From Yahoo Finance: 2025-05-16 12:17:00

Nvidia stock surged over 15% in five trading sessions due to optimism for its overseas business expansion in Saudi Arabia and UAE. Deals with Humain and US firms, plus a potential agreement with UAE to import AI chips, boosted shares. The US-China trade truce also positively impacted Nvidia’s stock.

Nvidia unveiled a partnership with Humain to supply hundreds of thousands of AI chips to Saudi Arabia. Trump announced a deal allowing UAE to import half a million Nvidia chips annually. Shares rose 5.6% on Tuesday and 4% on Wednesday, putting them in positive territory for the year.

The Trump administration may allow UAE to purchase Nvidia AI chips, providing a significant boost for the company. Nvidia is looking to open an R&D center in China. Trump’s repeal of Biden’s AI diffusion rule further benefits Nvidia.

Nvidia stock initially struggled in 2025 due to competition from Chinese AI startup DeepSeek. Skepticism around Big Tech’s AI spending and potential slowdown in AI data center investments from Microsoft raised concerns. Despite challenges, Nvidia’s recent partnerships and deals show promise for future growth. 1. The latest job report indicates that the unemployment rate has dropped to 5.8%, with 559,000 jobs added in May. This is a positive sign for the economy’s recovery post-pandemic.

2. A new study reveals that 70% of Americans have received at least one dose of the COVID-19 vaccine. This milestone is a significant step towards achieving herd immunity in the country.

3. The stock market saw a significant increase today, with the Dow Jones Industrial Average rising by 400 points. This surge was fueled by positive economic data and strong corporate earnings reports.



Read more at Yahoo Finance: Nvidia stock set for 15% weekly gain as trade news boosts AI chip