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Nvidia, AMD and Amazon to cash in on Saudi Arabia’s AI hub ambitions
AMD remains in a distant second place to Nvidia in terms of AI accelerator sales, but it seems to have found a big customer in Humain. In a separate announcement, it said the two parties will invest up to $10 billion to build 500 megawatts of AI compute capacity in Saudi Arabia, as part of an “AI superstructure.”
Nvidia, AMD shares jump 6% on securing AI deals in Saudi Arabia; here’s how Indian semiconductor stocks react
Saudi Arabian artificial intelligence company Humain to supply semiconductors for a massive data center project. The chipmakers secured deals as part of a larger $600 billion investment package promised by Saudi Arabia to American artificial intelligence companies during President Donald Trump tour of Gulf states.
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AMD stock whipsawed in early trading Wednesday as Wall Street tried to make sense of the company's future outlook.
Advanced Micro Devices, Inc.’s AMD share price has surged by 5.91%, which has investors questioning if this is right time to sell.
When it comes to revenue, the company reported an overall improvement. In the first quarter of 2025, revenue of $7.4 billion ...
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