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Nvidia shares up 2% in premarket as U.S. approves sales of its chips to the UAE

1. Microsoft secures licenses to ship Nvidia chips to UAE. 2. The approval allows 60,400 A100 chips and advanced GB300 GPUs. 3. Chips will support AI models from major tech firms like OpenAI. 4. Nvidia shares rose by 1.97% in premarket trading.

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FAQ

Why Bullish?

Increased demand for Nvidia's chips in the UAE market could drive higher revenues.

How important is it?

The article indicates significant growth potential in AI tech that directly involves Nvidia, affecting future demand.

Why Long Term?

Expansion into the UAE represents a sustained growth opportunity for Nvidia's AI technologies.

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