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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.
What’s at stake as the US gives Saudis access to state-of-the-art AI chips
Previously, the US had restrictions on delivering advanced technology to the region as part of broader controls on the spread of US AI-related tech.
Trump’s Saudi victory lap belies AI fears
The United States does not hold a monopoly on technological breakthroughs. As it sought to contain China’s advances in artificial intelligence, President Joe Biden’s administration tried to use restrictions on cutting-edge chips from Nvidia as a cudgel,
Trump administration's next wave of China AI chip export rules are yet another obstacle for Nvidia
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.
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.
Trump’s Gulf visit sparks AI gold rush as US firms partner with Saudi Arabia, UAE: Reports
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.
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