In 2025, Nvidia is no longer content to be a capitalization machine. The company found another boost, this time political. Donald Trump, despite opposition from part of his own camp, chose to open a very costly door for him.
In brief
- Nvidia saw its capitalization soar and Trump chose to make it a strategic partner, despite resistance in his camp.
- Jensen Huang gained direct access to the White House and weighed in on the battle over chip exports to China.
- This standoff over computing shows how politics drives liquidity and can also influence crypto market narratives.
Nvidia and Trump, an alliance that surprises Washington
Driven by demand for artificial intelligence and its global expansion, Nvidia has seen its capitalization soar towards $4.68 trillion. And at this level, Washington could no longer look away, crypto or not. Until recently, Jensen Huang was almost invisible in the corridors of power. Then everything accelerated, too quickly for the competitors, who are still looking for the formula.
The shift is embodied in an agreement that is simple to summarize and complicated to digest, crypto or not. The White House has validated exports of H200 chips to China, after direct exchanges between Jensen and Trump. And the American state would recover 25% of sales.
Trump had even already said that he had never heard of Nvidia or Jensen. Yet he ended up overriding the voices of his MAGA coalition to let the company move forward. This is not a sentimental gesture. It’s a decision of balance of power, which the markets, crypto included, are taking note.
Jensen Huang, the calm method and direct access
The starting point is a meeting. Howard Lutnick, Secretary of Commerce, serves as a pass. Jensen gets access to the president that's like a direct line, with an implicit promise of full availability.
What is striking is the style. Jensen speaks little, but he establishes logic. Nvidia is presented as a national asset, a centerpiece, almost a tool of sovereignty. In a China-obsessed Washington, the message fits together.
At the same time, Nvidia understands the unwritten rule of Trumpism. We need something concrete, quickly. The company is joining a consortium that promises to invest $500 billion in the United States over four years, just to check the domestic production box.
Then come the images, those that hold a relationship together. Dinner at Mar-a-Lago, a million dollars per guest. At least six private meetings, direct calls, trips with the president to the United Arab Emirates, Saudi Arabia and the United Kingdom. In July, at the summit on the artificial intelligence action plan at the White House, Trump slipped in a public compliment. Later, a ballroom project also received Jensen's input.
A battle for exports, and a signal for crypto
Jensen doesn't stop at the executive branch. He also pushes Congress. His argument can be summed up in one sentence: banning American sales does not stop China, it accelerates its alternatives. He cites Huawei as a replacement already ready to step into the breach.
Nvidia then professionalizes its presence. Tim Teter, legal boss, is leading the offensive. The company stays away from large associations, recruits a Republican lobbyist who has worked with Ivanka Trump, and concentrates the debate on a single area: export. Nvidia sells hardware, not models. She therefore avoids endorsing debates on employment or mental health, which stick to the platforms.
On the other hand, resistance exists. National security officials and think tanks object. Steve Bannon criticizes the H200 deal. Elizabeth Warren denounces too partisan proximity. A bill to restrict H20s was scrapped, but a bipartisan plan now seeks to limit the administration's leeway in approving these sales.
In this series, one detail sums up the balance of power. A first attempt to revive the H20s provided for a 15% levy for the United States, but Beijing rejected these less powerful chips. Nvidia is pivoting towards the H200, more advanced, more desirable, more strategic.
And cryptocurrency in all this? She is not a spectator. When politics becomes a switch on global computing power, it also influences market narratives. The same capital that chases performance can move from stocks to tokens, and then back, in step with Washington's decisions. Liquidity follows. And the price never waits for the end of the debates.
Maximize your Tremplin.io experience with our 'Read to Earn' program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
