"America's Advantage Is Trump" - NVIDIA CEO Praises Trump’s AI & Energy VISION
Episode Stats
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Summary
Trump defends taking a 15% cut of NVIDIA chip sales to China. President Trump defends a deal requiring NVIDIA and advanced microchip devices AMD to pay the U.S. government 15% of their China sales revenue for export licensing.
Transcript
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Trump defends taking 15% cut of NVIDIA AMD chip sales to China.
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This is kind of weird, but he didn't ask for it.
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And that's going to come back into paying off the debt that you have in national, you know, the national debt that you have.
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It's an interesting thing, but he's being asked about it.
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President Trump defends a deal requiring NVIDIA and advanced microchip devices AMD to pay U.S. government 15% of their China sales revenue for export licensing.
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You know, it's one of those things, but it still has a market.
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So I said, listen, I want 20% if I'm going to approve this for you, for the country, for our country, for the U.S.
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You know, every time I say, like, I don't want it, like 747, I want, I want, yeah, for the Air Force.
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So I just want to, so when I say I want 20, I want for the country.
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So he's selling a essentially old chip that Huawei has a similar chip, a chip that does the same thing.
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And I said, good, if I'm going to give it to you because they have a, you know, they have a stopper.
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A restrictive, it's really known as a restrictive covenant.
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And I said, if I'm going to do that, I want you to pay us as a country something because I'm giving you a release.
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Now, on the Blackwell, I think he's coming to see me again about that.
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But that will be an unenhanced version of the big one.
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Like, I don't know if you know it, we will sometimes sell fighter jets to a country.
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So NVIDIA goes to the federal government and says, hey, look, we sell a lot of different chips.
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And when he's talking about the H20, the H20 was a chip that was made for the Chinese market.
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And there's a whole lot of companies over there that use it for a lot of things.
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This isn't going to be something where the Chinese government is buying 1,000 of them, 10,000 of them, 100,000 of them,
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And Jensen Wang goes to the government and says, hey, you know what?
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In the midst of this stuff, I can keep making these, and I'm a U.S. company.
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It says, is it okay if I sell these here and, you know, I've got this tariff on top of it?
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And so what Trump is basically saying, well, tell you what?
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I'll give you liberation to actually sell it on the embargo, but instead of the tariff dollars, pay the federal government.
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And he said, now those Blackwell chips, the enhanced Blackwell chips, that's the super AI chip.
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That's the Shelby Mustang of AI chips, or if you want to call it the, yeah.
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I held up from making a really bad, bad decision or something.
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The Blackwell chip, the enhanced Blackwell chip is the super horsepower, big, beautiful chip that you don't want them to have.
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And so this is basically, once again, I'll say it again.
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I said it a minute ago, but I'm going to say it again.
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This place needs to be run like a business, and it is being run like a business.
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There's one part of it that's uncomfortable with me.
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You're going with this is that you open the floodgates.
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Yes, for the next guy, for the next guy, for the next guy, which is.
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Who maybe doesn't like you and just wants to take your company from you.
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Do you think I would negotiate the same way Trump is negotiating with NVIDIA?
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I would say the first, let's just say, how much revenue do you think they're going to
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How much do you think they're going to get from the chip?
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As a form of project that we're working on right now, you guys are going to pay for the
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It becomes a, where the audience says, okay, so that 15% for the government, you're going
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Tie it to a project for it to be like, okay, they're going to pay for this.
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Instead of the government's going to be a business partner with you on some of this
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Because this is where you open up the argument of nationalize and all this other stuff.
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You're just doing, you're giving the opposition an argument for it.
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And I'm telling you, I love the way it's being negotiated.
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I love what they're doing with it and the revenue that's going to be coming in for taxpayers.
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And still, inflation didn't skyrocket when everybody said.
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And yesterday was a record-breaking day for the stock market.
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Well, Trump made the whole phrase quid pro quo famous, which is basically like, scratch my
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But the media will spin this story about NVIDIA cutting a deal of 15% of their revenue for
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And they're going to say, Trump's enriching himself.
