Nvidia stock nears $200 ahead of Trump's meeting with Jensen Huang

Core Insights - President Trump announced a meeting with Nvidia CEO Jensen Huang, likely focusing on AI infrastructure and chip production in the U.S. [1][3] - Nvidia's stock rose over 1% in pre-market trading, continuing a five-day upward trend of 4.87% [2] - Trump highlighted Nvidia and Taiwan Semiconductor Manufacturing Company as key players in U.S. chip production, specifically mentioning the "state-of-the-art Blackwell" chip [4] - Both Nvidia and TSMC are reportedly investing hundreds of billions of dollars in the U.S., with potential for increased spending in the near future [5] Company Developments - Jensen Huang is scheduled to deliver a keynote speech in Washington, D.C., with a focus on Nvidia's operations in China [7] - This event marks the first time Nvidia's GTC conference is hosted in Washington, indicating the company's increasing collaboration with government and defense sectors [7]