Key Points Investors have been worried about a slowdown in AI adoption. Nvidia dispelled some of those fears at the company's annual GTC conference. Positive sentiment from Wall Street and the White House helped fuel today's rise. 10 stocks we like better than Nvidia › Shares of Nvidia (NASDAQ: NVDA) charged sharply higher Wednesday, climbing as much as 5.6%. As of 11:41 a.m. ET, the stock was still up 3.9%. The artificial intelligence (AI) chipmaker unveiled a host of developments during the ke ...

Core Insights - U.S. President Donald Trump plans to discuss Nvidia's advanced AI chips, specifically the Blackwell architecture, with Chinese President Xi Jinping during their upcoming meeting [1][2] - Nvidia's Blackwell chips, particularly the GB200 Grace Blackwell Superchip, are touted as being a decade ahead of competitors in the AI chip market [2][3] - The discussion comes amid Nvidia's challenges in accessing the Chinese market due to export controls and recent actions by Beijing to prevent imports of Nvidia's chips [3][4] Company Insights - Nvidia's Blackwell architecture represents its latest generation of AI chips, which are essential for training and running large language models [2] - The company has faced restrictions on selling its most advanced AI chips to China, although some restrictions were rolled back in July for its H20 chips [3] - Nvidia's CEO indicated that the company is currently "100% out of China" and has no market share there, highlighting the significant impact of geopolitical tensions on its business [4] Industry Insights - The AI chip market is highly competitive, with Nvidia claiming a technological lead over other companies [2][3] - The situation reflects broader trade dynamics between the U.S. and China, with Nvidia's access to the Chinese market potentially being used as leverage in negotiations [4]