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And I'm so glad that Trump was like, I'm not doing this for myself.
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Now, speaking of NVIDIA, I think just two weeks ago, a week ago, they became the first
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And now, look at this little earnings report here.
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So I'm totally in favor of what Trump is doing.
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You're basically saying you're making a ton of money.
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Show me the money, is what Trump's saying to NVIDIA.
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By the way, Jensen Huang, if you put him on a lineup, I guarantee you 99% of Americans could
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This guy is running the most profitable, biggest market cap company in the world, and nobody
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even knew his name or NVIDIA's name five years ago.
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That's going to be a Stefano Ritchie crocodile with their jacket.
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By the way, did you hear what he said the other day?
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He goes, what is it that makes America the greatest country in the world for when it
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I mean, look, we're back to people not being afraid of talking and telling the truth, which
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You see, are America's unique advantages that other countries don't have?
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America's unique advantage that no country possibly have is President Trump.
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One, on the first day of his administration, he realized the importance of AI and he realized
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For the last, I don't know how many years, energy production was vilified, if you guys remember.
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You can't reshore manufacturing without energy.
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You can't sustain a brand new industry like artificial intelligence without energy.
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If we decide as a country the only thing we want is IP, to be an IP-only, a services-only
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But if we want to produce things, something as vital as artificial intelligence, then we need
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And so I'm just delighted to see pro to accelerate AI innovation.
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This is where they jump cut to the picture of Trump being like...
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August 27th, at our property here, okay, in a hangar, at our property that we have in Fort
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Lauderdale, our headquarters, we're holding a special networking opportunity.
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A lot of you guys keep saying, Pat, I want to come see the property.
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We're building the biggest futsal field right now.
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That is 3,000 square feet bigger than the biggest futsal field, the traditional ones
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We're doing a bunch of different things on our property.
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We want to give some of the people an opportunity to come and see the property.
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And some of you guys, I want to give you a tour when you come down here.
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Anybody that's bought a vault ticket, that's going to the vault conference, that's out of
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You can be from anywhere if you want to come participate.
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But specifically for the people that are in Florida, if you bought a ticket, general,
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Our team will give you a, you'll be able to network with others.
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You're going to get a tour of the entire property.
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I'm going to show you exactly everything that we're doing here.
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And if you haven't bought the tickets yet, you have to see what we're going to have our
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center car outside the Formula One that we bought, the 1989 one.
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You'll see what we're doing behind closed doors.
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This year's vault conference is going to be absolutely epic.
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If you're somebody that's got big plans, second half of the, I keep telling this to people,
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This is the worst year to go into 2026 without getting the strategies that others are having.
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Whether it's AI, human nature, real estate, insurance, finance, raising capital, networking
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with others, myself, Tony Robbins, Martha Stewart, David Falk at the number one business
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conference of the year that teaches you what to do when you leave.
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Here's how we do this 300 page manual that will be given to everybody.
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If you haven't yet bought your ticket, go to the vaultconference.com, buy your ticket.
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Then, Rob, if you can put the link below for the people that have already bought a ticket,
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because you got to register, because it's only for the first 200.
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We're not doing it with 2,000 people showing up here.
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Each person that bought a ticket, you'll get to bring one person with you to see the tour,
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whether they have a ticket or not, it's not a problem.
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But the first 200 register, you'll be able to come join us.
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You just have to prove to us that you bought a ticket, and our team will verify that.
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Rob, what is the link for them to go to register for this?
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It's actually pinned inside of the chat on YouTube.
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Okay, but is there a link for it for people that only listen to audio, like if it's in
00:11:43.260
Well, I would say maybe send an email to info at vt.com.
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Send an email to info at vt.com, and they'll send it back over to you.
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But if you don't, it's a link on Spotify and on YouTube, you'll be able to get to it
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I'm looking forward to seeing many of you here.
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