18,000+ Blackwell Chips to Saudi Arabia!
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[CNBC] Nvidia turns positive for 2025, third ‘Magnificent 7’ member to do so as favored group regains groove Nvidia on Wednesday climbed into positive territory for the year, becoming the latest "Magnificent 7" member stock to flip into the green amid the broader market's recovery.
Nvidia stock jumped over 3% early Wednesday after the company and fellow chipmakers announced billions of dollars worth of AI deals with Saudi Arabia.
Biden restricted the export of U.S. semiconductor chips to Saudi Arabia over national security concerns. Trump rescinded those restrictions.
Super Micro Computer shares are following up Tuesday's 16% surge with another 8% gain as news of [big AI investments by Saudi Arabia](
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24/7 Wall St. on MSNNvidia (NASDAQ: NVDA) Stock Price Update: Why Shares Are Up 3.8% on May 14thLive Updates Live Coverage Updates appear automatically as they are published. NVDA Top Dow Stock This Past Week 8:30 am NVIDIA will add to its already stellar week, up 15% over the past 5 trading days with what looks to be another 3% starting Wednesday trading.
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.