The announcements follow reports that the US administration intends to facilitate AI chip deals between American firms and Gulf nations.

Nvidia and other AI stocks climbed Wednesday, extending Tuesday's gains as Saudi partnerships stoked excitement for future deals.

Nvidia stock jumped over 3% early Wednesday after the company and fellow chipmakers announced billions of dollars worth of AI deals with Saudi Arabia.

Saudi Arabia launched Humain, a state-owned AI company led by Crown Prince Mohammed bin Salman with former Aramco Digital CEO Tareq Amin as CEO, coinciding with Trump's Middle East tour and a $600 billion investment commitment from Saudi Arabia to the US.

The oil barons of the Middle East have been trying to diversify out of carbon fuels and into other parts of the global economy for decades, but artificial

Tesla CEO Elon Musk said he wants to bring robotaxis to the Kingdom, where Uber is already making a robotaxi play with China's Pony.Ai.

AI Revolution taking off in Saudi Arabia, creating major opportunities for US tech stocks. Trump's visit & trade deal with China add to bullish outlook.

In a geopolitical chess game with billions at stake, Saudi Arabia, the U.S. and Nvidia all have something to gain.