• About us
  • Contacts
  • Privacy Policy
  • Terms and Conditions
  • Email Whitelisting
Friday, May 16, 2025
The American Dream Report
  • Congress
  • Politics
    Walmart to pass on tariff burden to shoppers, bracs for margin volatility

    Walmart to pass on tariff burden to shoppers, bracs for margin volatility

    Trump’s Middle East trip: is this the privatization of American foreign policy?

    Trump’s Middle East trip: is this the privatization of American foreign policy?

    US stocks open mostly in the green: Nasdaq up 0.6%, S&P 500 up 0.3%

    US stocks open mostly in the green: Nasdaq up 0.6%, S&P 500 up 0.3%

    Trump in Saudi Arabia: Riyadh pledges $600 billion investment in US

    Trump in Saudi Arabia: Riyadh pledges $600 billion investment in US

    US considers deal to let UAE import over a million advanced Nvidia chips: report

    US considers deal to let UAE import over a million advanced Nvidia chips: report

    ‘Too late Powell?’: Trump blasts Fed anew as April inflation shows slight dip

    ‘Too late Powell?’: Trump blasts Fed anew as April inflation shows slight dip

    Nvidia hits $3.17 tn, closes in on Apple’s m-cap after Saudi partnership: can it reshape tech rankings?

    Nvidia hits $3.17 tn, closes in on Apple’s m-cap after Saudi partnership: can it reshape tech rankings?

    Burberry to cut 18% of global workforce in cost-saving push amid turnaround efforts

    Burberry to cut 18% of global workforce in cost-saving push amid turnaround efforts

    Two men, one turning point: Romania heads into 2025 presidential election, seen as major political test

    Two men, one turning point: Romania heads into 2025 presidential election, seen as major political test

  • Health Care
  • Economy
    YouTube will stream NFL Week 1 game in Brazil for free

    YouTube will stream NFL Week 1 game in Brazil for free

    Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

    Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

    Cargo thieves are attacking the U.S. supply chain at alarming rates

    Cargo thieves are attacking the U.S. supply chain at alarming rates

    Fortnite applies to launch on Apple’s App Store after Epic Games court win

    Fortnite applies to launch on Apple’s App Store after Epic Games court win

    Fox streaming service to be called Fox One, launch before NFL season

    Fox streaming service to be called Fox One, launch before NFL season

    Walgreens doubles down on prescription-filling robots to cut costs, free up pharmacists amid turnaround

    Walgreens doubles down on prescription-filling robots to cut costs, free up pharmacists amid turnaround

    McDonald’s announces plan to hire 375,000 employees this summer

    McDonald’s announces plan to hire 375,000 employees this summer

    Father and son fraudsters sentenced in case of $100 million New Jersey deli

    Father and son fraudsters sentenced in case of $100 million New Jersey deli

    UnitedHealth CEO suddenly steps down for ‘personal reasons’

    UnitedHealth CEO suddenly steps down for ‘personal reasons’

  • Energy and Environment
  • Editor’s Pick
    XRP Vs Polkadot ETF: Which Crypto ETF Will Get SEC Approval First?

    XRP Vs Polkadot ETF: Which Crypto ETF Will Get SEC Approval First?

    Consensus 2025: Full Agenda, Big Names, and Why It Matters for Crypto

    Consensus 2025: Full Agenda, Big Names, and Why It Matters for Crypto

    Dogecoin Sees $3B in Open Interest as Bears Defend $0.25

    Dogecoin Sees $3B in Open Interest as Bears Defend $0.25

    Sui Vs Solana: SUI Leads in Inflows, Records ATH TVL

    Sui Vs Solana: SUI Leads in Inflows, Records ATH TVL

    Crypto Market in April: Meme Tokens, Liquidity Battles, and New Market Dynamics

    Crypto Market in April: Meme Tokens, Liquidity Battles, and New Market Dynamics

    Ethereum Eyes $4,000 as On-Chain Data Confirms Whale Accumulation and Supply Crunch

    Ethereum Eyes $4,000 as On-Chain Data Confirms Whale Accumulation and Supply Crunch

    XRP Price Prediction as Binance Data Reveals Early Signs Of Bull Run

    XRP Price Prediction as Binance Data Reveals Early Signs Of Bull Run

    Solana’s Volume Goes Dark: Can Private DEX Dominance Move SOL Price?

