From Yahoo Finance: 2025-05-14 09:30:00

The White House allows the global spread of US AI chips to trusted allies like Saudi Arabia, unlike Biden’s restrictions on China. Trump’s administration aims to deepen tech ties in the Middle East, rescinding Biden-era controls to foster AI partnerships with Saudi Arabia and its neighbors, which were previously limited in access to US chips.

NVIDIA Corporation (NVDA) announces a deal to sell hundreds of thousands of AI chips to Saudi Arabia, partnering with AI startup Humain for a 500-megawatt data center project. NVDA ranks 3rd on the list of AI stocks poised to benefit from Trump’s Middle East AI push, but other AI stocks may offer higher returns within a shorter timeframe.

The Department of Commerce rescinds Biden-era regulations that limited global access to AI chips, signaling a shift in US policy towards sharing advanced technology with trusted allies. David Sacks, the White House’s AI and crypto czar, emphasizes the US’s intention to expand tech ties with Middle Eastern partners investing in AI infrastructure.



Read more at Yahoo Finance: NVIDIA Corporation (NVDA) Secures Major AI Chip Deal with Saudi Arabia’s HUMAIN