The post Nvidia stock nears $200 ahead of Trump’s meeting with Jensen Huang appeared on BitcoinEthereumNews.com. President Donald Trump announced on Tuesday, October 28, that he would be meeting with Nvidia (NASDAQ: NVDA) CEO Jensen Huang on Wednesday. The plan was revealed during Trump’s address to business leaders in Tokyo, but it was alluded to last week when the chipmaker said that Huang planned to meet global leaders during the Asia-Pacific Economic Cooperation CEO Summit in South Korea. As a result, Nvidia stock, which was already up 4.87% on the five-day chart, rose more than 1% in pre-market as well, trading at $193.48 at press time. NVDA five-day price. Source: Google Finance American AI infrastructure While the president has provided no official details about tomorrow’s agenda, the context of the announcement makes it very likely that the discussion is going to touch upon the domestic artificial intelligence (AI) infrastructure and chip production. “We’re speeding construction of AI infrastructure and bringing production of the critical chips and semiconductors back on shore. And I want to congratulate Jensen because he’s been really amazing. He’s an amazing guy. Brilliant guy. I’m seeing him tomorrow,” said Trump. During his speech, Trump mentioned both Nvidia and Taiwan Semiconductor Manufacturing Company (NYSE: TSM), which he said were responsible for the “state-of-the-art Blackwell” chip, made entirely in the U.S. He further stressed that the two companies are already spending hundreds of billions of dollars in the U.S., hinting that the spending might actually ramp up in the following months. Jensen Huang himself is set to deliver a keynote speech in Washington, D.C. today, with investors closely watching for news regarding Nvidia’s operations in China. The event also marks the first time Washington has hosted Nvidia’s GTC conference, reflecting the company’s growing engagement with government agencies and defense contractors. Featured image via Shutterstock Source: https://finbold.com/nvidia-stock-nears-200-ahead-of-trumps-meeting-with-jensen-huang/The post Nvidia stock nears $200 ahead of Trump’s meeting with Jensen Huang appeared on BitcoinEthereumNews.com. President Donald Trump announced on Tuesday, October 28, that he would be meeting with Nvidia (NASDAQ: NVDA) CEO Jensen Huang on Wednesday. The plan was revealed during Trump’s address to business leaders in Tokyo, but it was alluded to last week when the chipmaker said that Huang planned to meet global leaders during the Asia-Pacific Economic Cooperation CEO Summit in South Korea. As a result, Nvidia stock, which was already up 4.87% on the five-day chart, rose more than 1% in pre-market as well, trading at $193.48 at press time. NVDA five-day price. Source: Google Finance American AI infrastructure While the president has provided no official details about tomorrow’s agenda, the context of the announcement makes it very likely that the discussion is going to touch upon the domestic artificial intelligence (AI) infrastructure and chip production. “We’re speeding construction of AI infrastructure and bringing production of the critical chips and semiconductors back on shore. And I want to congratulate Jensen because he’s been really amazing. He’s an amazing guy. Brilliant guy. I’m seeing him tomorrow,” said Trump. During his speech, Trump mentioned both Nvidia and Taiwan Semiconductor Manufacturing Company (NYSE: TSM), which he said were responsible for the “state-of-the-art Blackwell” chip, made entirely in the U.S. He further stressed that the two companies are already spending hundreds of billions of dollars in the U.S., hinting that the spending might actually ramp up in the following months. Jensen Huang himself is set to deliver a keynote speech in Washington, D.C. today, with investors closely watching for news regarding Nvidia’s operations in China. The event also marks the first time Washington has hosted Nvidia’s GTC conference, reflecting the company’s growing engagement with government agencies and defense contractors. Featured image via Shutterstock Source: https://finbold.com/nvidia-stock-nears-200-ahead-of-trumps-meeting-with-jensen-huang/

                                                                               Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week.                     Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more