Key TakeawaysPresident Trump surprised attendees by phoning Nvidia’s Jensen Huang live during his All-In Summit appearance, labeling AI safety concerns a “hoax”The president claimed robots won’t dominate humanity and likened data centers to “the oil of the next two decades”This follows Anthropic CEO Dario Amodei’s public essay calling for slower AI progress, backed by Sam Altman and Elon MuskA deepening divide has emerged between tech leaders advocating for lighter regulation and those emphasizing genuine security threatsDespite semiconductor stocks falling 6%, Mizuho analysts view the decline as an attractive entry point, particularly for Micron and BroadcomDuring a Monday appearance at the All-In Summit in Los Angeles, Nvidia CEO Jensen Huang received an unexpected speakerphone call from President Donald Trump while addressing the audience.PRESIDENT TRUMP CALLED JENSEN HUANG DURING THE ALL IN SUMMIT TO CALLED EVERYTHING A HOAX…What the hell is going on.WOW. pic.twitter.com/DwA8j8y7L6— Just a Dude Who Invests (@DudeWhoInvests) September 14, 2026An attendee captured the approximately five-minute conversation on video, which quickly circulated across social platforms. Summit participants witnessed the unfiltered exchange live.During the conversation, Trump rejected fears surrounding artificial intelligence dangers. “The robots are not going to be taking over the world. That’s not going to happen,” the president stated.He characterized data infrastructure as “the oil of the next 20, 25 years” and expressed full support to Huang, saying “I’m with you all the way.”The president connected resistance to AI advancement with international competition. He claimed detractors were “playing right into the hands” of China and implied political motivations behind certain objections.Huang expressed alignment with Trump’s perspective. The Nvidia chief stated America could maintain AI leadership without compromising security, while challenging the scientific foundation of various industry safety claims.Context: Tech Industry Fractures Over AI DirectionTrump’s intervention followed Anthropic CEO Dario Amodei’s recent essay advocating for reduced AI development velocity. Amodei highlighted concerns about recursive self-improvement capabilities and a troubling AI agent event that elevated risk assessments.Over the preceding weekend, both OpenAI’s Sam Altman and Elon Musk publicly endorsed Amodei’s position on decelerating development timelines.This created a clear opposition between their stance and the views held by Trump, Huang, and Meta’s Mark Zuckerberg, who argue safety anxieties are exaggerated and strict regulations would benefit Chinese competitors.Following the summit, Trump published a Truth Social post branding himself the AI “Hoax Buster.” He characterized resistance to AI expansion and data center growth as “a SICK conspiracy” and directly criticized Amodei.Chip Stocks Tumble as Analysts Identify Value OpportunityThe escalating controversy impacted financial markets. The PHLX Semiconductor Index declined approximately 6%, dragging down numerous chip sector equities.Micron, Broadcom, Lam Research, and Dell experienced significant single-day losses.Mizuho countered the market pessimism. The investment firm characterized the AI-linked semiconductor downturn as excessive and identified it as a strategic buying moment.Mizuho further noted that proposals to decelerate frontier AI research won’t materially impact data center capital expenditures. The firm contended that unilateral regulatory action could inadvertently strengthen Chinese competitive positioning.All-In Summit co-host Chamath Palihapitiya captured the moment’s absurdity on X with a simple observation: “This was surreal.”The post Trump Interrupts Nvidia (NVDA) CEO’s Speech with Live Call Dismissing AI Risks appeared first on Blockonomi.