According to CNBC and other foreign media reports, Nvidia CEO Huang Renxun announced on May 13th in Riyadh, Saudi Arabia that he will sell over 18000 of the latest artificial intelligence chips to Humain, an artificial intelligence company newly established by the Saudi sovereign wealth fund PIF this week, for the construction of data centers with a maximum capacity of up to 500 megawatts. Nvidia stated that its first deployment will use its GB300 Blackwell chip, which is one of Nvidia’s most advanced AI chips. The chip was only officially released at the beginning of this year.

According to media reports, Nvidia’s “chip deal” is part of a White House led Middle East tour, where US President Trump and other top corporate CEOs visited Saudi Arabia. Affected by relevant news, Nvidia’s stock price surged 5.63% on May 13th.

Against the backdrop of global competition for AI training chips, this transaction highlights that Nvidia chips have become an important diplomatic bargaining chip for the Trump administration. These chips are the training foundation for advanced AI systems such as ChatGPT. It is a great honor to witness the departure of Humain, “said Huang Renxun.” Saudi Arabia’s grand vision of building a national AI infrastructure will help shape the future of this transformative technology. ”

Saudi Arabia has abundant energy resources and is achieving energy transformation through NVIDIA’s AI supercomputer – essentially an AI factory, “Huang Renxun added. AMD announced on the same day that it will participate in Humain’s 500 MW AI computing power construction project and obtain a chip supply contract. The project has received a billion dollar investment commitment from Humain, driving AMD’s stock price up 4% on Tuesday.