Trump China Summit: Nvidia, Apple and Qualcomm CEOs Invited — What Investors Need to Know

TLDR

• Nvidia shares rose over 2% on Thursday after reports CEO Jensen Huang will join Trump’s China trip
• Trump meets Chinese President Xi Jinping in Beijing on May 14–15 to discuss trade and tech
• Nvidia currently holds zero share of China’s AI GPU market due to U.S. export restrictions
• CEOs from Apple, Boeing, Qualcomm, Citigroup, Blackstone, and Visa are also reportedly invited
• Nvidia is targeting $1 trillion in revenue by 2027 and needs access to key markets like China

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Nvidia shares climbed more than 2% on Thursday afternoon after reports emerged that CEO Jensen Huang would join President Donald Trump on an upcoming visit to China next week.

NVIDIA Corporation, NVDA

Trump is scheduled to meet Chinese President Xi Jinping in Beijing on May 14 and 15. The summit is expected to cover trade disputes, technology, and rare earth elements.

Investors saw the news as a potential opportunity for Nvidia to regain access to China’s AI chip market, which the company has been locked out of for years.

According to Semafor, the Trump administration is also inviting executives from Apple, Boeing, Exxon, Qualcomm, Blackstone, Citigroup, and Visa to join the trip.

Qualcomm confirmed it received an invitation but declined to comment further. Citigroup CEO Jane Fraser was also confirmed as an invitee by a person familiar with the matter.

The White House, Nvidia, Apple, and Visa did not respond to requests for comment. Blackstone and Boeing declined to comment.

Nvidia’s China Market Share Has Dropped to Zero

Just days before the trip was reported, Huang said publicly that Nvidia now holds zero share of China’s AI GPU market. This is the result of years of U.S. export restrictions targeting advanced chips.

The restrictions began in October 2022 under prior U.S. administrations and have continued since. The goal has been to limit China’s access to technology that could be used for military or surveillance purposes.

In April 2025, the Trump administration placed an indefinite ban on exports of Nvidia’s H20 chips to China, Hong Kong, and Macau. This forced Nvidia to remove China sales and profit projections from its earnings forecast.

Trump later gave limited approval for Nvidia to export its H200 chips to China under specific conditions. However, some lawmakers have pushed back against even that limited access.

Export Rules Could Tighten Further

Federal officials are reportedly working on new rules that would require government approval for AI chip exports to all countries, not just China. That would add another layer of complexity for Nvidia’s global sales.

Nvidia is targeting at least $1 trillion in annual revenue by 2027. Regaining any portion of the Chinese market would be a meaningful step toward that goal.

Boeing also has a stake in the China trip. CEO Kelly Ortberg told Reuters in April that the company is relying on the Trump administration to help close a long-awaited aircraft order from China.

Industry sources say the potential deal could include 500 Boeing 737 MAX jets plus dozens of widebody aircraft. It would be China’s first major Boeing order since 2017.

On Wall Street, Nvidia holds a Strong Buy consensus rating from analysts, with 40 Buys, one Hold, and one Sell over the past three months. The average price target of $274.38 implies around 29% upside from current levels.

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