From Yahoo Finance: 2025-05-14 09:32:00

President Trump’s Middle East AI push includes Alphabet Inc. (GOOGL) among other AI stocks. US takes flexible approach on AI chip spread to allies like Saudi Arabia. Trump’s strategy differs from Biden’s, offering US tech to counter Chinese influence. White House’s AI czar signals shift in US tech sharing policies, rescinding Biden-era controls. US aims to deepen tech ties with Middle Eastern partners investing in AI infrastructure. Saudi Arabia’s access to US chips limited under Biden-era rules, now rescinded by Commerce Department. Hedge funds eye AI stocks popular among investors, hedge fund data as of Q4 2024. Google to invest $80 billion in tech with Saudi Arabian firm DataVolt, creating AI hub and supporting thousands of American jobs by 2040. Partnership aims to accelerate AI innovation, economic growth, and job creation in Saudi Arabia and the US. GOOG ranks 2nd in AI stocks poised for growth from Middle East AI push, but other AI stocks may offer higher returns in shorter timeframes. Check out the report on the cheapest AI stock with significant upside potential.

Read more: Alphabet Inc. (GOOGL) Partners with Saudi Arabia on $10B AI Hub Driving Global Innovation