Nvidia and other AI stocks climbed Wednesday, extending Tuesday's gains as Saudi partnerships stoked excitement for future deals.

Nvidia stock jumped over 3% early Wednesday after the company and fellow chipmakers announced billions of dollars worth of AI deals with Saudi Arabia.

The announcements follow reports that the US administration intends to facilitate AI chip deals between American firms and Gulf nations.

[CNBC] Nvidia turns positive for 2025, third ‘Magnificent 7’ member to do so as favored group regains groove Nvidia on Wednesday climbed into positive territory for the year, becoming the latest "Magnificent 7" member stock to flip into the green amid the broader market's recovery.

The United States does not hold a monopoly on technological breakthroughs. As it sought to contain China’s advances in artificial intelligence, President Joe Biden’s administration tried to use restrictions on cutting-edge chips from Nvidia as a cudgel,

Live Updates Live Coverage Updates appear automatically as they are published. NVDA Top Dow Stock This Past Week 8:30 am NVIDIA will add to its already stellar week, up 15% over the past 5 trading days with what looks to be another 3% starting Wednesday trading.

President Donald Trump has continued to voice his desire for the U.S. to remain an AI leader while trying to keep top tech out of the hands of China.

The next front in the AI arms race isn’t Beijing. It’s in Riyadh, at least according to Wedbush. A sweeping new partnership between Nvidia and Saudi Arabia’s sovereign AI initiative, Humain, was the focus of the gathering.