Nvidia CEO Jensen Huang will join President Donald Trump next week on a state visit to the U.K., a person familiar with the plans told CNBC’s Kristina Partsinevelos on Monday.

The person asked to remain anonymous in order to discuss the trip.

The Nvidia chief is one of several U.S. business leaders who are expected to accompany Trump, including OpenAI’s Sam Altman, Blackstone CEO Stephen Schwartzman, and BlackRock CEO Larry Fink, according to Sky News, which first reported the trip.

Apple CEO Tim Cook was invited, according to the report.

The luminaries are expected to join Trump at a state banquet hosted by King Charles scheduled for next week, according to Sky News.

Though Huang was notably absent from Trump’s White House dinner for tech CEOs last week, his attendance on the U.K trip highlights how committed the chipmaker is to managing its relationship with the president as Nvidia seeks new licenses to sell its current-generation Blackwell chips in China.

Since the company’s access to the Chinese market was thrown into question earlier this year, Huang has developed a close relationship with Trump, praising the president’s commitment to U.S. manufacturing.

Huang has tried to convince the president that allowing Nvidia to export its chips to China is good for U.S. national security because it means that the U.S. will continue leading the AI race.

Trump has praised Nvidia for being a technological leader, and was pleased when the company topped a $4 trillion market cap, Huang previously said.

Nvidia said earlier this year that its access to the Chinese market had been cut off by the Trump administration using export controls. Huang then met with Trump at the White House twice over the summer and secured export waivers for its China AI chip, called the H20.

Trump said that he negotiated a 15% cut of those chip sales with Huang. Nvidia said last month that details of the U.S. government’s cut had not been finalized.

Huang also joined Trump on a trip to Saudi Arabia for an investment forum in May.

Nvidia previously said it had to scrap H20 chips that could have accounted for $8 billion in sales in a single quarter. It said it could sell as much as $5 billion of the H20 chips this quarter, depending on the geopolitical environment.

But Nvidia is now focusing on getting licenses to sell newer chips to China, and Huang told investors last month there is a “real possibility” that it can get approval.

StubHub is aiming to raise as much as $851 million in its initial public offering, giving it a valuation of up to $9.2 billion, the company revealed in a new filing on Monday.

The ticket reselling marketplace plans to sell more than 34 million shares priced between $22 and $25 per share, according to the filing.

The long-awaited IPO comes after StubHub hit pause on the process in April as the stock market was reeling from President Donald Trump‘s sweeping tariffs. The company also eyed an IPO last year, but it postponed its efforts in July 2024 amid a slowdown in the IPO market.

StubHub plans to trade on the New York Stock Exchange under the symbol “STUB.”

The IPO market has bounced back in recent months, with recent debuts from Peter Thiel-backed cryptocurrency exchange Bullish, design software company Figma and crypto firm Circle.

Klarna, a Swedish provider of buy now, pay later loans, and Gemini, the crypto firm founded by Cameron and Tyler Winklevoss, are gearing up for public debuts this week.

StubHub filed an updated IPO prospectus last month, showing that first-quarter revenue grew 10% from a year earlier to $397.6 million. Operating income came in at $26.8 million for the period.

The company’s net loss widened to $35.9 million from $29.7 million a year ago.

The company has been a longtime player in the ticketing industry since its launch in 2000. It was purchased by eBay for $310 million in 2007, but was reacquired by co-founder Eric Baker in 2020 for $4 billion through his new company Viagogo.

StubHub had sought a $16.5 billion valuation before it began the IPO process, CNBC previously reported. 

Xpeng plans to launch its mass-market Mona brand in overseas markets next year in a move that will boost competition with its Chinese rivals and established automakers in the electric vehicle arena.

In a wide-ranging interview with CNBC on Tuesday, Xpeng CEO He Xiaopeng said the company’s international expansion is moving faster than he expected and signaled, for the first time, that the company is open to acquiring other electric carmakers.

Xpeng launched the Mona brand in China last year with the debut of the Mona M03 electric coupe. The car was launched with an aggressive starting price of 119,000 Chinese yuan, which is just under $17,000.

Xpeng will launch Mona-branded cars in Europe next year, He told CNBC. This is the first time the launch has been reported.

“In 2026 you can expect a variety of Mona products launched into the Chinese and European markets, as well as in rest of the world,” He said, in comments translated by CNBC.

“I believe by then, what we launch will be very proven and very excellent vehicles.”

These cars will likely be cheaper than some of Xpeng’s higher-end models such as the P7 and G6.

It comes as Chinese automakers are aggressively launching cars outside of China and finding success in Europe where companies like BYD have continued to grow.

Adding even more competitively priced cars into the mix overseas will ramp up competition in markets like Europe where traditional automakers such as Mercedes, BMW and Volkswagen have launched their own electric vehicles to fend off Chinese rivals.

Chinese firms’ expansion into Europe comes at a time when Tesla continues to record declining sales in the region.

At home in China, the price war continues as EV makers battle it out for market share. Competition is ramping up between domestic automakers and Tesla.

This has prompted Chinese regulators to call a halt to excessive competition, known colloquially as “neijuan” or involution.

The Xpeng CEO himself has previously warned that only a handful of Chinese carmakers will survive in the coming years as many go out of business.

He said the collapse is already happening.

In this environment, He said he is open to acquisitions, something that the company hasn’t done in large quantities to date. In 2023, Xpeng acquired the electric car development business of Chinese ride-hailing firm Didi.

He said Xpeng would be open to acquiring companies, including other electric carmakers.

“I think if we have the opportunity then we want to acquire some companies,” He said. “For us it’s a good thing to do. Manufacturing companies, EV companies are always possible.”