Nvidia Shares Rally After Trump Plans APEC Discussion on AI Chips with Xi Jinping

Nvidia's stock surged following President Donald Trump's announcement that he plans to discuss the company's advanced Blackwell AI chips during his meeting with Chinese President Xi Jinping, highlighting the strategic importance of Nvidia's technology in US-China relations and trade. Trump emphasized that the US is far ahead in chip technology, and he is considering extending access to a limited version of these chips to China, although Beijing responded by banning imports of Nvidia chips. Nvidia CEO Jensen Huang praised President Trump's energy and manufacturing policies at the company's GTC conference in Washington, crediting the administration's pro-energy initiatives and reshoring efforts for enabling the company's growth and US-based chip production. Huang highlighted the critical role of energy in advancing AI technology and thanked the president for putting national weight behind pro-energy growth, which he described as transformative for the industry. The Trump administration has also worked to reduce barriers to new energy projects to support AI data centers, with Energy Secretary Chris Wright proposing measures to facilitate grid connections for these centers. Huang's endorsement of Trump's policies and the strategic discussions about Nvidia's chips underscore the convergence of technology, energy policy, and international trade in the current US administration's agenda.