People familiar with the matter revealed that the executive chief of artificial intelligence (AI) chips, NVIDIA (Nvidia), met with US President Trump in Baigong on the 10th, and set off to China again today. According to Reuters, Huang Rensheng met...
People familiar with the matter revealed that the executive chief of artificial intelligence (AI) chips, NVIDIA (Nvidia), met with US President Trump in Baigong on the 10th, and set off to China again today.
According to Reuters, Huang Rensheng met with Trump, and the market value of NVIDIA closed out exceeded $4 trillion for the first time today, and it is firmly the most sought-after stock on Huaer Street.
The details of the two-party meeting have not been announced yet, and sources declined to disclose the meeting schedule. Bloomberg took the lead in reporting this meeting today. Neither NVIDIA nor White House responded to Reuters' request for comment immediately.
Huang Rensha had previously criticized the export controls implemented by the Trump administration in April, which prevented NVIDIA from selling H20 chips specially built for the Chinese market. Huang Rensha called the Chinese market "a springboard for global success."
The Trump administration's policy of controlling chip exports has caused the artificial intelligence chip manufacturer to lose $2.5 billion in sales in the first quarter and is expected to lose $8 billion in sales in the second quarter.
Extended reading: Huangren Promotion will visit Chinese senior officials and the mainland version of Blackwell chips in September The first Daguan in history! NVIDIA's market value surpasses Apple for the first time, and Microsoft breaks through 4 trillion US dollars
