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Nvidia stock extends gains as Saudi Arabia set to spend billions on AI chips, US moves to rescind Biden's chip curbs
Nvidia stock jumped over 3% early Wednesday after the company and fellow chipmakers announced billions of dollars worth of AI deals with Saudi Arabia.
Nvidia gains 5.6% on AI chip deal with Saudi Arabia, CEO Jensen Huang's net worth surges to $120 billion — details
Nvidia stock gained 5.6 per cent on news that it would supply 18,000 AI chips to Saudi Arabia. The share jump also pushed CEO Jensen Huang's wealth near $120 billion, as the company's market value touched $3 trillion.
Nvidia sending 18,000 of its top AI chips to Saudi Arabia
Nvidia CEO Jensen Huang said the cutting-edge Blackwell chips will be used in a 500 megawatt data center in Saudi Arabia.
Stock Movers: Nvidia, UNH, SMCI
Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.
Trump, Elon Musk, and top CEOs' lavish visit to Saudi Arabia in pictures
Trump met with Saudi Crown Prince Mohammed bin Salman and attended a US-Saudi investment forum along with Elon Musk and other top CEOs.
Saudi Arabia wants to build its post-oil future with massive AI data centers — Trump and U.S. tech have big incentives to oblige
In a geopolitical chess game with billions at stake, Saudi Arabia, the U.S. and Nvidia all have something to gain.
AWS enters into ‘strategic partnership’ with Saudi Arabia-backed Humain
Amazon says it'll work with Humain, the AI company recently launched by Saudi Arabia’s ruler, to invest '$5 billion-plus' in a strategic partnership.
A Saudi AI opportunity worth $1 trillion wins over Wall Street — and boosts Nvidia stock
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.
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