Nvidia Stock Rises as Huang Rejects New AI Laws, Joins Trump-Xi Dinner, and JPMorgan Sees 25M+ AI Chips

• Nvidia stock rose 0.6% as Jensen Huang prepared to attend the Trump-Xi state dinner later this month
• Huang said the AI industry does not need new laws, arguing existing rules and market pressure are enough
• JP Morgan expects AI-server GPU and ASIC shipments to rise from about 10 million in 2025 to more than 25 million by 2028

Nvidia stock is back in focus after a busy stretch for Jensen Huang that has mixed markets, AI policy, and Washington in the same story. Shares moved slightly higher on Tuesday, while Huang is expected at the Trump-Xi dinner later this month and separately pushed back against calls for new AI-specific laws. The political headlines are getting most of the attention, but a JPMorgan chip forecast has put the firm under the spotlight.

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Nvidia Stock Rises as Jensen Huang Heads to Trump-Xi Dinner

Nvidia closed Tuesday at $212.17, up 0.57%, even as the S&P 500 slipped 0.45%. The stock also traded above $213 in overnight activity after the close.

Amidst this, reports surfaced that Huang is set to attend President Donald Trump’s September 24 state dinner for Chinese President Xi Jinping. Huang also attended a state dinner hosted by Xi for Trump in China earlier this year.

Huang Rejects New AI Laws

Huang’s comments on regulation came separately at Salesforce’s Dreamforce conference. He argued that AI safety can be handled through engineering, existing laws, and market pressure rather than a new layer of AI-specific rules. The Nvidia CEO said,

“We don’t need any new laws. We don’t need new regulations. We just need companies to decide that when [to] run as fast as they can. I think innovation, speed, and safe products … it’s a false choice. You could definitely have both at the same time. So run as fast as you can. But if you feel at any given point in time the company’s out of control, or the product’s not going to be safe, you know, take a pause and make sure you get it right.”

His view sits inside a wider industry debate, with some AI executives calling for stronger safeguards around increasingly capable models.

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JPMorgan Sees AI Chip Shipments Topping 25 Million

The harder number for the Nvidia stock forecast comes from the hardware side. A JPMorgan shipment forecast points to combined GPU and ASIC shipments for AI servers rising from roughly 10 million units in 2025 to more than 25 million in 2028. The chart also shows ASICs taking a larger share by the end of the period.

The 25 million figure is not an Nvidia shipment forecast. JPMorgan Asset Management notes that GPUs are led by Nvidia and AMD, while custom ASICs include Google’s TPUs, Amazon’s Trainium and Microsoft’s Maia.

For Nvidia, AI chips are still moving into a much larger market, but more of that growth may come from custom silicon. The dinner is the headline today. The competitive split inside those future shipments is the number investors will keep watching.

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