Nvidia Hits Record High on Report Jensen Huang Will Join Trump’s Beijing Trip; Market Value Reaches $5.4 Trillion
Summary
- Nvidia shares hit an all-time high after reports that Chief Executive Officer Jensen Huang will join President Trump’s trip to China.
- Nvidia rose above $224.15 intraday, lifting its market capitalization to $5.4 trillion.
- Trump’s business delegation to China also includes prominent U.S. business leaders such as Elon Musk and Tim Cook, along with Huang.
Forecast Trend Report by Period
Nvidia shares rose to a record high after reports that Chief Executive Officer Jensen Huang will join President Donald Trump’s trip to China.
Cointelegraph reported on May 13 that Nvidia climbed above $224.15 intraday after news broke that Huang would join Trump’s business delegation to Beijing. The company’s market capitalization also surged to $5.4 trillion.
Trump made a last-minute request for Huang to join the visit, Bloomberg reported, citing people familiar with the matter. Huang was not included on the list of business leaders traveling with the president that the White House released earlier this week.
The business delegation to China also includes Tesla Chief Executive Officer Elon Musk and Apple Chief Executive Officer Tim Cook, according to the report.
Trump is scheduled to hold a summit with Chinese President Xi Jinping in Beijing on May 14 and 15.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
