Trump hosts Nvidia CEO Jensen Huang at White House

Nvidia CEO Jensen Huang met with President Donald Trump at the White House on Thursday.

The meeting comes with a slight rise of Nvidia on Thursday and became the first company to cover a trading day with a market value above $ 4 trillion. Apple And Microsoft symbolic milestone. Nvidia touched the sign soon after Wednesday.

Trump praised Nvidia shares on a social media post on Thursday morning.

“Nvidia has increased by 47% since Trump tariffs. The US is getting hundreds of billions of dollars.” The truth was sent at Social. “The country is now ‘back.”

A NVIDIA representative refused to comment and was unclear what the meeting was about, but Nvidia is struggling with export controls in artificial intelligence chips implemented by the Trump administration for national security reasons.

At that time, the US government told NVIDIA to tell NVIDIA that the previously approved H20 processor designed for the Chinese market would require an export license. Huang told investors that the requirement had effectively cut Nvidia’s sales to China without “grace duration”. AI chip manufacturer, the company’s July quarter of the planned orders will miss $ 8 billion, he said.

“The $ 50 billion Chinese market is effectively closed to the US industry.” He said.

Nvidia faces another potential restriction in AI chip exports after the cancellation of a planned rule called “AI Difusion Rule” by the former President Joe Biden. The Trump administration has promised new and simpler restrictions that NVIDIA’s technology later this year.

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