WASHINGTON, 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 chip designer's head plans
to visit China, according to a source familiar with the matter.
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. The meeting was first reported earlier by
Bloomberg.
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 artificial intelligence chipmaker
$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.