From Yahoo Finance: 2025-05-14 17:27:00

President Trump announced Saudi Arabia’s $600 billion investment in the US during his Gulf tour. This deal aims to boost US energy security and defense industry, as well as strengthen global ties. The Department of Commerce rescinded Biden’s AI chip export rule to facilitate technology sharing with allies like Saudi Arabia.

AMD and Nvidia receive “Buy” ratings from Bank of America following multi-year AI infrastructure projects with Saudi Arabian startup HUMAIN. The projects are estimated to generate $3-5 billion annually, aiding in addressing data center power challenges in the US. AMD ranks 9th among top AI stocks on Wall Street, but other AI stocks may offer higher returns.



Read more at Yahoo Finance: Advanced Micro Devices, Inc. (AMD) Gains Boost As Bank Of America Raises Target On AI Deal Momentum