Nvidia and semiconductor stocks rallied on May 13, 2026, during a high-stakes summit between U.S. President Trump and Chinese President Xi Jinping in Beijing. Nvidia shares gained over 2% as investors reacted to the diplomatic talks. This rally helped lift the Nasdaq Composite despite the release of strong inflation data the same day.
Nvidia CEO Jensen Huang joined the U.S. delegation following a personal invitation from the president. Markets interpreted the inclusion of tech executives as a signal that easing chip export controls would be a primary discussion topic. Investors now anticipate a potential thaw in U.S.-China tech relations and a reduction in stringent trade restrictions.