China Sales on the Table? Trump Backs $5T Nvidia

As Nvidia celebrated becoming the world’s first $5 trillion company, it received a major boost from President Donald Trump. Trump not only praised CEO Jensen Huang as “incredible” but also suggested he might open the door for chip sales to China, a move that could significantly expand Nvidia’s already massive market.
The President, who disclosed owning up to $1.3 million in Nvidia shares, said he would speak with Chinese President Xi Jinping about allowing a less-powerful version of the Blackwell chip to be sold. This news comes as Nvidia’s stock hit $207.86, cementing its $5.05 trillion valuation.
This valuation is built on the back of the AI boom. Nvidia’s chips are the essential hardware for AI, and the company just logged $500 billion in orders. Its dominance is so great that its $5 trillion value is larger than the individual economies of Japan, India, or the UK.
The company’s momentum is also supported by a series of new partnerships. These include a robotaxi project with Uber, a 6G development deal with Nokia, and a massive $100 billion investment in OpenAI to scale its AI datacenters.
This entire AI-driven rally, which is being called the biggest tech shift since the iPhone, is not without its risks. The Bank of England and the IMF have both warned of a potential tech bubble, fueled by hype. Skeptics point to the high failure rate of corporate AI pilots as a sign that the valuations may be getting ahead of the actual business results.