Wedbush Securities analyst Dan Ives is calling President Donald Trump’s summit with Chinese President Xi Jinping a defining inflection point for the artificial intelligence revolution, as the two leaders prepare for two days of high-stakes talks in Beijing on Thursday and Friday.

Trump arrived in Beijing on Wednesday accompanied by a roster of America’s most powerful corporate executives, including Nvidia Corp (NASDAQ:NVDA, XETRA:NVD) CEO Jensen Huang, Tesla Inc (NASDAQ:TSLA) CEO Elon Musk, and outgoing Apple Inc (NASDAQ:AAPL, XETRA:APC) CEO Tim Cook.

For Ives, the composition of the delegation signals just how much is at stake. Huang’s presence, he wrote in a note Wednesday, places “the key architect of the AI hardware stack directly at the center of a high-stakes geopolitical negotiation,” with chip export policy, AI supply chains, and the future of US chip leadership in China all on the line.

At the core of the tech sector’s interest is Nvidia’s strained access to the Chinese market. The company’s most advanced chips have faced tightening US export restrictions since 2022, and US-government-approved versions had yet to be allowed into China as of February.

China, for its part, has been building its own chips and AI models such as DeepSeek to reduce reliance on Nvidia, though domestic efforts have themselves been slowed by US restrictions.

Ives sees any incremental progress on export controls as a meaningful positive, not just for Nvidia but for adjacent players across networking, cloud infrastructure, and AI software. He expects the summit to prove “constructive,” arguing that both sides have a shared interest in avoiding a Cold War dynamic that would slow AI diffusion and cloud monetization globally.

Beyond tech, the agenda is expected to cover trade imbalances, Taiwan, and Iran, with the White House also indicating discussions around a potential U.S.-China board of trade and investment.

Wedbush frames the combination of an improving geopolitical backdrop, Nvidia’s upcoming earnings, and accelerating enterprise AI adoption as a strongly positive setup for the sector.

“The AI revolution is at an important inflection point, and we believe that the two heads of state and assembled key tech executives will look for an outcome that supports driving AI forward as adoption is accelerating, use cases are expanding, and the winners in chips, infrastructure, and software will continue to benefit,” Ives wrote. “We view this is a positive moment for US and China.”