Nvidia: Middle East Demand Boosts AI Market
Source: afr.com
Published on May 28, 2025
Analysts suggest that Middle Eastern demand for Nvidia chips could potentially add $US1 trillion ($1.6 trillion) to the global artificial intelligence market. This assessment comes as observers await quarterly earnings reports from the remaining tech stocks on Thursday.
According to Wedbush managing director Daniel Ives, AI spending from Saudi Arabia and the United Arab Emirates could compensate for a gap left by China for the chip maker, valued at $US3.3 trillion ($5.1 trillion). This follows Nvidia’s founder Jensen Huang accompanying US President Donald Trump on a four-day visit to the Gulf earlier this month.