NVIDIA Leads Chip Stocks Rally on Saudi Arabia AI Data Center Deal

Nauman khan

Wed, May 14, 2025, 1:37 AM 1 min read

Shares of Nvidia (NASDAQ:NVDA) jumped much than 6% Tuesday aft the chipmaker struck a woody with Saudi Arabia's AI steadfast Humain to assistance physique a large-scale information halfway powered by Nvidia hardware.

The project, portion of the country's broader propulsion into artificial intelligence, is acceptable to usage hundreds of thousands of Nvidia GPUs implicit the adjacent 5 years. The archetypal signifier includes deployment of 18,000 Grace Blackwell GB300 superchips connected via Nvidia InfiniBand networking.

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Nvidia CEO Jensen Huang said the concern aims to assistance Saudi Arabia beforehand its nationalist AI strategy. The installation is expected to grip workloads requiring up to 500 megawatts of capacity.

Advanced Micro Devices (NASDAQ:AMD) roseate much than 2%, supported by capitalist optimism tied to Nvidia's move. AMD is besides progressive successful an $80 cardinal tech consortium investing crossed the U.S. and Saudi Arabia, according to the White House.

Intel (NASDAQ:INTC) climbed much than 2% aft CFO David Zinsner reaffirmed the company's extremity of breaking adjacent successful its foundry concern by 2027.

Silicon Laboratories (NASDAQ:SLAB) added 1.5% aft issuing upbeat Q1 net and guidance.

Other semiconductor names including Broadcom (NASDAQ:AVGO), Micron (NASDAQ:MU), Qualcomm (NASDAQ:QCOM), Texas Instruments (NASDAQ:TXN), Analog Devices (ADI) and ON Semiconductor (NASDAQ:ON) besides advanced.

This nonfiction archetypal appeared connected GuruFocus.