Nvidia has achieved a significant milestone by surpassing a $3 trillion market capitalization, overtaking Apple. This achievement highlights the growing importance of artificial intelligence (AI) and semiconductor technology. Meanwhile, AWS and HUMAIN have announced an investment exceeding \$5 billion to accelerate AI adoption globally, with a focus on Saudi Arabia. Additionally, the United States is exploring deals on minerals and chips during former President Trump’s Middle East trip, aiming to strengthen ties with Gulf states. Reports indicate that the US is considering allowing the UAE to purchase over a million advanced Nvidia chips, further emphasizing the region’s interest in AI technology. These developments underscore the increasing demand for AI capabilities and the strategic importance of semiconductor technology in global markets.
— new from Barron’s