China -USA talks looms as Nvidia Chief heads to washingtom

Nvidia Chief Executive Jensen Huang was headed to Washington to deliver the keynote address at Nvidia’s GTC ahead of a key meeting between President Donald Trump and China’s Xi Jinping. Huang has previously said Nvidia needs $50 billion in China chip sales to fund its research and development in the U.S.Nvidia stock recently got a boost after its chip manufacturer, Taiwan SemiconductorTSM, beat analysts’ views for its third quarter. Also, midpoint sales guidance for the current quarter of $32.8 billion exceeded Wall Street’s $31.55 billion target.Nvidia stockNVDA extended its recent run on Tuesday, with the stock market advancing on a potential trade agreement between the U.S. and China. Did Trump underate the power of China ?