Trump's trade war with China just cost Nvidia $5.5B
theregister.com
theregister.com
In this case I think it's because it's not just a dinner where you may see the President from far away, it's a smaller setting where you may be able to speak to him.
Legally this is a fundraiser for political campaigning with none of the money going to the President. Again, I believe that this is standard in the US.
NVDA reached its peak after the release of DeepSeek‑r1, and, more importantly, the entire AI industry is extremely overpriced
I explained it a little here: https://news.ycombinator.com/item?id=42558187
It's a market bubble - or a ponzi scheme - it just burst at the best time
Deepseek caused more GPU demand. Throw out your theory.