From Yahoo Finance: 2025-05-13 16:23:00

Nvidia CEO Jensen Huang partners with Saudi AI company Humain. Nvidia stock jumps, reentering $3 trillion club. Market cap reaches nearly $3.2 trillion, trailing only Microsoft and Apple. Humain to purchase “several hundred thousand” GPUs from Nvidia over five years. Trump begins Middle East trip as deal announced.

Nvidia becomes third U.S. company to hit $3 trillion market value in June 2024. Shares began steady climb in late 2022 with ChatGPT release sparking generative AI boom. Market cap peaks at $3.66 trillion in early January before volatile sideways drift.

Stock value drops $1.3 trillion by early April due to AI economics and trade war concerns. Rebounds on strong tech earnings and tariff stance. First-quarter results to be reported May 28. Wild ride continues for Nvidia since reaching $3 trillion milestone.

Read more: Nvidia Returns to $3 Trillion Club as Stock Surges on Saudi AI Partnership