Nvidia, Saudi Arabia and AMD
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Nvidia (NVDA) shares have jumped nearly 15% over the past five days following a wave of positive news. The chipmaker has announced a major deal with Saudi company Humain, owned by Saudi Arabia’s Public Investment Fund,
Nvidia topped a $3 trillion valuation for the first time since February. A fresh AI partnership with Saudi Arabia was boosting the stock on Tuesday.
Nvidia stock jumped over 3% early Wednesday after the company and fellow chipmakers announced billions of dollars worth of AI deals with Saudi Arabia.
Nvidia leaped back into the vaunted $3 trillion club on Tuesday as its stock shot up following the announcement of a major sale to a state-backed Saudi Arabian AI company.
Nvidia's stock targets $150 as Saudi Arabia partners with Nvidia, AMD, and Amazon to build a global AI hub. Analysts see this as a key growth catalyst for NVDA.
The HUMAIN deal could be worth up to $11.5 billion, highlighting Nvidia's global demand and strategic positioning in AI infrastructure. Valuation upside hinges on EV/EBITDA multiples; I set a $156 price target, implying 15.6% upside, and maintain my buy rating.
Nvidia returned to the $3 trillion market cap club on Tuesday following the announcement of a major partnership with a state-backed Saudi Arabian AI company. Monitor these crucial chart levels.
Nvidia shares rose 5.6% on Tuesday after Washington and Riyadh announced a vast plan to fund artificial‑intelligence work.
NVIDIA (NasdaqGS:NVDA) recently formed a significant partnership with HUMAIN, marking a pivotal advancement in AI development. Over the last month, NVIDIA's stock price rose by 17%, primarily driven by this collaboration and other strategic initiatives,
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