$600 billion Saudi Arabian deal with U.S. companies includes investments in Nvidia and AMD

From Nasdaq: 2025-05-18 04:00:00

Following a visit to Saudi Arabia, President Donald Trump announced a $600 billion investment deal with U.S. companies, including $142 billion in defense sales. U.S. chipmakers Nvidia and AMD will provide chips to Saudi AI start-up Humain, with Nvidia supplying hundreds of thousands of GPUs. Bank of America estimates the deal could be worth $15-20 billion, replacing some lost Chinese revenue. The U.S. is also close to easing chip export restrictions on the UAE. The deals signal a growing trend of sovereign AI investments, positioning both Nvidia and AMD for future growth opportunities. Both stocks are attractively valued and present potential investment opportunities.

Source: https://www.nasdaq.com/articles/why-nvidia-and-amd-are-the-biggest-winners-in-saudi-arabias-$600-billion-investment-deal-2025-06-09



Read more at Nasdaq: The Top Tech Stock Winners From Trump’s $600 Billion Saudi Arabian Deal