Nvidia CEO Jensen Huang accompanied President Trump to Beijing on Wednesday for meetings with President Xi Jinping. The visit fueled investor optimism for a breakthrough regarding U.S. export policies on high-performance AI chips like the Nvidia H200.
Shares of Nvidia (NVDA), Advanced Micro Devices (AMD), and Micron Technology (MU) all traded higher following the news. This semiconductor rally lifted the Nasdaq, which outperformed other major indices despite discouraging wholesale inflation data.
Investors are monitoring the diplomatic mission for policy shifts that could impact the global semiconductor supply chain. The event underscores the growing link between technology leadership and geopolitical strategy.