Even if Trump announces new recent tariff actions, the S&P 500 and NASDAQ have records nearby.
Angelo Zino, technology analyst at CFRA Research, said:
While Nvidia still faces US export controls to China and broader tariff uncertainty, the company's deal to build AI infrastructure in Saudi Arabia during its May visit to Trump state showed that Trump's trade policy also has potential benefits.
“We've seen an administration using nvidia chips as a negotiation chip,” says Zino.
I'm strong in 2026
Nvidia's latest surge against 4T shows a new threshold with a fairly consistent rise over the past two years, as AI enthusiasm has been built.
So far, in 2025, the company's shares rose 20%, while NASDAQ has won 6%.
Taiwan-born Huang surprised investors with a series of advances, including its core product: Graphic Processing Units (GPUs). It is the foundation of many generation AI programs pursued across the technology sector, and is the cutting edge domains of autonomous driving, robotics and other.
The company has also announced new advancements in recent months, highlighting the Blackwell system. Huang said quickly that in March, Huang will allow all productions to “become a life-growth before they are physically realized.”
However, Nvidia's winning streak was challenged in early 2025, following a revelation about China's Deepseek venture, prompting concerns that AI investment growth would slow down. The company lost around US$600 million in market valuation during this period.
Nvidia's Huang has welcomed Deepseek as a growing technology presence, opposed to US export constraints.
In the most recent quarter, NVIDIA reported revenue of around US$1.9 billion despite a US$4.5 billion hit from US export controls designed to limit sales of cutting-edge technology to China.
The first quarter revenue period also revealed that AI momentum remains strong across the high-tech industry. Many of the biggest tech companies in Microsoft, Google, Amazon and Meta compete against each other to win AI races in multi-billion dollar races.
A recent UBS survey of technology executives showed that Nvidia is expanding its lead over its rivals.
Zino said Nvidia's latest surge reflects Deepseek's full understanding of not being a threat to Nvidia's business, but rather a stimulant for investment in complex inference models.
Nvidia is at the forefront of “AI agents,” he said, and the current focus is on the generator AI that machines can reason and infer than in the past.
“Overall, these more complex inference models improved the demand situation in 2026,” says Zino.
– Agence France-Presse
