The technological will provide 18,000 chips to a Saudi state company, within the framework of a strategic alliance to boost artificial intelligence.
Nvidia shares jumped 5.6% This Tuesdayin the face of the agreements that the American president Donald Trump is carrying out with Arab countries in the field of artificial intelligence (AI). The technology will initially provide 18,000 Blackwell chips to the Humain company.
The executive director of Nvidia, Jensen Huang, announced the alliance with Humain, a subsidiary of the Saudi Public Investment Fund, for the Construction of a 500 megawatt data centerduring the Saudi-American Investment Forum in Riad. It is estimated that the influence of the United States government was relevant.
The agreements between the US and Saudi Arabia include permission to acquire the most advanced processors of NVIDIA and AMD, while the United States retains the right to supervise all Saudi data centers that use US chips. Besides, The kingdom promised to invest US $ 600,000 million in the US, starting with US $ 20,000 million in energy and artificial intelligence centers YU $ S80,000 million in a joint investment fund that large technological technological ones On both sides of the Atlantic they will use.
Arab Emirates could also enter the agreements for chips importation
In parallel, Trump is considering an agreement that would allow United Arab Emirates to import more than one million chips Nvidia advanced. The agreement, which is still being negotiated and could change, would allow United Arab Emirates to import 500,000 of the most advanced chips in the market every year from now on until 2027.
The news arrives after a series of meetings and negotiations during the president’s visit to Riad. The exact details of these possible agreements have not yet been revealed but indicate a significant increase in financial ties between the US and the Arab countries.
Nvidia’s shares barely lose 3% in the year. Despite the emergence of Depsek, the United States commercial tensions with the rest of the world, and the limitations for the export of chips to China, the actions They have recovered in record time a drop of up to 20% of their value.
Source: Ambito
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