Nvidia Leads Chips Stocks Higher on Optimism About New Partnerships, Trade Deals

1. Nvidia's stock surged over 6% amid new partnerships in Saudi Arabia. 2. Nvidia plans to deploy hundreds of thousands of GPUs to Humain over five years. 3. AMD will invest $10 billion to develop AI computing centers with Humain. 4. President Trump seeks $1 trillion in trade pledges during his Middle East trip. 5. Other semiconductor stocks also rose, boosting the PHLX Semiconductor Index by 3%.