US Considers Allowing Nvidia Chip Exports to Saudi Arabia, Nvidia Up 5.04%

Sep 11, 2024, 05:15 PM

The U.S. government is considering allowing Nvidia to export advanced AI chips to Saudi Arabia, according to a report by Semafor. This potential approval could help Saudi Arabia develop powerful AI models. Nvidia's stock ($NVDA) has risen by approximately 5.04% following the news, partly due to a multi-million share offer being lifted.