Trump to host Jensen Huang at White House as Nvidia tops $4 trillion market cap
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Nvidia has been grappling with export controls on its AI chips implemented by the Trump administration in April for national security reasons.
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3 min read
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investment
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July 10, 2025
08:22 PM
CNBC
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Nvidia CEO Jensen Huang will meet with President Donald Trump at the White House on Thursday, CNBC's Megan Cassella reported
The meeting comes as Nvidia rose slightly on Thursday, becoming the first company to close a trading day with a market cap over $4 trillion
Nvidia has been grappling with export controls on its AI chips implemented by the Trump administration in April for national security reasons
In this articleNVDA your favorite stocksCREATE FREE ACCOUNTNvidia CEO Jensen Huang ders remarks next to U
President Donald Trump at an ' in America' event in Washington, D. , on April 30, 2025
Leah Millis | ReutersNvidia CEO Jensen Huang will meet with President Donald Trump at the White House on Thursday, CNBC's Megan Cassella reported
The meeting comes as Nvidia rose slightly on Thursday, becoming the first company to close a trading day with a market cap over $4 trillion, beating Apple and Microsoft to the symbolic milestone
Nvidia touched the mark briefly on Wednesday during trading
Trump praised Nvidia stock in a social media post Thursday morning. "NVIDIA IS UP 47% SINCE TRUMP TARIFFS
USA is taking in Hundreds of Billions of Dollars in Tariffs," Trump posted on Truth Social. "COUNTRY IS NOW 'BACK. '"An Nvidia representative declined to, and it was un what the meeting is, but Nvidia has been grappling with export controls on its artificial intelligence chips implemented by the Trump administration in April for national security reasons
Government told Nvidia that its previously-apved H20 cessor — int exclusively for the Chinese market — would require an export license
Huang previously told investors that requirement effectively cut off Nvidia's sales to China with "no grace period. " The AI chipmaker said that it would miss $8 billion in planned orders for the chip in the company's July quarter. "The $50 billion China market is effectively closed to U
Industry," Huang told investors on an earnings call in May
Nvidia also faces another potential restriction on AI chip exports after the Trump administration cancelled a planned rule by former President Joe Biden called the "AI diffusion rule. " The Trump administration mised newer, simpler restrictions later this year on which countries could receive Nvidia's nology
WATCH: Fundstrat's Tom Lee: Nvidia being the most valuable company in the S&P makes a lot of sensewatch now6:3106:31Fundstrat's Tom Lee: Nvidia being the most valuable company in the S&P makes a lot of senseSquawk on the Street.
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