Key Takeaways
- Nvidia stock gained more than 2% Thursday following confirmation that CEO Jensen Huang will travel with Trump to China
- President Trump’s Beijing summit with Xi Jinping is scheduled for May 14–15, focusing on trade and technology issues
- Export controls have left Nvidia with 0% market share in China’s AI accelerator sector
- Business leaders from Apple, Boeing, Qualcomm, Citigroup, Blackstone, and Visa have also received invitations
- Nvidia has set an ambitious revenue target of $1 trillion by 2027, making Chinese market access crucial
Shares of Nvidia experienced a notable surge of more than 2% Thursday afternoon following revelations that the company’s CEO, Jensen Huang, would accompany President Donald Trump during next week’s diplomatic trip to China.
The President is set to hold bilateral discussions with Chinese President Xi Jinping in Beijing across two days—May 14 and 15. The agenda reportedly includes contentious issues surrounding trade policy, technological competition, and strategic materials including rare earth elements.
Market participants interpreted the development as potentially opening doors for Nvidia to recapture portions of China’s artificial intelligence semiconductor market, from which the company has been effectively excluded for an extended period.
Reporting from Semafor indicates the Trump administration has extended invitations to top executives from major corporations including Apple, Boeing, Exxon, Qualcomm, Blackstone, Citigroup, and Visa.
Qualcomm acknowledged receiving the invitation but offered no additional details. A source with knowledge of the arrangements confirmed Citigroup’s CEO Jane Fraser is among those invited.
Representatives from the White House, Nvidia, Apple, and Visa did not provide responses to media inquiries. Both Blackstone and Boeing chose not to offer statements.
Export Restrictions Have Eliminated Nvidia’s Chinese AI Chip Presence
Just prior to news of the diplomatic visit, Huang disclosed publicly that Nvidia’s current market penetration in China’s AI graphics processing unit sector stands at exactly zero percent. This situation stems from prolonged U.S. government export limitations on sophisticated semiconductor technology.
These regulatory barriers were initially implemented in October 2022 under previous administrations and have remained in effect. The strategic objective centers on preventing China from obtaining technology with potential military or surveillance applications.
In April 2025, the Trump administration implemented an open-ended prohibition on shipping Nvidia’s H20 processor series to mainland China, Hong Kong, and Macau. This action compelled Nvidia to eliminate China-related revenue and earnings projections from its financial guidance.
Subsequently, Trump granted conditional authorization for Nvidia to ship its H200 processors to China under restricted circumstances. Nevertheless, certain members of Congress have expressed opposition to even these limited permissions.
Additional Export Constraints May Be Forthcoming
Government officials are allegedly developing expanded regulations requiring official authorization for AI semiconductor exports to every nation worldwide, extending beyond China alone. Such measures would introduce additional complications for Nvidia’s international business operations.
Nvidia has publicly stated its objective of achieving a minimum of $1 trillion in yearly revenue by 2027. Reclaiming even a fraction of Chinese demand would represent significant progress toward reaching that ambitious benchmark.
Boeing similarly has considerable interest in the diplomatic mission’s outcome. CEO Kelly Ortberg informed Reuters in April that the aerospace manufacturer is counting on the Trump administration’s assistance to finalize a substantial pending aircraft purchase from China.
Industry analysts suggest the prospective agreement could encompass approximately 500 Boeing 737 MAX aircraft along with numerous widebody planes. This would mark China’s first major Boeing procurement since 2017.
Among Wall Street analysts, Nvidia maintains a Strong Buy consensus rating, with 40 Buy recommendations, one Hold, and one Sell issued within the previous three months. The mean price target of $274.38 suggests approximately 29% potential upside from present trading levels.
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