"They don't need Nvidia's chips ... to build their military," Jensen Huang said in a CNN interview aired Sunday, days ahead of another trip to China.

Nvidia hit record highs last week, and the company’s market cap surpassed $4 trillion. The stock has room to run higher if Nvidia can get concessions on chip exports to China.

Nvidia Corp. Chief Executive Officer Jensen Huang said the US government doesn’t need to be concerned that the Chinese military will use his company’s products to improve their capabilities.