NVIDIA (NASDAQ: NVDA) shares surged 5.5% midday Tuesday following CEO Jensen Huang’s participation in U.S. President Donald Trump’s high-profile visit to the Middle East. The trip has already delivered major wins for the AI chipmaker.
In Saudi Arabia, NVIDIA unveiled a landmark agreement with HUMAIN, a newly launched AI-focused subsidiary of the Saudi Public Investment Fund (PIF). HUMAIN plans to build AI data factories powered by NVIDIA’s cutting-edge GPUs, beginning with an 18,000-unit Grace Blackwell GB300 supercomputer. Over five years, the initiative will scale to 500 megawatts of AI infrastructure, positioning Saudi Arabia as a hub for sovereign AI development.
Meanwhile, Bloomberg reported that the Trump administration is in talks to allow the United Arab Emirates (UAE) to import over one million advanced NVIDIA chips through 2027. Up to 500,000 chips could be exported annually, with about 20% going to Abu Dhabi-based AI firm G42. The rest would support U.S. companies building data centers in the region, including OpenAI, which is reportedly preparing to expand operations in the UAE.
If approved, G42 could secure computing power equivalent to 1 to 1.5 million H100 chips over the lifetime of the deal—solidifying the region’s role in global AI infrastructure.
President Trump personally praised Huang during his Saudi speech, highlighting NVIDIA’s $500 billion investment in the U.S. and calling him “a proud partner” in America’s innovation leadership.
These developments signal major geopolitical and commercial wins for NVIDIA, boosting investor confidence and reinforcing its position at the forefront of global AI expansion.