Overview
- Nvidia, which rose about 3% Wednesday, crossed $5.5 trillion in market value to set a new all‑time record for a public company.
- Shares climbed after reports confirmed CEO Jensen Huang is joining President Trump’s delegation to China, though no policy change has been announced.
- Nvidia says revenue from China is effectively zero because of U.S. limits on advanced chip exports, and it expects about $5.5 billion in related charges.
- Prediction markets now assign strong odds that Nvidia will be the largest company by June 30, with several trackers showing readings above 80% YES.
- Apple also notched record highs on a strong Q2, with revenue up 17% and iPhone sales in China up 20%, underscoring how policy risk is hitting tech companies unevenly.