Core Insights - Nvidia became the first company to achieve a market valuation exceeding $5 trillion at the start of trading and maintained it through the close, driven by optimism regarding sales prospects in China following comments from President Trump [1][3]. Company Developments - President Trump indicated a discussion with Nvidia CEO Jensen Huang regarding the company's AI chips, specifically the Blackwell series, which may receive export approval to China [2]. - Nvidia reported no sales of its earlier-generation H20 chips to China in its latest quarterly report, despite a deal with the White House allowing H20 chip exports in exchange for a 15% revenue cut, which has not yet been formalized [3]. - The company's stock experienced a 5% increase on Tuesday, following multiple announcements at its GTC event, including collaborations with the US Department of Energy to build seven new supercomputers utilizing 10,000 Blackwell GPUs [3][4]. Strategic Partnerships - Nvidia announced partnerships with Uber to develop self-driving cars, Eli Lilly for GPU sales, and Nokia for next-generation 6G technology [4]. - Additional collaborations were revealed with Palantir and Oracle, as well as telecom companies like Cisco and T-Mobile for wireless 6G development [5]. Financial Projections - Nvidia's CEO projected $500 billion in GPU sales by the end of 2026, with total revenue exceeding $100 billion in the first two quarters of the current year [6]. - The company's stock has surged over 50% this year and more than doubled since its lows in April, coinciding with broader market gains, including a record high for the S&P 500 [6].