Nvidia stock just got a major glow‑up. On Tuesday, shares of Nvidia jumped 5.6% after a massive AI deal was announced between the US and Saudi Arabia.
The agreement, backed by President Trump and Crown Prince Mohammed bin Salman, includes billions of dollars going straight into artificial intelligence. And yes, Nvidia is front and center.
$600 Billion Tech Package
Nvidia will partner with HUMAIN, a Saudi AI group, to supply its most advanced AI chips over the next five years. We’re talking 18,000 units of its Grace Blackwell supercomputers just to kick things off.
These chips will power Saudi Arabia’s new AI factories, aimed at smart cities, robotics, and cloud computing.
This deal is part of a much larger $600 billion package between the US and Saudi Arabia. Of that, $80 billion is earmarked for high‑tech innovation including AI, energy, and aerospace.
Other major tech firms, Tesla, AMD, Palantir, and OpenAI, joined the announcement, making clear this was as much about technology as it was about diplomacy.
Trump Reverses the AI Ban
In a move that thrilled chipmakers, the Trump administration scrapped the Biden-era AI chip export ban. That rule had blocked US companies like Nvidia from selling advanced chips to China and parts of the Middle East. With it lifted, Nvidia and peers can now sell more chips to key allies, especially Saudi Arabia and the UAE.
Bloomberg reports the UAE is considering a deal for over a million advanced Nvidia chips, previously unthinkable under the old restrictions. This shift could turbocharge Nvidia’s global sales.
Despite this, Nvidia’s stock remains down 4.5% year‑to‑date. Trade tensions with China and competition from lower‑cost rivals like China’s DeepSeek have weighed on the share price. Even so, this Saudi‑backed AI push could mark a fresh turning point.
Nvidia just found its next gold mine in the Middle East. With export limits removed and a $600 billion tech pact in place, the chip giant looks ready for a new growth chapter.
If you thought Nvidia was sidelined, think again. This deal might just be the start of its next big run.
