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@ Layer3.news
2025-05-14 13:41:46
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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
https://s.yimg.com/ny/api/res/1.2/cCQ3xDXvuH14FAweDlK58Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD04MDA-/https://s.yimg.com/os/creatr-uploaded-images/2025-04/91891850-20f6-11f0-bf60-cab8bf18fad8
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✍️ Nvidia's stock jumped 3.6% after the company announced a deal to supply AI chips to Saudi Arabia's AI venture Humain, valued at hundreds of thousands of dollars over the next five years.
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👉 Nvidia's stock jumped 3.6% after announcing a deal to supply AI chips to Saudi Arabia's AI venture Humain
👉 Deal valued at hundreds of thousands of dollars over the next five years
👉 Report suggests Trump administration may cut deal to allow UAE to purchase over a million Nvidia AI chips
👉 Fellow US chipmakers AMD and Qualcomm also announced deals with Humain
👉 Analysts believe news is a good sign for demand for AI hardware
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#DonaldTrump #StacyRasgon #LauraBratton #SaudiArabia #UnitedArabEmirates #China #technology
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