Why Nvidia Stock Surged Higher Again Today
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Nvidia's stock surged 5.6% as CEO Jensen Huang attended a Saudi Arabia-U.S. investment forum, announcing a deal to sell over 18,000 Blackwell chips to Saudi company Humain for AI data centers. This partnership aims to enhance Saudi Arabia's AI infrastructure. Additionally, the White House revealed $600 billion in Saudi investments in the U.S., including $20 billion for AI data centers, suggesting Nvidia's involvement in future growth. Investors remain optimistic about Nvidia's potential for continued expansion.
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