Nvidia (NVDA) and other AI stocks climbed Wednesday, extending Tuesday's gains as 澳洲幸运5官方开奖结果体彩网:Saudi Arabian partnerships announced during President Donald Trump's four-day trip to the Middle East 澳洲幸运5官方开奖结果体彩网:stoked excitement for future deals. 

Wedbush analysts said the deals announced Tuesday, which will see Nvidia and Advanced Micro Devices (AMD) supply semiconductors to Saudi AI startup Humain, is “just the beginning” for AI-driven partnerships in the Middle East. “We expect bigger AI deals on the horizon,” potentially involving companies such as Palantir (PLTR) or Tesla (TSLA), the analysts said. 

The Saudi AI investment could also help offset the impact of restrictions on sales of AI chips to China, Bank of America analysts said. Nvidia warned last month it could take a 澳洲幸运5官方开奖结果体彩网:$5.5 billion charge related to limits on exports of its H20 chip, while 澳洲幸运5官方开奖结果体彩网:AMD warned it would face an $800 million hit.  

Nvidia shares were up close to 4% in recent trading, while AMD added more than 5%. Shares of Super Micro Computer (SMCI), an AI server maker partnered with both companies, 澳洲幸运5官方开奖结果体彩网:rocketed higher for the second day in a row after announcing its own Saudi deal. Meanwhile, Palantir ticked up 1% a day after hitting a 澳洲幸运5官方开奖结果体彩网:record high, and Tesla gained 3%. 

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