Nvidia (NVDA) Soars on Saudi AI Chip Deal, Closes in on Apple's Market Cap

Faizan Farooque

Wed, May 14, 2025, 1:56 PM 1 min read

Nvidia (NVDA, Financials) is making a superior run astatine Apples (AAPL, Financials) crown. The chipmakers banal jumped again Wednesday aft it signed a ample AI spot woody successful Saudi Arabia, lifting its valuation to astir $3 trillion conscionable shy of Apples.Nvidia agreed to proviso hundreds of thousands of its precocious AI chips to a caller Saudi-backed steadfast called Humain. The firm, supported by the countrys Public Investment Fund, plans to rotation retired information centers and AI services crossed the region.

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The marketplace loved the news. Nvidias banal climbed much than 5% Wednesday, aft already rallying the time before. The leap pushed its valuation to astir $3 trillion, mounting it up to perchance surpass Apple successful the coming days.The rally besides lifted CEO Jensen Huangs nett worthy to $120 billion, putting him successful the aforesaid wealthiness league arsenic Mark Zuckerberg and Larry Page.The woody gives Nvidia an borderline arsenic Middle Eastern countries determination wealth into gathering retired their ain AI ecosystems. It besides helps the institution counterbalance softening request successful China, wherever export restrictions person constricted shipments of immoderate high-end chips.Nvidias ascent to a $3 trillion marketplace headdress marks a large milestone successful its improvement from a gaming spot institution to a cardinal subordinate successful planetary AI infrastructure. The adjacent question: Can it prolong the momentum and leapfrog Apple?

This nonfiction archetypal appeared connected GuruFocus.