Nvidia Valuation Tops $5.4 Trillion as Jensen Huang Joins Trump’s China Trip

• Nvidia’s valuation rose to a record high, amidst which Trump confirmed Jensen Huang was on Air Force One heading to China
• Investors are watching whether Trump’s China trip could improve Nvidia’s position in the Chinese AI market
• Elon Musk, Tim Cook, Larry Fink, and other CEOs are also part of the US business delegation

Nvidia’s valuation moved above $5.4 trillion this week as President Donald Trump confirmed that CEO Jensen Huang had joined his China delegation. This included Elon Musk, Tim Cook, Larry Fink, and other US business leaders. This update drew attention on Wall Street because Nvidia’s China operations remain tied closely to ongoing US export restrictions on advanced AI chips. Investors have been watching for any signs that trade discussions between the US and China could ease pressure on the company’s access to the Chinese market.

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Trump’s China Delegation Puts Nvidia Back in Focus

Trump confirmed that Jensen Huang was on Air Force One heading to China. This came after an earlier report that suggested the Nvidia CEO had not been invited. Reports later revealed that Trump personally called Huang and asked him to join the trip. Huang flew to Alaska to board the aircraft.

Trump’s China trip includes several major US executives, including Tesla CEO Elon Musk, Apple CEO Tim Cook, Goldman Sachs CEO David Solomon, and BlackRock CEO Larry Fink. In a social media post, Trump said he planned to ask Chinese President Xi Jinping to “open up” China for American businesses.

It should be noted that the trip comes at a sensitive time for Nvidia’s operations in China. The company’s advanced AI chips have faced tighter US export restrictions over the last few years. This is because the US government increased pressure on semiconductor sales to China. Nvidia has continued to seek approvals for some of its AI products. Meanwhile, China has been pushing domestic alternatives through companies like Huawei.

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Is Nvidia Banking on Rising AI Demand?

Nvidia’s valuation has continued climbing as investors keep focusing on companies linked to AI. Nvidia’s shares closed at a record $219.44 on Monday, according to market data. It extended a four-session gain that added roughly $550 billion to the company’s market value.

The company’s valuation is now around $5.4 trillion, higher than the estimated size of India’s stock market, which stood near $4.9 trillion as of May 11.

Part of the recent momentum has come from continued spending on AI computing infrastructure. Earlier this month, CoreWeave announced a $6.5 billion agreement with OpenAI tied to AI model training. CoreWeave has signed more than $22 billion worth of AI-related deals since March 2025, many of which rely on Nvidia GPUs.

Analysts are now watching Nvidia’s upcoming earnings report on May 20 for more updates on AI demand.

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