Nvidia shares rise after report Huang won’t join Trump in China

Nvidia shares rose about 5% on Monday after reports that Chief Executive Jensen Huang would not travel to Beijing with President Donald Trump for a state visit and summit with Chinese leader Xi Jinping. The stock traded near $222.16 as investors focused on the company’s demand outlook.

Trump is due to arrive in Beijing on May 13, with formal meetings scheduled for May 14 and May 15. The White House has not released a final list of attendees, and the roster of invited chief executives remained fluid in the days before departure.

Huang told investors that Nvidia’s market share for advanced AI accelerators in China has fallen to essentially zero under current U.S. export restrictions. Analysts and portfolio managers say company forecasts and valuations already assume limited revenue from restricted chips in China.

Traders and market participants treated reports of Huang’s absence as secondary to Nvidia’s broader demand picture, noting that a single state-visit appearance would not alter U.S. export policy, which is set by the Commerce Department and Congress.

Confirmed members of the trimmed CEO delegation include Boeing chief Kelly Ortberg and Citigroup chief Jane Fraser. Qualcomm chief Cristiano Amon was expected to attend, and Elon Musk and Apple chief Tim Cook were named among potential participants.

Investors are watching for any post-summit statement that addresses carve-outs or changes to chip export rules. Nvidia’s recent record revenue and continued demand from hyperscale cloud customers remain part of the company’s case for growth, while the China export restrictions have weighed on the stock relative to the broader semiconductor index.