Nvidia Stock Jumps as Trump Confirms Meeting With CEO Jensen Huang

TLDR

• President Donald Trump will meet with Nvidia CEO Jensen Huang on Wednesday, October 29
• Trump praised Huang during a business reception in Tokyo, calling him “amazing” and “brilliant”
• Trump highlighted that Nvidia and TSMC produced the first Blackwell chip in the U.S. earlier this month
• The president expressed optimism about AI technology and said the U.S. is pursuing an AI policy to stay ahead
• Nvidia stock rose over 1% in pre-market trading to $193.48 following the announcement

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President Donald Trump announced on Tuesday that he will meet with Nvidia CEO Jensen Huang on Wednesday. The announcement came during a reception with business leaders in Tokyo.

The meeting comes as Huang attends the Asia-Pacific Economic Cooperation CEO Summit in South Korea. Nvidia had previously indicated that Huang planned to meet with global leaders during this trip.

The timing of the meeting appears connected to discussions about domestic chip production. Trump specifically mentioned Nvidia’s role in U.S. manufacturing during his Tokyo speech.

NVIDIA Corporation, NVDA

Trump referenced the production of Nvidia’s Blackwell chip in the United States. He noted that Nvidia and Taiwan Semiconductor Manufacturing Company produced the chip domestically earlier this month.

Trump stated that the U.S. is working on an AI policy to maintain its competitive position. He mentioned support from Japanese companies like SoftBank Group in this effort.

Nvidia Stock Response

Nvidia shares responded positively to the news. The stock rose over 1% in pre-market trading to $193.48 on Tuesday.

The stock was already showing strength before the announcement. Nvidia shares were up 4.87% on the five-day chart.

Domestic Chip Production Focus

Trump emphasized the importance of bringing chip production back to American soil. He highlighted ongoing investments by Nvidia and TSMC in U.S. facilities.

The president said both companies are already spending hundreds of billions of dollars in the U.S. He suggested that this spending might increase in coming months.

Huang is scheduled to deliver a keynote speech in Washington, D.C. on Tuesday. Investors are watching for any announcements regarding Nvidia’s operations in China.

The Washington event marks the first time the city has hosted Nvidia’s GTC conference. This represents growing engagement between Nvidia and government agencies.

The meeting between Trump and Huang will likely focus on AI infrastructure development. The discussion may also cover semiconductor manufacturing and domestic production expansion.

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