Nvidia and other AI stocks climbed Wednesday, extending Tuesday's gains as Saudi partnerships stoked excitement for future deals.

Nvidia will sell more than 18,000 of its latest artificial intelligence chips to Saudi company Humain, CEO Jensen Huang announced Tuesday. The announcement was made as part of a White House-led trip to the region that includes President Donald Trump and other top CEOs.

Nvidia’s partnership with Saudi Arabia’s Humain could help offset some of its revenue losses in China, analysts said.

Nvidia and AMD stocks surged after landing major AI chip deals with Saudi Arabias Humain, a subsidiary of the Public Investment Fund. The multibillion-dollar agreements aim to supply advanced processors for massive AI data centers,

Nvidia shares rose for a third straight day Wednesday, with sentiment in the artificial-intelligence sector bosted by tech deals that followed President Trump's visit to the Middle East. BofA Secur

The United States does not hold a monopoly on technological breakthroughs. As it sought to contain China’s advances in artificial intelligence, President Joe Biden’s administration tried to use restrictions on cutting-edge chips from Nvidia as a cudgel,

Nvidia stock jumped over 3% early Wednesday after the company and fellow chipmakers announced billions of dollars worth of AI deals with Saudi Arabia.

The next front in the AI arms race isn’t Beijing. It’s in Riyadh, at least according to Wedbush. A sweeping new partnership between Nvidia and Saudi Arabia’s sovereign AI initiative, Humain, was the focus of the gathering.