    Solana’s Volume Goes Dark: Can Private DEX Dominance Move SOL Price?

    XRP Lawyer Warns Stablecoin Bill Could Delay Till 2029; Here’s Why

    XRP Lawyer Warns Stablecoin Bill Could Delay Till 2029; Here’s Why

No Result
View All Result
  • Congress
  • Politics
    Walmart to pass on tariff burden to shoppers, bracs for margin volatility

    Walmart to pass on tariff burden to shoppers, bracs for margin volatility

    Trump’s Middle East trip: is this the privatization of American foreign policy?

    Trump’s Middle East trip: is this the privatization of American foreign policy?

    US stocks open mostly in the green: Nasdaq up 0.6%, S&P 500 up 0.3%

    US stocks open mostly in the green: Nasdaq up 0.6%, S&P 500 up 0.3%

    Trump in Saudi Arabia: Riyadh pledges $600 billion investment in US

    Trump in Saudi Arabia: Riyadh pledges $600 billion investment in US

    US considers deal to let UAE import over a million advanced Nvidia chips: report

    US considers deal to let UAE import over a million advanced Nvidia chips: report

    ‘Too late Powell?’: Trump blasts Fed anew as April inflation shows slight dip

    ‘Too late Powell?’: Trump blasts Fed anew as April inflation shows slight dip

    Nvidia hits $3.17 tn, closes in on Apple’s m-cap after Saudi partnership: can it reshape tech rankings?

    Nvidia hits $3.17 tn, closes in on Apple’s m-cap after Saudi partnership: can it reshape tech rankings?

    Burberry to cut 18% of global workforce in cost-saving push amid turnaround efforts

    Burberry to cut 18% of global workforce in cost-saving push amid turnaround efforts

    Two men, one turning point: Romania heads into 2025 presidential election, seen as major political test

    Two men, one turning point: Romania heads into 2025 presidential election, seen as major political test

  • Health Care
  • Economy
    YouTube will stream NFL Week 1 game in Brazil for free

    YouTube will stream NFL Week 1 game in Brazil for free

    Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

    Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

    Cargo thieves are attacking the U.S. supply chain at alarming rates

    Cargo thieves are attacking the U.S. supply chain at alarming rates

    Fortnite applies to launch on Apple’s App Store after Epic Games court win

    Fortnite applies to launch on Apple’s App Store after Epic Games court win

    Fox streaming service to be called Fox One, launch before NFL season

    Fox streaming service to be called Fox One, launch before NFL season

    Walgreens doubles down on prescription-filling robots to cut costs, free up pharmacists amid turnaround

    Walgreens doubles down on prescription-filling robots to cut costs, free up pharmacists amid turnaround

    McDonald’s announces plan to hire 375,000 employees this summer

    McDonald’s announces plan to hire 375,000 employees this summer

    Father and son fraudsters sentenced in case of $100 million New Jersey deli

    Father and son fraudsters sentenced in case of $100 million New Jersey deli

    UnitedHealth CEO suddenly steps down for ‘personal reasons’

    UnitedHealth CEO suddenly steps down for ‘personal reasons’

  • Energy and Environment
  • Editor’s Pick
    XRP Vs Polkadot ETF: Which Crypto ETF Will Get SEC Approval First?

    XRP Vs Polkadot ETF: Which Crypto ETF Will Get SEC Approval First?

