Trump to host Jensen Huang at White House as Nvidia tops $4 trillion market cap

Nvidia CEO Jensen Huang volition conscionable with President Donald Trump astatine the White House connected Thursday, CNBC's Megan Cassella reported.

The gathering comes arsenic Nvidia roseate somewhat connected Thursday, becoming the archetypal institution to adjacent a trading time with a marketplace headdress implicit $4 trillion, beating Apple and Microsoft to the symbolic milestone. Nvidia touched the mark concisely connected Wednesday during trading.

Trump praised Nvidia banal successful a societal media station Thursday morning.

"NVIDIA IS UP 47% SINCE TRUMP TARIFFS. USA is taking successful Hundreds of Billions of Dollars successful Tariffs," Trump posted connected Truth Social. "COUNTRY IS NOW 'BACK.'"

An Nvidia typical declined to comment, and it was unclear what the gathering is about, but Nvidia has been grappling with export controls connected its artificial quality chips implemented by the Trump medication successful April for nationalist information reasons.

At the time, the U.S. authorities told Nvidia that its previously-approved H20 processor — intended exclusively for the Chinese marketplace — would necessitate an export license. Huang antecedently told investors that request efficaciously chopped disconnected Nvidia's income to China with "no grace period." The AI chipmaker said that it would miss $8 cardinal successful planned orders for the spot successful the company's July quarter.

"The $50 cardinal China marketplace is efficaciously closed to U.S. industry," Huang told investors connected an net telephone successful May.

Nvidia besides faces different imaginable regularisation connected AI spot exports aft the Trump medication cancelled a planned regularisation by erstwhile President Joe Biden called the "AI diffusion rule." The Trump medication promised newer, simpler restrictions aboriginal this twelvemonth connected which countries could person Nvidia's technology.

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