Nvidia Corp (NASDAQ:NVDA, ETR:NVD) stock was up 1.8% in after-hours trading and looked set for a strong open on Thursday after it shared plans to invest hundreds of billions of dollars in US-made chips and electronics over the next four years.
According to CEO Jensen Huang, via the Financial Times, the AI chipmaker expects to spend around $500 billion during this period, with a focus on expanding domestic manufacturing.
Huang highlighted that Nvidia can now produce its latest systems in the US through suppliers such as TSMC and Foxconn, boosting supply chain resilience.
He also pointed to rising competition from Chinese tech firms, including Huawei.
The revelation comes as Nvidia looks to reassure investors about sustained demand for its high-end AI chips, following the emergence of rival technology from China’s DeepSeek.
Huang recently told analysts that demand for Nvidia’s Blackwell chips may be higher than expected, with orders from major cloud providers not yet factoring in additional buyers like Meta and startups.
Ahead of the bell, the shares were up 1.3% at $119.09, for a combined 3.1% over the two sessions. The business is valued at $2.88 trillion.