Nvidia, AMD Sell Chips to Saudi Arabia
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Nvidia CEO Jensen Huang said the cutting-edge Blackwell chips will be used in a 500 megawatt data center in Saudi Arabia.
Nvidia and other AI stocks climbed Wednesday, extending Tuesday's gains as Saudi partnerships stoked excitement for future deals.
Nvidia stock jumped over 3% early Wednesday after the company and fellow chipmakers announced billions of dollars worth of AI deals with Saudi Arabia.
The announcements follow reports that the US administration intends to facilitate AI chip deals between American firms and Gulf nations.
14hon MSN
President Donald Trump has continued to voice his desire for the U.S. to remain an AI leader while trying to keep top tech out of the hands of China.
The next front in the AI arms race isn’t Beijing. It’s in Riyadh, at least according to Wedbush. A sweeping new partnership between Nvidia and Saudi Arabia’s sovereign AI initiative, Humain, was the focus of the gathering.
US President Donald Trump unleashed an AI Power Play in the Middle East during his visit, as Nvidia, AMD strike major deals in Saudi and UAE.