Nvidia (NVDA)-backed AI startup to spend billions on Korea data center to combat China, WSJ reports; Trump admin is using AI chips and models as a tool for diplomacy and boosting US allies

This development highlights a significant geopolitical stance, emphasizing AI and semiconductor technologies as critical tools in US foreign policy amid rising competition with China. The investment by Nvidia-backed AI startups in South Korea reflects a broader trend where tech assets are influenced by national security considerations, likely impacting equity markets and particularly the semiconductor sector. Be on the lookout for potential volatility in related currencies and commodities as this situation evolves.