Nvidia jumps back above $3 trillion valuation after announcing chip deal with Saudi Arabia

The stock’s intraday high pushed Nvidia’s market cap past $3 trillion for the first time since February. Nvidia will provide Saudi Arabia with advanced chips for an AI buildout. The move: Nvidia …
Will Nvidia partner with Saudi Arabia’s AI startup Humain?

(AP Photo/Alex Brandon) U.S. chip maker Nvidia will partner with Saudi Arabia’s sovereign wealth fund-owned AI startup Humain and will ship 18,000 chips to the Middle Eastern nation to help power a new data center project. The partnership was revealed Tuesday as part of a White House trip to Saudi Arabia, Qatar and the United Arab Emirates.

Will Nvidia & Humain build a new data centre in Saudi Arabia?

Nvidia partners with Saudi AI startup Humain to ship 18,000 chips for a new data centre, enhancing Saudi Arabia’s AI and cloud infrastructure.

Will Saudi Arabia become a global AI leader?

Saudi Arabia to Become a Global AI Leader With Sovereign AI Infrastructure Powered by NVIDIA RIYADH, Saudi Arabia, May 13, 2025 (GLOBE NEWSWIRE) — NVIDIA and the Kingdom of Saudi Arabia (KSA) today announced partnerships to transform the country into a global powerhouse in AI, cloud and enterprise computing, digital twins and robotics.

Will AI factories be built in Saudi Arabia?

HUMAIN, a subsidiary of Saudi Arabia’s Public Investment Fund focused on AI, is making a major investment to build AI factories in KSA with a projected capacity of up to 500 megawatts powered by several hundred thousand of NVIDIA’s most advanced GPUs over the next five years.

Will a Humain chip be used in a data center in Saudi Arabia?

“Together with Humain, we are building AI infrastructure for the people and companies of Saudi Arabia to realize the bold vision of the Kingdom.” The cutting-edge Blackwell chips will be used in a 500 megawatt data center in Saudi Arabia, according to remarks at the Saudi-U.S. Investment Forum in Riyadh on Tuesday.

Does Saudi Arabia need artificial intelligence?

Saudi Arabia has been working to develop its artificial intelligence capacity and strengthen its cloud computing infrastructure with the help of foreign investment. “AI, like electricity and internet, is essential infrastructure for every nation,” said Jensen Huang, founder of Nvidia.