Nvidia's Huang seen entering White House

Nvidia's Huang seen entering White House

Nvidia CEO Jensen Huang is scheduled to meet with President Trump at the White House on Thursday, ahead of his upcoming meetings with senior Chinese officials. This meeting comes amidst ongoing tensions between the United States and China over access to advanced AI technology.

The meeting follows Nvidia's recent market cap milestone, becoming the first company to close a trading day with a market cap over $4 trillion [3]. This significant achievement coincides with the company's ongoing struggles with export controls on its AI chips, implemented by the Trump administration in April for national security reasons [3].

The export controls have effectively cut off Nvidia's sales to China, with the company reporting a potential loss of $8 billion in planned orders for the H20 processor in its July quarter [3]. Despite these challenges, Nvidia's stock has seen a 47% increase since the implementation of Trump's tariffs [3].

Meanwhile, China continues to press ahead with its AI ambitions, with reports indicating plans for massive data centers to house over 115,000 high-end Nvidia AI GPUs in Yiwu [2]. The country is exploring alternative sources to acquire these chips, given the U.S. restrictions, and may even consider developing its own AI chips to fill its data centers [2].

The meeting between Huang and Trump is expected to address these ongoing issues and potential solutions. The outcome of this meeting could have significant implications for both Nvidia's operations and the broader AI landscape.

References:
[1] https://seekingalpha.com/news/4466594-nvidia-ceo-jensen-huang-meets-trump-white-house
[2] https://www.pcgamer.com/hardware/china-is-building-data-centres-to-house-over-115-000-high-end-nvidia-ai-gpus-despite-trumps-ban-on-selling-the-tech/
[3] https://www.cnbc.com/2025/07/10/nvidia-jensen-huang-donald-trump-4-trillion.html