Before coming to China, Jensen Huang met with Trump
This meeting comes as NVIDIA becomes the first company to surpass a market value of $4 trillion, with Trump praising NVIDIA's stock price increase. Sources reveal that the specific agenda for Jensen Huang's meeting with Trump has not been disclosed. Jensen Huang has been a frequent visitor to the Chinese market and has publicly expressed the necessity for American companies to enter the world's largest semiconductor market
According to reports, NVIDIA CEO Jensen Huang met with U.S. President Trump at the White House on Thursday, a day before the head of the world's largest chip manufacturer planned to visit China.
On July 11, according to Global Times citing reports from Reuters and Bloomberg, sources revealed that Jensen Huang would meet with President Trump at the White House on the 10th local time, and then depart for China the following day. The specific agenda for Huang's meeting with Trump has not yet been disclosed.
According to Global Times, Ministry of Commerce spokesperson He Yongqian responded to questions about Huang's planned visit to China and meetings with senior officials including Minister Wang Wentao at a routine press conference on Thursday, stating that there is currently no information available to provide.
Reports indicate that Huang has been a frequent visitor to the Chinese market and has publicly expressed the necessity for U.S. companies to enter the world's largest semiconductor market. He has previously called for the easing of U.S. technology export restrictions.
NVIDIA's Market Value Surpasses Historic High
Huang's meeting with Trump coincides with NVIDIA becoming the first company to surpass a market value of $4 trillion. Investors continue to show enthusiasm for the AI boom, driving up stock prices across the technology sector.
Earlier on Thursday, Trump mentioned NVIDIA's soaring stock price in a social media post, citing the tech stock boom as one of the reasons the Federal Reserve should lower interest rates. He wrote:
"Tech stocks, industrial stocks, and the Nasdaq have reached all-time highs! Cryptocurrency is 'skyrocketing.' NVIDIA has risen 47% since Trump's tariff policy."
According to a Wall Street Journal article, on Thursday, both the S&P and Nasdaq reached new highs, with NVIDIA hitting new highs for three consecutive days, becoming the first company to reach a market value of $4 trillion.
Export Controls Have Significant Impact on Performance
U.S. restrictions have had a substantial impact on NVIDIA's performance.
A previous article from Wall Street Journal mentioned that due to export controls, NVIDIA expects a revenue decrease of $8 billion in the second quarter. This highlights the importance of the world's largest semiconductor market to NVIDIA's business.
It is predicted that tech giants such as Microsoft, Meta, Amazon, and Alphabet will invest approximately $350 billion in capital expenditures in the upcoming fiscal year, further underscoring the enormous demand for AI infrastructure in the market. This creates a vast market prospect for AI chip manufacturers like NVIDIA.
NVIDIA dominates the AI chip market, with its products widely used in machine learning and artificial intelligence development. As the global AI race intensifies, access to advanced chip technology has become a key factor in the technological development of various countries
