** Shares of AI chip leader Nvidia NVDA.O rise 4% to $113.30
** U.S. is weighing a potential easing of restrictions on Nvidia sales to the United Arab Emirates, Bloomberg News reports
** President Donald Trump could announce the start of work on a bilateral chip deal during his upcoming trip to UAE - Bloomberg News
** AI stocks also benefiting from upbeat Microsoft MSFT.O earnings, easing some investor jitters around hefty AI spending
** Analysts' average rating on the stock is "buy"; their median PT is $168.00
** NVDA down ~15% YTD
(Reporting by Arsheeya Bajwa in Bengaluru)
((ArsheeyaSingh.Bajwa@thomsonreuters.com; +91 8510015800;))
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