White House scraps a meeting of its tech advisory panel that includes Huang and Zuckerberg after the AI selloff

The Trump administration has postponed a meeting of a high-profile White House technology panel^1,10. The group includes Nvidia Chief Executive Jensen Huang and Meta’s Mark Zuckerberg, an Energy Department spokesperson said^2,11.

The panel also includes AMD Chief Executive Lisa Su, Oracle Chief Technology Officer Larry Ellison and Marc Andreessen, the co-founder of Andreessen Horowitz^3,5,8. Its co-chairs are venture capitalist David Sacks and White House tech adviser Michael Kratsios⁴.

The initial meeting announcement said the panel would advise the president on his new AI agenda^1,12. The postponement was linked to concerns over AI funding and Congress¹⁴.

Why it matters to investors

The delay came after technology shares sold off dramatically on Thursday². The meeting was postponed after what was described as an AI crash¹⁰.

The selloff hit the panel’s members directly. Huang saw his fortune shrink by 9%, or around $15 billion, to $151 billion, as Nvidia’s stock slid 9%¹⁵. Tech titans including Musk and Huang took a combined $150B wealth hit from the AI stock rout¹⁵. Big tech firms that signed an AI deal with Trump also lost value in the rout¹⁶.

The political backdrop has shifted as well. Silicon Valley faces a Democratic reckoning after betting on Trump¹⁷, and Democrats have put tech giants that courted the president at the top of their target list¹⁸. Huang, described as one of Trump’s closest advisers on AI, could now face the same ordeal as other tech leaders, according to one analysis¹⁷.

What to watch

Investors will watch whether the panel reconvenes and whether its members keep their advisory roles as Democrats prepare to take over Congress^17,18.

Andreessen’s agenda for the panel included venture capital for AI startups, the regulation of startups, the treatment of open-source technology and the funding climate⁷. Those topics now sit alongside a market in which AI valuations have come under pressure^10,15.

The panel was set up to advise on the president’s AI agenda¹, and its members run companies whose market values fell sharply in the rout^15,16. The postponement leaves that advisory work on hold while Democrats line up big tech for oversight^14,18. Technology shares had sold off dramatically just a day before the decision was announced².