Nvidia Stock, AMD Benefit From Middle East Deals -- WSJ

Dow Jones

05-15

By Denny Jacob

Nvidia shares rose for a third straight day Wednesday, with sentiment in the artificial-intelligence sector bosted by tech deals that followed President Trump's visit to the Middle East. BofA Securities said Nvidia and Advanced Micro Devices are the top beneficiaries of multi-year AI infrastructure projects announced Tuesday with the Saudi Arabia Public Investment Fund. Investors in the sector are also welcoming the administration's decision to scrap a Biden-era rule limiting the diffusion of AI technology. Read more:

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

May 14, 2025 13:43 ET (17:43 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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BofA Securities said Nvidia and Advanced Micro Devices are the top beneficiaries of multi-year AI infrastructure projects announced Tuesday with the Saudi Arabia Public Investment Fund. Investors in the sector are also welcoming the administration's decision to scrap a Biden-era rule limiting the diffusion of AI technology. Read more: \n</p>\n<p>\n       This item is part of a Wall Street Journal live coverage event. 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BofA Securities said Nvidia and Advanced Micro Devices are the top beneficiaries of multi-year AI infrastructure projects announced Tuesday with the Saudi Arabia Public Investment Fund. Investors in the sector are also welcoming the administration's decision to scrap a Biden-era rule limiting the diffusion of AI technology. Read more: \n\n\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n\n\n  (END) Dow Jones Newswires\n\n\n  May 14, 2025 13:43 ET (17:43 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}