Advanced Micro Devices, Inc. (AMD) and HUMAIN Partner on $10B Global AI Infrastructure Expansion
From Yahoo Finance: 2025-05-14 09:05:00
- A White House official stated the US does not need to block global spread of AI chips for national security. Trump is allowing tech sharing with allies like Saudi Arabia, contrasting Biden’s China restrictions.
- White House AI & crypto czar, David Sacks, announced the rescinding of Biden’s diffusion rule on AI chips. US aims to deepen tech ties with Middle Eastern partners investing in AI infrastructure.
- Saudi Arabia saw US chip access limited under Biden’s AI diffusion rules. Trump officials rescinded controls, deeming them misguided. US now seeks to deepen tech ties with Middle Eastern partners investing in AI.
- AMD benefits from Trump’s Middle East AI push, signing a $10B deal with Saudi Arabia to build global AI infrastructure. The company aims to deploy 500 megawatts of AI capacity over the next five years.
- AMD ranks 7th in AI stocks poised to gain from Trump’s push. While AMD holds investment potential, other AI stocks may deliver higher returns. Seeking a promising AI stock? Check out the report on the cheapest AI stock.
- Looking for AI stock recommendations? Explore the 20 Best AI Stocks To Buy Now and 30 Best Stocks To Buy Now According to Billionaires. This article is originally published by Insider Monkey.
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