Nvidia’s Jensen Huang Reportedly Met With Trump Ahead Of Beijing Trip As World’s Most Valued Company Readies New China-Focused Chip

The meeting assumes importance as Nvidia has been handicapped by the Trump administration’s decision to expand China chip restrictions.

Nvidia (NVDA) CEO Jensen Huang reportedly stopped by Washington, D.C., and met with President Donald Trump on Thursday before heading to China, although details of what transpired between the two aren’t available.

Bloomberg first reported the planned visit on Thursday morning, and subsequently, other media outlets confirmed the meeting. 

Nvidia stock showed a muted reaction to the news, trading down 0.42% in overnight hours. 

A Financial Times report stated that Huang is set to meet top Chinese leaders during his visit to the country to attend the International Supply Chain Expo, which kicks off in Beijing on Wednesday. 

The meeting assumes importance as Nvidia has been handicapped by the Trump administration’s decision to expand China chip restrictions. In April, the chip curbs put in place by the previous Biden administration were expanded to include the China-specific H20 processors Nvidia had developed to sidestep the ban.

Nvidia said the H20 ban and its tax impact shaved off $4.5 billion from its net income in the first quarter and flagged a $8 billion hit to second-quarter results.

The artificial intelligence (AI) leader is now ready to launch another China-specific chip — a modified Blackwell RTX Pro 6000 processor — that would meet the tighter export rules.

The Nvidia chief has repeatedly decried the ban. Calling the curbs a failure, Huang said in late May that “China has 50% of the world’s AI developers, and it’s important that when they develop on an architecture, they develop on Nvidia, or at least American technology.”

According to the executive, China alone presented a $50 billion opportunity for U.S. tech companies by 2026. If U.S. tech companies are prevented from doing business with China, these dollars will likely be siphoned elsewhere, he said then.

On Stocktwits, retail sentiment toward the Nvidia stock stayed ‘bullish’ (64/100) by late Thursday, and the message volume was at a ‘high’ level.

Retail traders were left guessing what would have transpired at the meeting.

Nvidia stock became the first global company to close with a $4 trillion valuation, rising 0.75% on Thursday.

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