Nvidia, Saudi Arabia
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Nvidia stock gained 5.6 per cent on news that it would supply 18,000 AI chips to Saudi Arabia. The share jump also pushed CEO Jensen Huang's wealth near $120 billion, as the company's market value touched $3 trillion.
Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.
Nvidia's stock targets $150 as Saudi Arabia partners with Nvidia, AMD, and Amazon to build a global AI hub. Analysts see this as a key growth catalyst for NVDA.
Nvidia CEO Jensen Huang said the cutting-edge Blackwell chips will be used in a 500 megawatt data center in Saudi Arabia.
Saudi Arabia’s Crown Prince Mohammed Bin Salman launched Humain to develop and manage artificial intelligence technologies.
Super Micro Computer shares are following up Tuesday's 16% surge with another 8% gain as news of [big AI investments by Saudi Arabia](
Nvidia returned to the $3 trillion market cap club on Tuesday following the announcement of a major partnership with a state-backed Saudi Arabian AI company. Monitor these crucial chart levels.
In a geopolitical chess game with billions at stake, Saudi Arabia, the U.S. and Nvidia all have something to gain.