Semiconductors and AI on the rise; Nvidia stock gains another 3% 📈

AMD

Stocks

AMD.US, Advanced Micro Devices Inc

Super Micro Computer

Stocks

SMCI.US, Super Micro Computer Inc

AI and semiconductor stocks are gaining significantly ahead of the open on Wall Street, extending a strong rally following a recent broad-market sell-off after U.S. President Donald Trump secured $600 billion in commitments from Saudi Arabia for U.S. tech companies during a tour of the Gulf states. Nvidia (NVDA.US) has agreed to sell hundreds of thousands of AI chips in Saudi Arabia as part of a U.S.-Saudi partnership, a sign that demand for the chips is still growing. The corporation, along with Advanced Micro Devices (AMD.US) and Qualcomm (QCOM.US), announced deals with Humain, an AI startup launched Monday by a Saudi sovereign wealth fund.

Meanwhile, shares of Super Micro Computer (SMCI.US) are up 18% premarket.

Source: xStation

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Semiconductors and AI on the rise; Nvidia stock gains another 3% 📈

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