects, the UAE's Project Stargate, could include 100,000 Nvidia GPUs, according to Reuters. Huang also touted sovereign AI plans for Europe during GTC Paris. "The company is establishing AI technology centers in Germany, Sweden, Italy, Spain, UK, and Finland, and working with regional cloud and telco partners in France, UK, and Germany to build new AI datacenters with [tens] of thousands of Grace Blackwell systems and GPUs," Bernstein analyst Stacy Rasgon wrote in an investor note following the event. "They are planning for 20 AI factories to be deployed in Europe, several at gigawatt scale, and sees European compute capacity growing by a factor of 10x over the next 2 years," Rasgon added. Huang and company also continue to push further into physical AI, with the CEO calling it a multitrillion-dollar opportunity. Physical AI is another way of referring to the software and computers needed to power things like humanoid robots and self-driving cars. Nvidia offers both chips and the training information needed to run robots in factories and has been working in the automotive industry for years on self-driving car technologies. But don't expect to have a robot walking around your home anytime soon. Those kinds of bipedal butlers are likely years away from being something you can grab at your local Best Buy. Importantly, Nvidia has managed to shake off fears over the Trump administration's ban on sales of its chips to China. Despite taking a hefty charge on canceled orders, Wall Street analysts are more upbeat on the issue now that the ban is official and they no longer have to question whether one is coming or not. After all, there's comfort in certainty. Of course, Nvidia still faces the prospect of competition from rivals like AMD (AMD). And its own customers, including Amazon, Google, and Microsoft, are building or currently using their own in-house chips to take on Nvidia's offerings, making for a more complicated relationship. For now, however, Nvidia is rolling into summer with the wind at its back. Email Daniel Howley at dhowley@ Follow him on X/Twitter at @DanielHowley. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14 hours ago
- Business
- Yahoo
Can Investing $10,000 in Nvidia Stock Make You a Millionaire?
Nvidia is still reporting stellar results despite fears about its business and competition. The company sees huge opportunities going forward as AI becomes central in many parts of life. It's releasing new and more powerful technology to keep up with demand. 10 stocks we like better than Nvidia › Nvidia (NASDAQ: NVDA) stock has lost some of its momentum this year after gaining 1,400% over the past five years. It's lost some investor confidence for a number of reasons, including fears that new artificial intelligence (AI) models won't need its powerful chips and regulations that limit what the company can ship to China. But many investors still see its incredible long-term opportunities, and 90% of the 67 Wall Street analysts that cover it still call it a buy. Let's see where Nvidia is holding, where it's going, and whether or not investing in Nvidia stock today can make you a millionaire. For all the talk about how much more Nvidia can grow, it delivered a blowout report for the fiscal 2026 first quarter (ended April 27). Revenue increased 69% year over year, and non-GAAP (adjusted) earnings per share were up from $0.61 last year to $0.81 this year. That included a charge it had to take for not being able to fulfill orders to China, resulting in a $0.15 loss per share. Nvidia is a profit machine with a 52% net profit margin. Nvidia is easily the leader in its field, with as much as 95% of the total AI chip market, depending on who you ask. It has deals with pretty much all the major players in AI, who rely on its powerful graphics processing units (GPU) to make the generative AI magic happen. The companies who are out there offering AI platforms, like Amazon and Meta Platforms, need huge data centers to create the power necessary to drive the technology, and they need Nvidia as a partner. Data centers are Nvidia's highest-growth business right now, increasing 73% year over year in the first quarter. Amazon, for one, is creating its own chips to offer budget options for some of its clients. However, it will maintain its relationship with Nvidia because it needs Nvidia's highest-quality products for its own largest clients. The market was concerned when Chinese LLM DeepSeek came out a few months ago, and it seemed to offer excellent results without needing the power of chips like Nvidia's. Even at the time, Nvidia CEO Jensen Huang welcomed the news and said advances in AI were good for the whole industry, including Nvidia, and that he wasn't worried. Those concerns have since died down as Nvidia continues to roll out industry-leading products and stellar results. The company recently replaced its previous AI generation, called Hopper, with its improved technology under the Blackwell name. It's releasing the next iteration of that, called Blackwell Ultra, and it has the next generation of even more powerful chips, called Rubin, in the works for release next year. Huang said that the need for inference, which is how generative AI takes its data collection and turns it into results, has surged over the past year and that agentic AI will generate higher demand for AI computing. He added, "Countries around the world are recognizing AI as essential infrastructure -- just like electricity and the internet -- and Nvidia stands at the center of this profound transformation." The AI opportunity is simply enormous, and Nvidia is poised to maintain its dominant position and keep delivering shareholder wealth. There are reasons to envision Nvidia continuing to grow at a fast pace and for its stock to reflect that. However, as fast as it is growing, Nvidia isn't going to be able to replicate its earlier stock gains. The company is just too big. It's already expecting its growth rates to decelerate, even though it's also expecting the business to keep growing. It's just harder to report high double-digit growth on an increasingly large base. That's partially why, from an earnings perspective, Nvidia stock is looking very reasonably priced. It trades at a forward, one-year P/E ratio of only 25. Investing $10,000 today could be a great idea, but it isn't likely to make you a millionaire on its own. Turning $10,000 into $1 million implies a 10,000% increase, and Nvidia stock isn't likely to achieve that feat at this stage, even over the long term. However, the company still has incredible opportunities and should reward investors well in the coming years. If you're looking for a strong candidate for an AI stock to add to your portfolio and don't own Nvidia stock yet, it could be a valuable part of a millionaire-maker portfolio. Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $689,813!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $906,556!* Now, it's worth noting Stock Advisor's total average return is 809% — a market-crushing outperformance compared to 175% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Jennifer Saibil has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon, Meta Platforms, and Nvidia. The Motley Fool has a disclosure policy. Can Investing $10,000 in Nvidia Stock Make You a Millionaire? was originally published by The Motley Fool
Yahoo
14 hours ago
- Business
- Yahoo
Shouldn't NVIDIA Corporation (NVDA) CEO Sell $800 Million In Shares, Wonders Jim Cramer
NVIDIA Corporation (NASDAQ:NVDA) is one of the . NVIDIA Corporation (NASDAQ:NVDA)'s shares have regained their previous highs in June by taking five months to reclaim the setback from January's DeepSeek selloff. The shares are now up by 11.6% year-to-date after gaining 14% in June. Much of the bullishness surrounding NVIDIA Corporation (NASDAQ:NVDA) is due to an absence of negative catalysts on the horizon. Additionally, Loop Capital's estimate of a potential $6 trillion valuation because of GPUs increasing their presence in the global computing industry. Cramer's previous comments about NVIDIA Corporation (NASDAQ:NVDA) have asserted that the story is still intact despite the mostly bearish sentiment about the shares in 2025. His latest comments were appreciative of the June share price movements and NVIDIA Corporation (NASDAQ:NVDA) CEO Jensen Huang's plan to sell more than $800 million of shares. Huang has sold roughly $21 million of shares so far and here's what Cramer said: 'But in the meantime NVIDIA finally threw the 145. If it can do that, that's that area. A close-up of a colorful high-end graphics card being plugged in to a gaming computer. Recently, Cramer commented on Huang and his hopes surrounding US-China trade tensions: '[On Huang wanting China to have access to NVIDIA chips] Yeah he does, because he doesn't have, he just wants to give them the Biden. The Biden chip. The H20.' While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
