Nvidia CEO Jensen Huang is scheduled to meet with President Donald Trump at the White House on Thursday, according to CNBC. The meeting follows Nvidia’s historic achievement of becoming the first company to close a trading day with a market cap above $4 trillion, surpassing Apple and Microsoft. Trump praised Nvidia stock on Truth Social, crediting tariffs for its rise. Nvidia declined to comment on the purpose of Huang’s meeting with Trump. The company has been dealing with Trump-era export controls that blocked its H20 AI chip sales to China and forced it to cancel $8 billion in planned orders. Huang recently told investors the $50 billion China market is now “effectively closed” to U.S. firms. The Trump administration also scrapped Biden’s “AI diffusion rule” and is expected to announce new restrictions later this year.
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00:03NVIDIA CEO Jensen Huang is scheduled to meet with President Donald Trump at the White House on Thursday, according to CNBC.
00:08The meeting follows NVIDIA's historic achievement of becoming the first company to close a trading day with a market cap above $4 trillion, surpassing Apple and Microsoft.
00:16Trump praised NVIDIA stock on Truth Social, crediting tariffs for its rise.
00:20NVIDIA declined to comment on the purpose of Huang's meeting with Trump.
00:23The company has been dealing with Trump-era export controls that blocked its H20AI chip sales to China and forced it to cancel $8 billion in planned orders.
00:32Huang recently told investors the $50 billion China market is now effectively closed to U.S. firms.
00:38The Trump administration also scrapped Biden's AI diffusion rule and is expected to announce new restrictions later this year.
