Nvidia stock rallied 3% after Trump mentioned Blackwell chip. Trump has suggested he was open to providing China with access to Nvidia’s Blackwell AI processor as part of a trade deal, which would represent a major concession and rile up national security hawks in Washington.
“We’ll be speaking about Blackwells,” Trump said, touting the chip as “super duper” and years ahead of what was currently available from other countries. He said Nividia CEO Jensen Huang had recently brought a version of the chip to the Oval Office for him to see.
AI bellwether Nvidia’s shares extended gains to 8.5% in Asian trading on the alternative platform Blue Ocean, signaling potential further gains when US markets open.