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(Combo) This combination of images created on January 31, 2025, shows (L) Nvidia CEO Jensen Juan in Las Vegas, Nevada, January 6, 2025, and US President Donald Trump in the White House Oval Cabinet in Washington, DC, January 31, 2025. Jensen Huang, CEO of the Giant AI Chip -Giant Nvidia, met on January 31, 2025 with the President, as well as President Donal Donal. The company suffered an uneven week on Wall -Ratit for competition with China and threatening tariffs on semiconductors.
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It was a stellar week for technology stocks by thawing global tensions and president Donald Trump‘s Middle East.
Tesla and Nvidia This week, 17% and 16%, respectively, when the tension between the US and China and Trump of the Middle East put technical deals in the focus.
Both China and the United States have announced a 90-day pause on tariffs, during the signaling a serious de-escalation of a broad global trade war, which has been knocking on the markets since April.
During the visit under the guidance of the White House in the Middle East this week, Nvidia CEO Jensen Jensen shared plans to sell over 18,000 of his own Artificial intelligence Blackwell chips to Saudi Arabia-On -based Humain for data centers.
Amd He also said he would supply Humain chips. Almost 14%jumped over the week. Tippin and Production of semiconductors at Taiwan There were other technological shares that grew by more than 10%.
Tesla CEO Elon Musk was also in Saudi Arabia and said the kingdom approved the use of Starlink SpaceX Satellite Internet service for aviation and maritime use. Musk also said he plans to bring roboticis to the country.
In United Arab EmiratesThe White House announced a partnership on the construction of a sweaty campus with several US companies. Source reported CNBC that Nvidia is among the companies Support for the project.
Latest White House plans to score back Exports of chip The sinks on China The Presidential Administration Joe Biden also benefited the sector for a “much easier rule”.
Like many peers, Nvidia needs a license to send their chips after the US began to hack exports in 2022 from national security problems.
Last month Nvidia stated that would be Write down the fee for $ 5.5 billion From the delivery of the H20 graphic processor to China, which is the key market for the American chips. Juan said CNBC The fact that the AI China market can reach $ 50 billion over the next two years, and disappearance would be a “huge loss”.
