Nvidia, AMD extend stock gains. Why the AI trade is roaring back. - MarketWatch
1. Nvidia partners with Saudi AI firm Humain for five years. 2. Deal includes deployment of 18,000 chips worth approximately $700 million. 3. Collaboration expected to generate $3-5 billion annually, totaling $15-20 billion. 4. Saudi Arabia's investments could offset restrictions on sales to China. 5. AI spending concerns easing as Saudi Arabia pushes for regional AI dominance.