July 10 (Reuters) - Nvidia ( NVDA ) CEO Jensen Huang
will meet U.S. President Donald Trump at the White House on
Thursday, a day before the former's planned trip to China,
Bloomberg News reported on Thursday.
The meeting with Trump comes as Nvidia's ( NVDA ) market value closed
above $4 trillion for the first time on Thursday, cementing its
status as one of Wall Street's most sought-after stocks.
Details of the discussions between the two were not
immediately available and people familiar with the meeting
declined to elaborate on the agenda, the report said.
Nvidia ( NVDA ) and the White House did not immediately respond to
Reuters requests for comment.
Huang has criticized the export restrictions the Trump
administration imposed in April that stopped Nvidia ( NVDA ) from selling
its H20 chip made for the China market, which he called "a
springboard to global success".
The export curbs cost the AI-chip maker $2.5 billion in
sales during the first quarter and Nvidia ( NVDA ) expects a sales hit of
$8 billion in the second quarter.
Nvidia ( NVDA ) would no longer include the China market in its
revenue and profit forecasts after the stringent U.S. trade
restrictions on chip sales to the region, Huang told CNN in
June.