Nvidia Inc. (NASDAQ:NVDA) shares are trading lower Friday, along with the broader semiconductor sector, pulling back after a rally on Thursday that followed strong earnings from Micron Inc (NASDAQ:MU).

What Else: In addition, Nvidia's CEO Jensen Huang recently highlighted nuclear power as a viable option to power the rapidly growing number of data centers needed for artificial intelligence (AI) applications. Speaking in a Bloomberg Television interview, Huang stated that nuclear energy is a key part of the solution to meet the increasing energy demands for data centers, which are crucial for supporting the future of AI computing. He emphasized the importance of utilizing multiple sources of sustainable energy to balance availability, cost and long-term sustainability.

"And, meanwhile, do the best we can to compete in the markets that we serve. We have a lot of customers there that depend on us and we'll do our best to support them." said Huang.

The growing need for renewable energy has been significant in regions where electricity generation struggles to support new data center construction. Nvidia, a leader in AI hardware, faces these challenges as its latest chips—while more power-efficient—require significant energy for operation. Huang also addressed Nvidia's efforts to comply with U.S. government regulations on exports to China while continuing to serve its customers in that region.

NVDA Price Action: Nvidia shares were down by 2.87% at $120.49 at the time of writing, according to Benzinga Pro.

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