Nvidia stock slipped to $110.54 on Monday, losing 0.35%, just after the company said it’s spending $500 billion to move its AI chip and supercomputer production fully into the United States.

The drop came even as tech shares were rising across the board thanks to Trump’s surprise tariff exemption, which pushed major indexes up.

Anyway, in its announcement, Nvidia said it’s building and testing its Blackwell chips in Arizona and AI supercomputers in Texas using over 1 million square feet of factory space. It’s the first time Nvidia will produce its entire AI systems on American soil.

Nvidia begins full-scale U.S. chip and supercomputer manufacturing

Nvidia has already started production of Blackwell AI chips at TSMC’s plants in Phoenix, Arizona. It’s now working with Foxconn to build supercomputer factories in Houston, and with Wistron in Dallas. Mass production in both Texas plants is expected to begin over the next 12 to 15 months, according to the company.

To finish the job, Nvidia brought in Amkor and SPIL to handle packaging and testing of chips in Arizona. All these companies are working together to build a supply chain that can handle the complicated manufacturing process needed for AI chips and supercomputers, which include advanced steps like assembly, packaging, and testing.

Over the next four years, the company plans to build $500 billion worth of AI infrastructure in the U.S. with these partners: TSMC, Foxconn, Wistron, Amkor, and SPIL. All five companies are increasing their collaboration with Nvidia, expanding operations, and locking in a stronger, domestic production line.

The new systems are not just random computers. These are AI supercomputers meant to power a new kind of data center built just for artificial intelligence. Nvidia calls them AI factories, and said it expects dozens of gigawatt-scale factories to be built in the U.S. in the coming years.

The company said this massive shift to domestic manufacturing will support hundreds of thousands of U.S. jobs and help generate trillions of dollars in economic impact over time. These AI supercomputers, once operational, will run machine learning models at insane scale, creating what Nvidia says is the foundation for a new AI economy.

Jensen Huang, Nvidia’s founder and CEO, said, “The engines of the world’s AI infrastructure are being built in the United States for the first time. Adding American manufacturing helps us better meet the incredible and growing demand for AI chips and supercomputers, strengthens our supply chain and boosts our resiliency.”

Despite all that noise, Wall Street didn’t care. Nvidia shares still dropped on the day. Meanwhile, the Dow Jones jumped 312.08 points to close at 40,524.79, the Nasdaq added 0.64%, finishing at 16,831.48, and the S&P 500 rose 0.79% to 5,405.97. All three indexes were swinging back and forth during the day, but ended higher after Trump’s tariff decision gave tech names a boost.

Nvidia stood alone, sliding while others climbed.

Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now