Nvidia Reclaims $3 Trillion Market Cap Amid Saudi AI Deal

Tone & Political Bias: Weakly Right-Leaning

Why: The article highlights U.S.-Saudi partnerships and Trump-era policy shifts positively, without offering critique or opposing views.

Nvidia's Market Surge

On May 13, 2025, Nvidia’s stock jumped 6.4%, reaching an intraday high of $130.99. This rally pushed its market capitalization to $3.16 trillion, placing the company ahead of Apple for the first time since February. The rise reflects increased investor confidence driven by international deals and AI growth.

Strategic Partnership with Saudi Arabia

Nvidia announced a major partnership with Humain, an artificial intelligence company backed by Saudi Arabia’s Public Investment Fund. Under the deal, Nvidia will provide 18,000 GB300 Grace Blackwell chips. These will power AI factories across Saudi Arabia as part of a 500-megawatt infrastructure project aimed at boosting the country’s AI capabilities.

Part of a Broader $600 Billion Investment Package

The agreement is one part of a larger $600 billion U.S.-Saudi initiative that includes investments in artificial intelligence, defense, and infrastructure. Former U.S. President Donald Trump confirmed the deals during his recent visit to Riyadh. The move is viewed as a strategic realignment in technology and defense cooperation between the two countries.

Positive Impact Across Tech Sector

Nvidia’s announcement contributed to a wider uptick in the tech sector. The Nasdaq Composite rose 2%, and the S&P 500 climbed 1%. Other semiconductor companies, including AMD and Broadcom, also saw stock price increases following similar collaboration announcements with Humain.

Shift in U.S. Export Policy

The latest partnerships were made possible after the Trump administration lifted restrictions on the export of high-performance AI chips to Saudi Arabia. The reversal of earlier export controls opened the path for deeper tech and infrastructure partnerships between U.S. firms and Middle Eastern markets.

Upcoming Earnings Report

Nvidia is scheduled to release its quarterly earnings report on May 28, 2025. Market analysts expect the company to exceed revenue forecasts slightly. Stronger performance is anticipated in the second half of the year due to the ramping up of international deals and demand for AI computing power.