Catenaa, Wednesday, October 29, 2025- Nvidia became the first company valued at $5 trillion on Wednesday after US President Donald Trump said he’ll discuss the chipmaker’s Blackwell AI processors with Xi Jinping.
“We’ll be speaking about Blackwells,” Trump said Wednesday, ahead of his highly anticipated meeting with Xi later this week.
He touted the chip as “super duper” and said Nvidia Chief Executive Officer Jensen Huang recently brought a version of the accelerator to the Oval Office.
Trump said months ago he’d consider allowing Nvidia to export to China a downgraded version of its Blackwell processor.
That would mark a major win for the world’s biggest company by market value, a significant concession to Beijing, and an upheaval of Washington’s yearslong campaign to curtail China’s prowess in artificial intelligence.
The president’s comments fueled investor hopes that such a deal might be on the table this week, as Trump looks to strike a sweeping accord with Beijing and ratchet down weeks of escalating trade tensions between the world’s two largest economies.
Nvidia stock rose by 4% to $208.5 on Wednesday, giving the company a market value of $5.07 trillion.
Trump’s comments added momentum to the shares, already on a tear after a flurry of developments that underscored growing optimism around the global AI infrastructure boom.
Those included earnings that exceeded even lofty expectations, Nvidia’s own bullish outlook for chip demand, and a spate of deals the company announced during a high-profile conference in Washington this week.
But perhaps most crucial to investors is whether Nvidia gains increased access to China, the world’s largest market for its products and an increasingly sophisticated developer of chips and AI in its own right.
Nvidia has faced an effective ban on selling its best AI hardware to customers in the Asian country since 2022, restrictions imposed over fears that those semiconductors could lend Beijing a military edge.
Huang has said those rules, which US policymakers ratcheted up several times, have driven Nvidia’s market share in China from a 95% peak to zero.
