Key Takeaways
- Shares of Nvidia advanced more than 2% Thursday following confirmation that Jensen Huang will accompany Trump to China
- President Trump’s Beijing meeting with Xi Jinping is scheduled for May 14–15, focusing on trade and technology issues
- Export restrictions have reduced Nvidia’s market share in China’s AI accelerator sector to zero percent
- Other corporate leaders from Apple, Boeing, Qualcomm, Citigroup, Blackstone, and Visa have reportedly received invitations
- Achieving Nvidia’s $1 trillion revenue target by 2027 may require renewed access to Chinese customers
Shares of Nvidia experienced a notable uptick on Thursday, gaining over 2% during afternoon trading as word spread that CEO Jensen Huang would accompany President Donald Trump on a diplomatic visit to China scheduled for next week.
The President is set to convene with Chinese President Xi Jinping in Beijing across two days, May 14 and 15. Discussions are anticipated to address ongoing trade tensions, technology transfer concerns, and critical mineral supplies including rare earth elements.
Market participants interpreted the development as a promising signal that Nvidia might regain entry into China’s artificial intelligence chip sector, a market from which the chipmaker has been effectively barred in recent years.
Reporting from Semafor indicates that the Trump White House has extended invitations to senior executives from multiple major corporations, including Apple, Boeing, Exxon, Qualcomm, Blackstone, Citigroup, and Visa.
A Qualcomm spokesperson acknowledged receiving the invitation but offered no additional details. Sources with knowledge of the matter confirmed that Citigroup’s CEO Jane Fraser also received an invitation.
Representatives from the White House, Nvidia, Apple, and Visa did not provide responses to media inquiries. Both Blackstone and Boeing representatives declined to offer statements.
U.S. Export Controls Erase Nvidia’s Chinese AI Chip Presence
Merely days before news of the diplomatic trip surfaced, Huang acknowledged during public remarks that Nvidia’s share of China’s artificial intelligence GPU marketplace has fallen to zero. This dramatic decline stems directly from escalating U.S. export controls on advanced semiconductor technology.
These regulatory constraints initially took effect in October 2022 under previous administrations and have remained in force. The underlying policy objective has been restricting Beijing’s acquisition of technologies with potential military or surveillance applications.
In April 2025, the Trump administration implemented an indefinite prohibition on shipments of Nvidia’s H20 accelerator chips to mainland China, Hong Kong, and Macau. This development 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 chips to Chinese customers under certain restrictions. Nevertheless, several members of Congress have expressed opposition to even these limited exemptions.
Additional Export Restrictions May Be Coming
Government officials are reportedly developing new regulations that would mandate federal approval for AI chip exports to virtually all international destinations, extending far beyond China alone. Such requirements would introduce additional complications for Nvidia’s worldwide distribution strategy.
Nvidia has publicly stated its ambition to reach annual revenues of at least $1 trillion by 2027. Recovering even a fraction of the Chinese marketplace would represent significant progress toward achieving that ambitious financial milestone.
Boeing similarly has considerable interest in the outcome of Trump’s China visit. CEO Kelly Ortberg indicated to Reuters in April that the aerospace manufacturer is counting on administration support to finalize a substantial aircraft purchase agreement with Chinese carriers.
Industry analysts suggest the prospective transaction could encompass approximately 500 Boeing 737 MAX aircraft along with numerous widebody planes. If completed, it would mark China’s first major Boeing procurement since 2017.
Wall Street analysts maintain a Strong Buy consensus recommendation on Nvidia stock, with 40 Buy ratings, one Hold rating, and one Sell rating issued over the trailing three-month period. The consensus price target of $274.38 suggests approximately 29% upside potential from present trading levels.
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