During a speech to mark the unveiling of his new AI Action Plan, Donald Trump revealed that he suggested simply breaking up Nvidia, despite appearing to have never heard of the company or its CEO, Jensen Huang.
Trump made the remarks on stage at an AI summit in Washington, D.C., as he unveiled the United States’ new AI Action Plan.
The President made reference and gave thanks to some of AI’s top industry leaders, “And a very special thanks to some of the top industry leaders here, including somebody that’s amazing,” he said, alluding to Huang.
You’re still way off the mark, here. Market cap is the total value of their stock shares on the market at the current stock price. It has zero relation to GDP, which is meant to represent the value of actual goods and services produced. For that, you need to look at their actual revenues. In 2024, Nvidia had total revenues of about $61B. That’s about 0.2% of the US GDP. Which is still massive, but nothing like what you’re suggesting.
Thanks, it’s frustrating how people seem to constantly confuse a static value with a yearly flow.
Same thing happens when talking about networth vs income.