Written by: Dong Jing, Wall Street Watch
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 was scheduled to visit China.
On July 11, Global Times reported, citing UK Reuters and U.S. Bloomberg, that informed sources revealed Nvidia CEO Jensen Huang would meet with U.S. President Trump at the White House on the 10th local time, and then depart for China the next 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 such as Minister Wang Wentao, stating that there is currently no information available.
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 has surpassed its historical high.
Huang's meeting with Trump comes as Nvidia becomes the first company to exceed a market value of $4 trillion. Investors continue to show enthusiasm for the artificial intelligence boom, driving up stock prices across the tech sector.
Trump mentioned Nvidia's soaring stock price in a social media post earlier on Thursday, citing the prosperity of tech stocks as one of the reasons the Federal Reserve should lower interest rates. He wrote:
"Tech stocks, industrial stocks, and the Nasdaq hit historic highs! Cryptocurrency is 'soaring'. Nvidia has risen 47% since Trump's tariff policy."
According to an article by Wall Street Watch, on Thursday, both the S&P and Nasdaq reached new highs, and Nvidia set a new high for three consecutive days, becoming the first company to reach a market value of $4 trillion.
Export controls have a significant impact on performance.
U.S. restrictions have had a substantial impact on Nvidia's performance.
An earlier article by Wall Street Watch mentioned that due to export controls, Nvidia expects its Q2 H20 revenue to decrease by $8 billion. This highlights the importance of the world's largest semiconductor market to Nvidia's business.
According to forecasts, tech giants such as Microsoft, Meta, Amazon, and Alphabet will invest about $350 billion in capital expenditures in the upcoming fiscal year, further highlighting 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.
