Nvidia shares surged 3.4% in pre-market trading to $207.86, extending their record-breaking rally after U.S. President Donald Trump revealed plans to discuss the company’s Blackwell AI processors with Chinese President Xi Jinping later this week. The comment fueled optimism that Washington may ease export restrictions on advanced chips to China.
A sustained move above $206 per share would make Nvidia the world’s first $5 trillion company, marking a historic milestone for the semiconductor giant.
Trump told reporters, “We’ll be speaking about Blackwells,” referring to Nvidia’s latest AI processor, which he described as “super duper.” He also noted that Nvidia CEO Jensen Huang had recently brought a version of the accelerator to the Oval Office.
The remarks sparked investor speculation that chip trade could form part of a broader U.S.–China agreement, potentially softening the tech export restrictions that have long strained relations between the two economic powers.
Investor optimism and analyst outlook
According to BofA analyst Vivek Arya, “Investors currently have zero China expectations, while any resolution to trade issues would be incremental.” Arya noted that Nvidia’s strong order book — exceeding $500 billion through 2026 — continues to underpin investor confidence. The analyst raised his price target to $275 per share, citing strong demand visibility and expanding AI content.
AI dominance and global partnerships
Nvidia’s rally comes on the heels of major announcements at its annual GTC conference, where the company revealed collaborations across multiple industries.
- It partnered with the U.S. Department of Energy to build seven new supercomputers, one of which will use 10,000 Blackwell GPUs.
- CEO Jensen Huang projected $500 billion in GPU sales through 2026, highlighting unprecedented AI-driven demand.
- Nvidia is also collaborating with Uber on self-driving vehicles and Eli Lilly on AI-powered drug discovery using 1,000 GPUs.
- Other partnerships include Nokia (6G technology), Palantir, Oracle, Cisco, and T-Mobile on next-generation AI infrastructure.
Additionally, Amazon, Foxconn, Caterpillar, and Belden are adopting Nvidia’s technologies for industrial robotics, while its new NVQLink architecture aims to support quantum supercomputers in partnership with Rigetti and IonQ.
Market context
The chipmaker’s stock has risen sharply following its string of announcements, reinforcing its position at the heart of the global AI revolution. Nvidia’s strong earnings, record order pipeline, and expanding ecosystem continue to attract institutional interest, even as trade policy uncertainty remains.
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