Fresh megacaps records are breath-taking as those flowers are just entering into full bloom. The AI-darling Nvidia has to rise to the challenges of Sino-American affairs' adapting to new technologies. However, its share price soared to new all-time peaks when closing the day at as high as $207.04 for the first time ever, up another 2.99% in one session. The stock even traded above $212 at some point before pulling back. Nvidia's rocket took off immediately when the U.S. president Donald Trump mentioned cutting-edge Blackwell chip shipment with Chinese leader Xi Jinping. This step up made Nvidia the first $5 trillion company in the world.

Along with a 7.5% jump on solid quarterly earnings in Google-parent Alphabet (GOOG), which is now a measly $5 shy of $300 per unit, these both improvements pushed the S&P 500 broad barometer to a new historic high of 2,922.13 points in Asian hours today. The Federal Reserve's 0.25% rate cut on Wednesday seems to have been lost amid those more important market drivers.

While Beijing is under-buying U.S. agricultural goods and hampering the expansion of U.S. social media, to say nothing of non-interfering with local businesses from copying know-hows, the Washington White House is responding in kind, refusing to share the latest technological developments of its flagships and setting trade levies. Mr Trump had previously signalled that he might consider allowing Nvidia to export a downgraded version of its latest AI processor. Trump described the Blackwell chip as “super duper” noting that Nvidia CEO Jensen Huang recently brought a version of the accelerator to the Oval Office. “We’ll be speaking about Blackwells,” he has told reporters.

Restrictions on U.S. chip exports to China is the main hurdle for the worldwide triumphal march of generative artificial intelligence, along with still limited capacity of AI consuming companies to turn the use of all these talking chatbots, viral images from neural networks, and business optimization systems into concrete profits. Jensen Huang projected Nvidia will generate $500 billion in GPU sales through 2026. Nvidia announced its work with Uber to develop self-driving vehicles and with Eli Lilly to accelerate drug discovery using 1,000 of its GPUs and tie-ups with Nokia to advance 6G technology. Other AI collaborations were made with Amazon, Foxconn, Caterpillar, Palantir, Oracle, Cisco and T-Mobile. According to Vivek Arya at the Bank of America, the next financial year of 2025/26 is backed by $0.5 trillion+ in orders at conservative price of $25 billion per gigawatt vs. potential for $30 billion+ content, he wrote when justifying his personal price target for Nvidia at $275 per share.