Semiconductor shares rose in Tuesday trading. SOXL up 6%; Nvidia up 5%; Broadcom, Micron, Marvell up 3%; TSMC, Intel, AMD up 2%.

Nvidia will send semiconductors to Saudi Arabian AI company Humain for a 500 megawatt data center buildout, Bloomberg News reported.

Saudi Arabia-based Humain's CEO Tareq Amin said that the company will build 1.9 gigawatts of data centers by 2030, the report added.

Earlier this week, Prince Mohammed bin Salman bin Abdulaziz Al Saud launched Humain, which is owned by the Public Investment Fund, or PIF, in Saudi Arabia. Humain will provide AI services and products, including next-generation data centers, AI infrastructure and cloud capabilities, and advanced AI models and solutions. The company will also offer multimodal Arabic large language models, or LLMs, according to the PIF.

Nvidia did not immediately respond to a request for comment from Seeking Alpha.

The announcement came during President Donald Trump's visit to the region, starting with Saudi Arabia.

Nvidia CEO Jensen Huang announced the partnership on stage at the Saudi-US Investment Forum in Riyadh.

Saudi Arabia has mandated that personal and financial information should be stored locally, pushing international companies to place facilities in the kingdom to avoid losing contracts, the report added.

Trump will go from Riyadh to Qatar on Wednesday and the United Arab Emirates, or UAE, on Thursday, Reuters reported.

Trump was accompanies by business leaders, including Tesla CEO Elon Musk. Musk talked briefly with both Trump and the crown prince during a palace reception for Trump.

Trump is seeking to secure trillions of dollars of investments from the Gulf oil producers.

"About a billion dollars of investment is being made in frontier technologies and obviously it is no surprise that the lion's share's of these investments has gone into U.S. companies," said Deputy CEO Rayan Fayez of NEOM, a futuristic city being built by Saudi Arabia.

Other business tycoons at the Saudi-U.S. Investment Forum included, BlackRock's CEO Larry Fink, Blackstone's CEO Stephen Schwartzman, Treasury Secretary Scott Bessent, and Saudi Finance Minister Mohammed Al Jadaan and Falih.