Nvidia stock rose early Wednesday after President Donald Trump sent another signal to markets that artificial intelligence would be a priority under his new administration.
The absence of Nvidia CEO Jensen Huang at the inauguration Monday stuck out as Big Tech CEOs thronged to the event. The heads of some of the biggest companies in the world all attended: Meta's Mark Zuckerberg, Amazon's Jeff Bezos, Tesla's Elon Musk, Apple's Tim Cook and Alphabet's Sundar Pichai.
Yet, Trump's first days in office saw big gains for Nvidia -- propelling its market value past that of iPhone maker Apple to $3.45 trillion.
Nvidia shares are up 2.8% to $144.80 in premarket trading Wednesday. Shares rose 2.3% Tuesday and are up 4.9% so far in 2025.
The stock move doesn't appear to be linked to any significant policies directly linked to Nvidia, but more about overall sentiment toward AI companies.
Late Tuesday, the White House together with Oracle, OpenAI and SoftBank announced a multibillion-dollar AI infrastructure plan. The joint venture, called Stargate, would start with a new data center in Texas and investments could reach $500 billion over four years.
On Monday, Trump revoked an order requiring AI developers, that pose a risk to national security, to share any results of safety tests with the government before they are disclosed to the public.