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In his Official visit to Saudi ArabiaDonald Trump has been accompanied by an entourage of technological entrepreneurs including Elon Musk, Sam Altman, Lisa his and Jensen Huang. The presence of all these technological executives is justified within the framework of A GREAT COMMERCIAL AGREEMENT Between both countries valued at 600,000 million dollars, which includes the sale of more than 18,000 GB300 Blackwell GB300 chips in NVIDIA.
After knowing the agreement, Nvidia’s shareholders launched a trip to buy shares of the manufacturer, causing Jensen Huang’s personal fortune to have increased by 12,000 million dollars in just a few hours.
A breath of air for Nvidia. The agreement with Saudi Arabia arrives as A breath of fresh air After weeks of uncertainty about commercial limitations With China for tariffs, which underlines the strategic importance of this movement. “The AI, like electricity and the Internet, is an essential infrastructure for every nation. Together with Humain, we are building an AI infrastructure so that the people and companies of Saudi Arabia make the bold vision of the kingdom come true,” Huang said after the signing of the agreement.
According to A statement of Nvidia, the agreement includes a first phase with the supply of 18,000 processors for AI GB300 Grace Blackwell For Saudi Arabia to develop Your data centers. Such and as they said From NVIDIA, the objective is to enhance the Saudi technological infrastructure and accelerate its digital transformation as part of the Vision 2030 Plan of which also It is part of neomand whose objective is that the country’s economy stop depending on your deposits of oil and gas.
Humain and Saudi Arabia. The key partner of Nvidia in this agreement is Humain, the Saudi state company of artificial intelligence, Backeddirectly by the Public Investment Fund (PIF) of the Saudi kingdom, which also Finance the pharaonic works of neom.
Humain was created with the aim of developing AI technology. The company is directed by Tareq Amin, a exexecutive of Aramco Digital, and has the direct support of the heir prince Mohammed Bin Salman. The agreement with Nvidia is Humain’s first great step to materialize this vision and an important capital injection for Nvidia, which opens a new booming market for its chips for ia.
A joy for investors. According The published by CNBCthe announcement of the agreement has had a Immediate and very positive effect In the quotation of Nvidia. Their shares rose 6% in a single session after the news is public, and maintains its upward trend adding an increase of 16.78% in recent days.
With this announcement, the recovery of the technological giant price rhythm is consolidated, which recovers 37% from its minimum of 2025 registered in April after the uncertainty generated by the USA tariffs to China. Bank of America analysts They estimatedthe total value of the agreement at 7,000 million dollars, which together with the estimate of Chips sales to United Arab Emirateshas returned optimism to technological investors.
Well for Nvidia, well for Huang. Jensen Huang cannot be more satisfied with the agreement signed with Saudi Arabia. Thanks to the response of his shareholders, the assessment of his fortune has increased by 12,000 million dollars in a single afternoon, achieving the Greater gain in dollars In a single day for an executive of the technological sector that controls 3.5% of Nvidia’s actions.
This fortune places Huang at the doors of the top 10 of the world’s largest fortunes, with an estimated total heritage of 118.2 billion dollars, turning Huang into the eleventh person richer on the planet. The Nvidia CEO is just one step behind figures like Amancio Ortega – which occupies the tenth place In the Forbes ranking-; Steve Ballmer, Excus from Microsoft; or the founders of Google Serguéi Brin and Larry Page.
Image | Nvidia
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