Trump's Middle East Visit: Saudi Arabia Pioneers the AI Era, U.S. Secures Trillion-Dollar Investment, NVIDIA and AMD Surge

TradingKey — U.S. President Donald Trump’s Middle East visit has brought both Saudi Arabia’s AI development vision and major U.S. tech and manufacturing firms into focus, culminating in the largest commercial agreement ever signed between the two countries.

On Tuesday, May 13, Trump announced that Saudi Arabia has pledged to invest $600 billion in the United States. The agreements include investments in building AI data centers and energy infrastructure in the U.S., new healthcare facilities in Michigan, a $142 billion arms sales deal, purchases of energy equipment from GE Vernova, and orders for Boeing (BA.US) passenger aircraft worth $4.8 billion.

Saudi Crown Prince stated that the country aims to increase its investment in the U.S. to $1 trillion—equivalent to Saudi Arabia’s entire GDP.

For Saudi Arabia, this wide-ranging cooperation will accelerate its ambitions in artificial intelligence. NVIDIA (NVDA.US), a leader in AI chips, will export 18,000 of its most advanced chips to Humain, an AI company under Saudi Arabia's Public Investment Fund (PIF), and supply hundreds of thousands of advanced processors over the next five years.

Saudi officials said that NVIDIA's strategic partnership with Saudi Arabia marks a turning point, enabling the country to build future AI factories and unleash computing power that will drive the new era of physical AI.

Meanwhile, AMD (AMD.US) will provide chips and software worth $10 billion to Humain. Amazon(AMZN.US) and Humain have also partnered to develop an “AI zone” in Saudi Arabia, involving investments exceeding $5 billion.

On Tuesday, U.S. chip stocks surged, with the Philadelphia Semiconductor Index rising more than 3%. NVIDIA gained over 5% across two days, while AMD rose by 4%. 

With China resuming Boeing aircraft orders and growing U.S.-Saudi cooperation, Boeing's stock price has rebounded by 49% from its early-April lows.