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Nvidia Stocks Surge as Saudi AI Firm Secures Deal
5/14/2025
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Story summary
- Nvidia will provide semiconductors to Saudi AI firm Humain for a 500-megawatt data center, revealed at a Riyadh summit.
- Following the announcement, Nvidia's stock increased by 5.6%, with AMD also entering the AI semiconductor market.
- Humain aims to develop 1.9 gigawatts of data centers by 2030, expanding Nvidia's customer base beyond U.S. tech companies.