Jensen Huang has other plans that day, but Nvidia has already made efforts to curry favor with the president-elect.

Nvidia's chief executive Jensen Huang said on Friday he will not be attending U.S. President-elect Donald Trump's inauguration, but will instead be "on the road" celebrating the Lunar New Year with employees and their families.

Nvidia Corp. (NVDA) stock climbed over 3% in mid-day trading Friday after CEO Jensen Huang announced he would not attend President-elect Donald Trump’s inauguration next week. Instead, he plans to be “on the road” to celebrate the Lunar New Year with his employees and their families.

Meanwhile, a slew of other tech executives including Elon Musk, Jeff Bezos and Mark Zuckerberg are reportedly set to attend the events on Monday.

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Nvidia CEO Jensen Huang will reportedly won't attend US President-elect Donald Trump's inauguration on January 20 that will take place in Washington DC. Nvidia ranks into world's most valuable company with a market value exceeding $3 trillion.

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The CEO also confirmed plans to attend similar celebrations in Beijing next week, as part of Nvidia’s efforts to engage with its workforce and partners across Asia.

Electric carmaker Tesla ( TSLA) was another stock that rose on Monday ahead of Trump's return to the White House, closing the session 2% in the green. Tesla CEO Elon Musk is a close ally of Trump and has been appointed to co-lead the extra-governmental Department of Government Efficiency (DOGE).

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