Nvidia has unveiled a commitment with Saudi Arabia’s new AI venture Humain — which is owned by Saudi Arabia’s $925 billion Public Investment Fund to supply it with several hundred thousand AI chips over the next five years. The news came amid a flurry of deals between Humain and US Big Tech firms and chipmakers, such as Amazon (AMZN), Advanced Micro Devices (AMD), and Qualcomm (QCOM).Nvidia (NVDA) stock was on track to jump more than 15% over the five trading sessions ending Friday. The reason: optimism for its overseas business, specifically deals announced to expand its business in Saudi Arabia and the United Arab Emirates. This comes ahead of its quarterly earnings report on May 28. Should we expect a further rise weekly ?
