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Nvidia Shares Surge 6% After Trump Backs U.S. Chip Exports to Arab Nations

By: fxleaders|2025/05/14 04:00:11
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Nvidia shares surged 6.3% on Tuesday after former U.S. President Donald Trump signaled support for a series of artificial intelligence (AI) agreements with Arab nations. The tech giant is set to supply 18,000 Blackwell chips to Humain, a Saudi state-owned company, as part of a strategic alliance aimed at boosting AI development in the region. Nvidia CEO Jensen Huang announced the partnership during the U.S.-Saudi Investment Forum in Riyadh. Humain is a subsidiary of Saudi Arabia’s Public Investment Fund, and the deal includes plans to build a 500-megawatt data center. U.S. government influence is believed to have played a key role in facilitating the agreement. The U.S.-Saudi arrangements include authorization for Saudi Arabia to acquire advanced processors from Nvidia and AMD. However, the United States will retain the right to oversee all Saudi data centers utilizing American chips. In return, Saudi Arabia has committed to investing $600 billion in the U.S., beginning with $20 billion allocated to energy and AI-focused data centers, and another $80 billion toward a joint investment fund for major U.S. and European tech companies. Meanwhile, Trump is reportedly considering a similar agreement with the United Arab Emirates, which would allow the country to import over one million of Nvidia’s high-end chips. The deal, still under negotiation and subject to change, would enable the UAE to purchase 500,000 of the most advanced chips annually through 2027. These developments come after a series of high-level meetings and negotiations during Trump’s visit to Riyadh. While specific terms are still under wraps, the talks point to a significant deepening of financial and technological ties between the U.S. and Arab states. Despite challenges—including the rise of rival Deepsek, global trade tensions, and U.S. export restrictions on China—Nvidia shares are down just 3% year-to-date. The stock has quickly rebounded from a steep 20% drop earlier this year.

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