Nvidia: Trump, China, and a new market cap record

Jensen Huang revealed the impact of export restrictions on Nvidia's revenue from China; Trump promised to address the issue, and the stock surged to a market cap record of $5 trillion.

By the SpyStocks desk · · 1 min read

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Good morning friends

Morning update - what's happening in the markets?

Yesterday, when Jensen Huang spoke with journalists after his huge opening speech at the GTC conference, he was asked about Nvidia's situation in China.

Jensen explained that currently Nvidia has zero revenue from China due to strict export restrictions.

That is, the huge order forecast of over half a trillion dollars for the next five quarters does not include China!

Jensen said, if China reopens for Nvidia's chips, it will be huge!

And guess what happened last night?

Who else but Trump, who loves Jensen Huang, maybe a bit too much, tells reporters he is going to talk with China about Nvidia's Blackwell chip, and he is sure he will reach a good agreement with China.

In response, Nvidia's stock rises another about 2.5% in after-hours trading.

and thereby conquers another record - the first company to reach a market cap of $5 trillion.

Good intel travels.

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