**Nvidia and AMD Stocks Surge as New Saudi AI Partnership Announced**

In a significant boost for semiconductor stocks, Nvidia, and Advanced Micro Devices (AMD) saw notable increases in their share prices on Tuesday. This surge comes on the heels of new partnerships and trade agreements with Saudi Arabia. Nvidia’s shares bolstered by over 6%, whereas AMD experienced a 4% rise. Both companies announced they would be providing semiconductors to the Saudi AI startup Humain as part of new initiatives.

Announced at an event in Riyadh by Nvidia CEO Jensen Huang, the collaboration with Humain will involve deploying "several hundred thousand" Nvidia GPUs over the next five years. This deployment will start with an 18,000 GB300 Grace Blackwell AI supercomputer, integrated with Nvidia’s InfiniBand networking technology.

AMD has also committed to this groundbreaking venture, revealing plans to invest up to $10 billion jointly with Humain. This investment will be focused on constructing AI computing centers that will span from Saudi Arabia to the United States over the next five years.

The news dovetails with a larger objective by President Trump, who has embarked on a four-day trip to the Middle East, commencing with Saudi Arabia. The President aims to secure $1 trillion in investment and trade pledges from the Saudi government, with subsequent visits planned to Qatar and the United Arab Emirates.

Broadcom and Micron Technology also experienced gains, as broader optimism about the semiconductor sector grows. The PHLX Semiconductor Index advanced by approximately 3%, extending Monday’s rallies following an agreement between the U.S. and China to reduce mutual import tariffs for 90 days.