Nvidia CEO Jensen Huang will meet with President Donald Trump at the White House on Thursday, as the AI chipmaker becomes the first company to close a trading day with a market cap exceeding $4 trillion. The high-profile meeting comes amid ongoing tensions over export controls on Nvidia’s AI chips that the Trump administration implemented in April, which have effectively cut off the company’s access to China’s lucrative semiconductor market.
What you should know: Nvidia achieved a historic milestone by becoming the first company to close above a $4 trillion market valuation, surpassing Apple and Microsoft.
The big picture: The White House meeting highlights the delicate balance between supporting American AI leadership and managing national security concerns around chip exports.
Why this matters: China represented a massive revenue opportunity for Nvidia, with the company facing significant financial impact from the trade restrictions.
What’s next: Nvidia faces additional uncertainty as the Trump administration plans to implement new AI chip export restrictions later this year.
What they’re saying: An Nvidia representative declined to comment on the meeting’s specific agenda, leaving the discussion topics unclear ahead of Thursday’s White House visit.