Key Highlights
- Nvidia (NVDA) stock advanced more than 2% Thursday following confirmation that CEO Jensen Huang will accompany Trump to China
- President Trump’s scheduled Beijing meetings with Xi Jinping on May 14–15 will address technology and trade tensions
- U.S. export controls have reduced Nvidia’s China AI GPU market share to zero
- Executive delegations from Apple, Boeing, Qualcomm, Citigroup, Blackstone, and Visa have reportedly received invitations
- Nvidia’s ambitious $1 trillion revenue target by 2027 depends heavily on accessing major international markets including China
Shares of Nvidia experienced a notable increase exceeding 2% during Thursday’s trading session after confirmation surfaced that CEO Jensen Huang would participate in President Donald Trump’s diplomatic visit to China scheduled for next week.
President Trump’s diplomatic agenda includes high-level discussions with Chinese President Xi Jinping in Beijing across May 14 and 15. The bilateral summit agenda encompasses trade disagreements, technological cooperation, and critical mineral resources.
Market participants interpreted the development as a promising signal that Nvidia might reclaim entry into China’s artificial intelligence semiconductor market, from which the chipmaker has been effectively excluded for several years.
Based on reporting from Semafor, the administration has extended invitations to senior leadership from Apple, Boeing, Exxon, Qualcomm, Blackstone, Citigroup, and Visa for the diplomatic delegation.
Qualcomm acknowledged receiving the invitation but refrained from providing additional details. Sources with direct knowledge confirmed that Citigroup’s CEO Jane Fraser also received an invitation.
The White House, along with Nvidia, Apple, and Visa, did not provide responses to inquiries. Both Blackstone and Boeing chose not to offer statements.
Export Restrictions Have Eliminated Nvidia’s Chinese Market Presence
Mere days before reports of the diplomatic visit emerged, Huang publicly acknowledged that Nvidia currently commands zero market share in China’s artificial intelligence GPU sector. This dramatic decline stems from stringent U.S. export limitations on advanced semiconductor technology.
These regulatory barriers were initially implemented in October 2022 under previous administrations and have remained in force. The stated objective centers on preventing China from obtaining technology potentially applicable to military applications or surveillance infrastructure.
During April 2025, the Trump administration implemented an indefinite prohibition on exports of Nvidia’s H20 chip series to China, Hong Kong, and Macau. This regulatory action compelled Nvidia to eliminate China-related revenue and profitability forecasts from its financial guidance.
Subsequently, Trump provided conditional authorization for Nvidia to export H200 chips to China under restrictive circumstances. Nevertheless, certain congressional members have expressed opposition to even these limited export permissions.
Additional Export Restrictions Under Development
Government officials are currently developing comprehensive regulations that would mandate federal authorization for AI chip exports to every country worldwide, extending beyond China alone. Such requirements would introduce additional complications for Nvidia’s international business operations.
Nvidia has established an ambitious target of achieving at least $1 trillion in annual revenue by 2027. Recapturing even a portion of Chinese market share would represent a significant contribution toward reaching that milestone.
Boeing similarly has considerable interest in the outcomes of the China visit. CEO Kelly Ortberg informed Reuters in April that the aerospace manufacturer depends on Trump administration support to finalize a substantial pending aircraft order from China.
Industry analysts suggest the prospective agreement could encompass 500 Boeing 737 MAX aircraft alongside numerous widebody planes. This would constitute China’s first major Boeing procurement since 2017.
Within the financial community, Nvidia maintains a Strong Buy consensus among equity analysts, featuring 40 Buy recommendations, one Hold rating, and one Sell rating across the most recent three-month period. The consensus price target of $274.38 suggests approximately 29% appreciation potential from present trading levels.
