Nvidia Stock Could Get Another Boost After U.S. Approves UAE AI Chip Deal

It's only been a few weeks since China froze Nvidia (NASDAQ: NVDA) from selling its high-powered chips in the Chinese market. China has been an important market for Nvidia, accounting for 13% of its sales in the company's 2025 fiscal year, so the loss was troubling for Nvidia shareholders. However, the stock got a boost on Thursday when Bloomberg reported that the U.S. has now granted an export license for Nvidia to ship tens of billions of dollars worth of its top artificial intelligence (AI) graphics processing units (GPUs) to the United Arab Emirates. The authorization stems from a May trade agreement that permits the UAE to buy up to 500,000 advanced Nvidia processors each year in exchange for committing to $1.4 trillion of investment in the U.S. over the next decade. Bloomberg reports that the AI accelerators being shipped to the UAE will be earmarked for American companies that have data centers in the UAE, rather than being used by G42, an Abu Dhabi-based AI company.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool