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According to CNBC, Nvidia's CEO Jensen Huang will meet with former President Trump at the White House in the near future. The meeting is highly notable because Nvidia's market value has recently surpassed $4 trillion for the first time, becoming the world's most valuable company, surpassing Apple and Microsoft.
Trump praised this on social media, pointing out that tech stocks, industrial stocks, and the Nasdaq index have all reached record highs. He mentioned that since implementing tariff policies, Nvidia's stock price has risen by 47%, while the US has earned billions of dollars in revenue through tariffs. He emphasized, "The country is back, and this is a huge achievement!" Trump also called on the Federal Reserve to lower interest rates as soon as possible to reflect the current strong economic momentum, stating that the US should be at the top of the global economic list and that there is currently no inflation issue.
However, Nvidia's representatives have not commented on the specific details of the meeting. It is worth noting that Nvidia is currently facing some challenges, mainly due to the Trump administration's export restrictions on its artificial intelligence chips in April, citing national security concerns. This policy requires Nvidia to apply for an export license for the H20 processor, which was originally designed for the Chinese market, effectively cutting off Nvidia's sales to China and leading to an estimated loss of up to $8 billion in orders in the coming quarters.
Jensen Huang stated during the May earnings call that the closure of the Chinese market will have a profound impact on the entire US industry. In addition, the Trump administration plans to update the restrictions on which countries can access Nvidia's technology, replacing the "AI diffusion rules" proposed by the Biden administration. This meeting may provide new insights and directions for the challenges Nvidia is facing.
Whether this meeting will bring a turning point for Nvidia's future development is closely watched by the industry.
Key Points:
🌟 Nvidia's market value has exceeded $4 trillion for the first time, becoming the world's most valuable company.
🤝 The meeting between Jensen Huang and Trump has raised attention on the future of tech stocks.
📉 Nvidia faces export control challenges and is expected to lose a large number of orders.
