Market Insight : Nvidia's $600B AI Chip Deal with Saudi Arabia's Humain: A Game-Changer in the Middle East
Market Insight : Nvidia's $600B AI Chip Deal with Saudi Arabia's Humain: A Game-Changer in the Middle East Market Insight : Nvidia's $600B AI Chip Deal with Saudi Arabia's Humain: A Game-Changer in the Middle East Company Overview Nvidia Corporation (NASDAQ: NVDA ) is a leading technology company specializing in the design and manufacture of graphics processing units (GPUs) and AI chipsets. The recent strategic partnership with Saudi Arabia's AI venture, Humain, backed by the Public Investment Fund, marks a significant expansion in Nvidia's AI market presence, reflecting its growing influence in the Middle East and beyond. Technical Indicator Breakdown and Analysis (as of 2025-06-09) EMA12: 129.024119 - The 12-period Exponential Moving Average indicates the short-term price trend, showing recent upward momentum. EMA26: 122.73009 - The 26-period EMA reflects a longer-term trend, currently below EMA12, suggesting bullis...