Saudi Arabia

Elon Musk's AI startup, xAI, will be the inaugural client of a massive Saudi-backed data center powered by hundreds of thousands of Nvidia Corp.'s (NASDAQ:NVDA) chips. Saudi Arabia's Mega AI Project Takes Shape On Wednesday, at the U.S.-Saudi Investment Forum in Washington, D.C., Nvidia CEO Jensen...

Electric vehicle giant Tesla Inc. (NASDAQ:TSLA) and CEO Elon Musk had grand ambitions with the launch of the Cybertruck. Expectations have underperformed, but there could be good news with the vehicle expanding to more international markets. What Happened: Tesla officially launched the Cybertruck...

It's Nvidia Corp's (NASDAQ:NVDA) week to shine as earnings land on Wednesday after the bell. But Saudi Arabia may have just given rival Advanced Micro Devices Inc (NASDAQ:AMD) a stage-stealing spotlight. The kingdom's new AI startup, Humain, has broken ground on its first data centers in Riyadh and...

If the original Silk Road moved silk and spices, the 2025 version is trading in silicon. At the center sits NVIDIA Corp (NASDAQ:NVDA), the $4 trillion chip colossus, threading its GPUs through the geopolitical maze of China's firewalls and Saudi Arabia's gilded data palaces. The stakes? Not just...

Advanced Micro Devices, Inc. (NASDAQ:AMD) and Cisco Systems, Inc. (NASDAQ:CSCO) shares are higher in Wednesday's extended trading session after The Information reported the companies will invest in a Saudi AI-related cloud project.  Last month, Cisco and AMD announced they will be joining HUMAIN's...

A top executive at Advanced Micro Devices Inc. (NASDAQ:AMD) made a sizable open market purchase in the stock this week, signaling confidence in the chipmaker’s prospects, amid strengthening fundamentals and easing geopolitical pressures. What Happened: According to the company’s SEC...

Saudi Arabian Mining Company (Ma'aden) has signed a memorandum of understanding with MP Materials (NYSE:MP) to develop an integrated rare earth supply chain in Saudi Arabia. The agreement, signed on the sidelines of the U.S.-Saudi Investment Forum 2025 in Riyadh, reflects both governments'...

Wedbush analyst Daniel Ives praised the upcoming ‘AI Revolution’ in Saudi Arabia and the Middle East after the U.S.-Saudi Investment Forum on Tuesday, which saw a slew of announcements on the artificial intelligence front. What Happened: The Jensen Huang-led chipmaker announced a new...

Saudi Arabia announced the launch of Humain, a state-owned artificial intelligence company led by Crown Prince Mohammed bin Salman, with Tareq Amin, former CEO of Aramco Digital, appointed as CEO. What Happened: The announcement was made just before the start of President Donald Trump's tour of the...

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk revealed that both Saudi Crown Prince Mohammed bin Salman and U.S. President Donald Trump were impressed by the company’s Optimus humanoid robot during a demonstration in Riyadh, where the robot danced to “YMCA.” What Happened: “We just...

On Tuesday, Nvidia Corp. (NASDAQ:NVDA) CEO, Jensen Huang’s net worth stood at $114 billion, closing in on $120 billion, with the company’s stock rallying by nearly 15% this week, and reentering the $3 trillion market cap club. What Happened: This marks a sharp reversal in fortune for...

President Donald Trump made a significant diplomatic gesture towards Iran on Tuesday, expressing hope for improved relations in the Middle East. This comes as he lauds the transformative efforts of Saudi Arabia, Qatar, and the United Arab Emirates in turning their capitals into thriving commercial...

Wall Street's rally stretched into a second session Tuesday, fueled by improving investor sentiment after an early-week breakthrough in U.S.-China trade talks, easing inflation data and fresh geopolitical headlines involving major investment pledges from the Middle East. The Consumer Price Index...

Boeing Company (NYSE:BA) shares are trading higher on Tuesday after the company disclosed that Saudi Arabia-based AviLease placed its first direct order for the purchase of 20 737-8 jets, along with options for an additional 10 aircraft. This agreement allows AviLease to expand its increasing fleet...

Donald Trump is heading to Saudi Arabia this week, sparking fresh speculation over a potential civil nuclear agreement between Washington and Riyadh. The kingdom has long expressed interest in developing its own nuclear energy capabilities, and the U.S. administration appears eager to engage in...