Nvidia’s multibillion-dollar deal with the UAE to supply AI chips has been delayed, frustrating CEO Jensen Huang. The agreement aimed to boost U.S. tech influence and counter China’s AI ambitions. The Commerce Department must approve the deal, pending UAE investments and concerns about ties with China.

Nvidia’s market cap stands at $4.59 trillion, with shares climbing 58.97% in the past year and 36.61% in 2025. The stalled UAE deal, crucial for U.S. tech strategy, has yet to materialize, prompting concerns. White House officials are working to move the agreement forward amid delays and geopolitical considerations.

President Trump’s touted UAE deal, part of $200 billion in bilateral agreements, remains unresolved. The UAE pledged investments and chip purchases, but the deal is stuck. Talks between UAE President and OpenAI CEO focused on AI collaboration for development goals. Taiwan Semiconductor is also eyeing UAE investments pending U.S. approval.

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Read more at Yahoo Finance: Nvidia CEO Jensen Huang Reportedly Frustrated As Trump’s Commerce Secretary Slows UAE Chips Deal Over China Link