AI
Nvidia Shares Soar as Trump Fuels Hopes of China Blackwell Sales
Nvidia CEO Jensen Huang during a company conference in Washington on Tuesday.
Photographer: Kent Nishimura/Bloomberg
Nvidia Corp.’s shares extended their dramatic ascent to a record after US President Donald Trump said he’ll discuss the chipmaker’s Blackwell artificial intelligence processors with Chinese leader Xi Jinping, making the company the first $5 trillion business by market value.
“We’ll be speaking about Blackwells,” Trump said Wednesday, ahead of his highly anticipated meeting with Xi later this week. He touted the chip as “super duper” and said Nvidia Chief Executive Officer Jensen Huang recently brought a version of the accelerator to the Oval Office.