From Yahoo Finance: 2025-05-14 09:11:00

President Trump’s Middle East AI push has sparked interest in AI stocks, including Salesforce, Inc. (NYSE:CRM). The US is now open to sharing AI technology with allies like Saudi Arabia. The Biden-era controls limiting access to US chips for Saudi Arabia and neighbors have been rescinded by the Department of Commerce.

David Sacks, the White House’s AI and crypto czar, announced the rescinding of the Biden diffusion rule. This rule previously restricted the spread of American technology globally. The Trump administration is now focusing on strengthening tech ties with Middle Eastern partners investing in AI infrastructure.

White House officials announced a flexible approach toward sharing AI technology globally. This signals a shift from Biden’s strategy of limiting China’s access to powerful chips. The new approach involves offering US technology to countries, like Saudi Arabia, with the condition of avoiding Chinese alternatives.

Salesforce, Inc. (NYSE:CRM) has unveiled its Agentforce platform, driving CRM growth. A Saudi Arabian firm, DataVolt, plans to invest $20 billion in AI data centers and energy infrastructure in the US. Companies like Google, Oracle, and Salesforce are set to invest $80 billion in transformative technologies in both countries.

Salesforce is building its team in Saudi Arabia, with plans to invest $500 million over the next five years. This investment aims to boost AI adoption in the kingdom. While CRM ranks well for Middle East AI push, there are AI stocks with higher potential returns. Consider exploring other AI stocks for better investment opportunities.

Read more: Salesforce, Inc. (CRM) to Invest $500M in Saudi AI Expansion with New Riyadh HQ