    Consensus 2025: Full Agenda, Big Names, and Why It Matters for Crypto

    Consensus 2025: Full Agenda, Big Names, and Why It Matters for Crypto

    Dogecoin Sees $3B in Open Interest as Bears Defend $0.25

    Dogecoin Sees $3B in Open Interest as Bears Defend $0.25

    Sui Vs Solana: SUI Leads in Inflows, Records ATH TVL

    Sui Vs Solana: SUI Leads in Inflows, Records ATH TVL

    Crypto Market in April: Meme Tokens, Liquidity Battles, and New Market Dynamics

    Crypto Market in April: Meme Tokens, Liquidity Battles, and New Market Dynamics

    Ethereum Eyes $4,000 as On-Chain Data Confirms Whale Accumulation and Supply Crunch

    Ethereum Eyes $4,000 as On-Chain Data Confirms Whale Accumulation and Supply Crunch

    XRP Price Prediction as Binance Data Reveals Early Signs Of Bull Run

    XRP Price Prediction as Binance Data Reveals Early Signs Of Bull Run

    Solana’s Volume Goes Dark: Can Private DEX Dominance Move SOL Price?

    Solana’s Volume Goes Dark: Can Private DEX Dominance Move SOL Price?

    XRP Lawyer Warns Stablecoin Bill Could Delay Till 2029; Here’s Why

    XRP Lawyer Warns Stablecoin Bill Could Delay Till 2029; Here’s Why

No Result
View All Result
The American Dream Report
No Result
View All Result
Home Politics

Nvidia hits $3.17 tn, closes in on Apple’s m-cap after Saudi partnership: can it reshape tech rankings?

by The American Dream Report
May 14, 2025
in Politics
0
Nvidia hits $3.17 tn, closes in on Apple’s m-cap after Saudi partnership: can it reshape tech rankings?

Nvidia Corp. came within striking distance of overtaking Apple Inc. as the world’s second most valuable company on Tuesday, as its stock rallied on optimism around chip sales to Saudi Arabia and artificial intelligence infrastructure deals.

The company’s shares jumped 5.6% to close at $129.93, lifting its market capitalisation to $3.17 trillion — just shy of Apple’s $3.18 trillion.

Nvidia’s gains on Tuesday bring its total rise since April to 38%, outpacing Apple’s 23% climb in the same period.

“At this pace, Nvidia may soon overtake Apple as the second-largest company in the world,” says Jessica Amir, market strategist at Moomoo Australia.

The rally has also propelled the wealth of Nvidia’s co-founder and CEO Jensen Huang, whose net worth surged to around $120 billion — up from $80 billion a year ago.

That puts him just outside the top ten in Forbes’ real-time billionaires list, a reflection of how closely his fortune is tied to Nvidia’s explosive growth in AI.

Huang has steered Nvidia to the centre of the global AI boom, capitalising on the insatiable demand for high-performance chips used to train large language models and other generative AI tools.

Saudi deal signals new growth frontier

Investor optimism was further boosted by Nvidia’s announcement of a new partnership with Saudi Arabia’s Humain, an AI startup backed by the kingdom’s sovereign wealth fund.

Speaking at the Saudi-US Investment Forum in Riyadh, Huang confirmed that Nvidia would supply the chips for a 500 megawatt data centre project that will be central to Saudi Arabia’s AI ambitions.

The project will begin with 18,000 of Nvidia’s GB300 Grace Blackwell Superchips, with hundreds of thousands more to follow over the next five years.

The chips will be connected using Nvidia’s InfiniBand networking technology, reflecting the scale and sophistication of the infrastructure being built in the Gulf region.

The development aligns with the Trump administration’s broader strategy of expanding semiconductor access in the Middle East.

A potential deal to allow the UAE to import over a million Nvidia chips is also under consideration, which analysts believe could add further upside to the company’s stock.

“Nvidia needs just another US$11 billion more in market capitalisation to reach the goal,” Amir said.

