Nvidia stock surged 5.6% after CEO's participation in Saudi investment forum

From Nasdaq: 2025-05-13 12:02:00

Nvidia stock makes a recovery

Nvidia stock is bouncing back after a 30% drop from 2025 highs. CEO Jensen Huang’s participation in the Saudi Arabia-U.S. investment forum led to a new business deal for Nvidia, resulting in a 5.6% increase in share price.

A big Blackwell chip sale

Nvidia struck a deal to sell 18,000 Blackwell chips to Saudi company Humain for AI data centers. This marks the start of a partnership to build AI infrastructure, with plans for a 500-megawatt data center using Nvidia’s cloud platform.

Saudi Arabia invests in the U.S.

The White House announced $600 billion in Saudi investments in the U.S., including $20 billion for AI data centers. While Nvidia wasn’t mentioned, it’s likely to benefit from supplying products to support the growth of data centers and AI infrastructure.

A lucrative opportunity

Nvidia’s potential for growth has investors optimistic. An expert team recommends investing in Nvidia, citing past success with “Double Down” stock recommendations. Joining Stock Advisor now offers insights into three promising companies for potential high returns.

Read more at Nasdaq: Why Nvidia Stock Surged Higher Again Today