Newsweek NY
  • Business
  • Economics
  • Markets
  • Technology
Subscribe
  • Login
No Result
View All Result
  • Business
  • Economics
  • Markets
  • Technology
No Result
View All Result
Newsweek NY
  • Subscribe
Home Business

Nvidia to Supply 18,000 AI Chips to Saudi Arabia

Marco Sorenson by Marco Sorenson
May 13, 2025
in Business
NVIDIA logo displayed on the exterior of a modern building with a reflective surface.

Nvidia will deliver 18,000 Blackwell AI chips to Saudi Arabia’s Humain AI startup which belongs to its sovereign wealth fund to operate a 500-megawatt data center during President Trump’s Saudi visit. Nvidia CEO Jensen Huang described AI as “essential infrastructure” which supports Saudi Arabia’s efforts to develop AI and cloud computing through foreign investments. The Saudi-US Investment Forum revealed the Nvidia GB300 Blackwell chip deal for this project. The Middle East tour of Trump includes stops in Qatar and UAE to obtain Gulf investments while Saudi Arabia completes a US chip access agreement because of concerns about Chinese interception possibilities. The proposed “data embassies” would establish Saudi data centers under foreign regulatory frameworks to reduce security risks which makes the kingdom more appealing for technological development. The market capitalization of Nvidia reached $3.14 trillion after its stock price increased by 5% while AMD stock price rose 1.9%. The partnership demonstrates Saudi Arabia’s technological goals and Trump’s approach to use trade and security relationships for achieving US economic benefits.

Tags: Nvidia
Previous Post

Wall Street Rises as Inflation Slows

Next Post

S&P 500 Erases 2025 Losses in Rare Comeback

Related Posts

Kruger
Business

Wall Street veteran uses AI to imagine MicroStrategy’s Chapter 11 bankruptcy in 2026

If You'd Invested $1,000 In Dogecoin 5 Years Ago, Here's How Much You'd Have Today
Business

If You’d Invested $1,000 In Dogecoin 5 Years Ago, Here’s How Much You’d Have Today

Fire on US warship in Japan leaves 2 sailors with minor injuries
Business

Fire on US warship in Japan leaves 2 sailors with minor injuries

CitiBank logo displayed on a blue sign above the entrance of a building.
Business

Citi Banking Chief Taps Hiring Spree to Boost Dealmaking

Construction worker pushing a wheelbarrow filled with sand at a construction site with scaffolding.
Business

Country Garden Secures Key Creditor Backing for $14 Billion Plan

BlackRock company name displayed on the exterior of a building in bold letters.
Business

BlackRock Buys Nearly Half of Eni Carbon Capture Unit

Next Post
A golden bull figurine positioned on a black keyboard key labeled S&P 500.

S&P 500 Erases 2025 Losses in Rare Comeback

Newsweek NY

© 2025 Newsweek NY. All rights reserved.

Navigate Site

  • Privacy Policy
  • Terms
  • About us
  • Contacts

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business
  • Economics
  • Markets
  • Technology

© 2025 Newsweek NY. All rights reserved.