“Then it could tap Microsoft on the shoulder to reclaim the No.1 spot. There’s more upside for Nvidia as the US is weighing a deal to allow the United Arab Emirates to import more than one million Nvidia chips, while major S&P 500 tech companies have reaffirmed they’re also buying more,” she added.

Earnings on deck, China ban still a drag

Despite the rally, Nvidia still faces headwinds.

Analysts at UBS said they expect the company to beat revenue expectations in its upcoming earnings report on May 28, though earnings per share might slightly disappoint.

UBS strategist Timothy Arcuri trimmed his price target to $175 from $180, citing continued restrictions on Nvidia’s most advanced chips in China.

To mitigate the impact, Nvidia is reportedly preparing a downgraded version of its H20 chip for the Chinese market, though the company has declined to comment.

Nonetheless, momentum is clearly with Nvidia.

As long as AI remains at the forefront of global tech priorities, Nvidia’s climb appears far from over.

The post Nvidia hits $3.17 tn, closes in on Apple’s m-cap after Saudi partnership: can it reshape tech rankings? appeared first on Invezz

Related Posts

Walmart to pass on tariff burden to shoppers, bracs for margin volatility
Politics

Walmart to pass on tariff burden to shoppers, bracs for margin volatility

May 15, 2025
Trump’s Middle East trip: is this the privatization of American foreign policy?
Politics

Trump’s Middle East trip: is this the privatization of American foreign policy?

May 14, 2025
US stocks open mostly in the green: Nasdaq up 0.6%, S&P 500 up 0.3%
Politics

US stocks open mostly in the green: Nasdaq up 0.6%, S&P 500 up 0.3%

May 14, 2025
Trump in Saudi Arabia: Riyadh pledges $600 billion investment in US
Politics

Trump in Saudi Arabia: Riyadh pledges $600 billion investment in US

May 14, 2025
US considers deal to let UAE import over a million advanced Nvidia chips: report
Politics

US considers deal to let UAE import over a million advanced Nvidia chips: report

May 14, 2025
‘Too late Powell?’: Trump blasts Fed anew as April inflation shows slight dip
Politics

‘Too late Powell?’: Trump blasts Fed anew as April inflation shows slight dip

May 14, 2025
Next Post
‘Too late Powell?’: Trump blasts Fed anew as April inflation shows slight dip

‘Too late Powell?’: Trump blasts Fed anew as April inflation shows slight dip

Recommended

Fed’s Stagflation Warning Impacts Crypto Markets

Fed’s Stagflation Warning Impacts Crypto Markets

May 14, 2025
Bitcoin Rebounds to $83,404 Amid Renewed Investor Confidence

Bitcoin Rebounds to $83,404 Amid Renewed Investor Confidence

May 14, 2025
Gold Price Surge Hits $3,385 Amid Trade Tensions

Gold Price Surge Hits $3,385 Amid Trade Tensions

May 14, 2025
State Department breaks down plan to deal with Columbia, Hamas, Rubio taking on NSA

State Department breaks down plan to deal with Columbia, Hamas, Rubio taking on NSA

May 14, 2025
Fintech company Chime files for Nasdaq IPO

Fintech company Chime files for Nasdaq IPO

May 14, 2025
BNB Price Surge Leads Crypto Gains as Bitcoin Climbs

BNB Price Surge Leads Crypto Gains as Bitcoin Climbs

May 14, 2025
https://widget.onlyoffers.io/?apiKey=e2WjBTdyN0Dtf11fdOwJbWsBuQ3b8uyMfhQsQMtyXFU

    Test

    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: TheAmericanDreamReport.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2020-2024 The American Dream Report. All Rights Reserved.

    No Result
    View All Result
    • About us
    • Contacts
    • Email Whitelisting
    • Home
    • Privacy Policy
    • Suspicious-Engagement
    • Terms and Conditions
    • Thank You
    • Thank you
    • Thank you page

    Copyright © 2023 SmarterNewsNow. All Rights Reserved.