Wall Street Breakfast Trump taps tech elite for science council
Mar 25, 2026
Discussion of a new presidential tech advisory council and plans to expand its membership. NVIDIA's reaction and the push to keep U.S. leadership in AI are highlighted. Memory chip stocks dip after Google unveils memory-saving AI algorithms. Corporate news includes Chewy's mixed financial report and Meta tying executive rewards to lofty valuation targets. BlackRock commentary on private credit constraints is also covered.
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Tech Titans Join White House Science Council
- President Donald Trump appointed major tech leaders to a new science and technology council to advise on emerging tech and workforce benefits.
- Appointees include Mark Zuckerberg, Larry Ellison, Jensen Huang, Lisa Su, and Sergey Brin, with 13 named and up to 24 expected.
NVIDIA Backs Council As AI Leadership Catalyst
- NVIDIA publicly welcomed the council and framed its role as advancing American leadership in AI through collaboration.
- The company highlighted cooperation between researchers, developers, and industry as key to that leadership.
Google Algorithm Changes Pressure Memory Stocks
- Memory chip stocks fell after Google introduced algorithms that cut memory needed for large language models and vector search.
- Impact hit names like Micron, Western Digital, Seagate, and SanDisk as investors priced lower future demand.