"President Trump's delegation to Beijing this week included 17 American chief executives. Fifteen flew commercial or on corporate jets. Two boarded Air Force One: Tesla ( NASDAQ:TSLA | TSLA Price Prediction) CEO Elon Musk and NVIDIA ( NASDAQ:NVDA) CEO Jensen Huang. Huang was a late addition, joining the plane during a refueling stop in Alaska after nearly a year of lobbying Washington and Beijing to ease AI chip export restrictions. The two running the companies most exposed to the US-China technology rivalry, with a combined market capitalization north of $7 trillion, got the seats next to the President."
"The market noticed. NVIDIA closed Wednesday at $225.83, up 9% on the week and 19% over the past month. Tesla rallied 12% in five sessions to $445.27. Polymarket gave NVDA a 81% probability of closing up Thursday and a 97% probability of beating earnings next week. The why-now is sharper for Huang. NVIDIA's Q1 FY27 guidance of roughly $78 billion in revenue explicitly assumes zero data center compute revenue from China, after a $4.5 billion H20 charge earlier in the year wiped out that channel."
"China once accounted for roughly 25% of NVIDIA revenue, and analysts have floated a $50 billion opportunity if restrictions thaw. Washington has already cleared H200 exports to about ten Chinese firms, including Alibaba, Tencent, ByteDance, and JD.com, though deliveries have stalled on review caution. Huang called the meetings "one of the most important summits in human history." Musk's stake is operationally existential. Tesla's Shanghai Gigafactory is its largest production hub, FSD regulatory approval in China is pending, and rare-earth and battery supply chains run through Beijing's permission."
"Xi Jinping told the delegation that China's door would "only open wider" for foreign business. For two CEOs at the President's elbow, that sentence is worth real money. The Hidden Cost US trade policy toward its largest geopolitical rival is now n"
President Trump’s Beijing delegation included 17 American chief executives, with most traveling commercially or on corporate jets. Two CEOs boarded Air Force One: Elon Musk of Tesla and Jensen Huang of NVIDIA, added after Huang joined during a refueling stop in Alaska. Both companies face direct exposure to US-China technology rivalry, with combined market capitalization above $7 trillion. Markets reacted strongly, with NVIDIA and Tesla shares rising on the week and month. NVIDIA’s guidance assumes no data center compute revenue from China after prior export-related charges, while China previously contributed about a quarter of revenue. Tesla’s China operations depend on Shanghai production, pending FSD approvals, and supply chains requiring Beijing permissions. Xi Jinping stated China’s door would open wider for foreign business.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]