On April 4, according to CNBC, Altimeter Capital CEO Brad Gerstner said on Thursday that he would be coming out of the "shelter" along with Nvidia (NVDA.O) and into a safe position, predicting that this chip maker would be able to withstand Trump’s widespread tariffs. He stated: "The rise and demand for GPUs have broken records." He was referring to Nvidia's graphics processing units, which are driving the artificial intelligence frenzy. He noted that investors just need to listen to comments from OpenAI, Google, and Musk. One important reason Nvidia is likely able to withstand Trump’s tariffs is that semiconductors are on the exemption list; Gerstner believes this is a "reasonable exception" due to the importance of artificial intelligence. Gerstner is concerned that tariffs could lead to an economic downturn, but he is relatively optimistic about Nvidia and said, "The negative impact of tariffs will be much smaller than in other sectors."