This meeting coincides with NVIDIA becoming the first company to surpass a market value of $4 trillion, with Trump praising NVIDIA's stock price increase.
Written by: Dong Jing, Wall Street Journal
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 plans to visit China.
On July 11, Global Times cited reports from British Reuters and American Bloomberg, stating that informed sources revealed NVIDIA CEO Jensen Huang would meet with President Trump at the White House on the 10th local time, before departing for China the following day. The specific agenda for Huang's meeting with Trump has not yet been disclosed.
According to the Global Times, Ministry of Commerce spokesperson He Yong responded to questions about Huang's planned visit to China and meetings with senior officials, including Minister Wang Wentao, at a regular press conference on Thursday, 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 American 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 Reaches Historic High
Huang's meeting with Trump comes as NVIDIA becomes 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 tech sector.
Trump mentioned NVIDIA's soaring stock price in a social media post earlier on Thursday, 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 the Wall Street Journal article, on Thursday, both the S&P and Nasdaq hit new highs, with NVIDIA reaching new highs for three consecutive days, becoming the first company to achieve a market value of $4 trillion.
Impact of Export Controls on Performance
U.S. restrictions have had a significant impact on NVIDIA's performance.
Previous articles from the Wall Street Journal mentioned that due to export controls, NVIDIA expects a revenue decrease of $8 billion in the second quarter H20. This highlights the importance of the world's largest semiconductor market to NVIDIA's business.
It is predicted that tech giants like 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 AI development. As the global AI race intensifies, access to advanced chip technology has become a key factor in the technological development of various countries.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
