NVIDIA or reaches $9 billion AI agreement in the Middle East. Trump's visit helps boost negotiations.

With the Trump administration reportedly on the verge of reaching an agreement with Middle Eastern partners on artificial intelligence chips, Nvidia may become the focus this week. The agreement may be finalized during President Trump's visit to the region. Sources revealed that the agreement will allow the UAE's G42 company and the Saudi-backed Humain company to obtain advanced AI chips. Humain, which was recently established, is funded by the Saudi Public Investment Fund. The U.S. government is also considering a $9 billion memorandum of understanding, which involves an American company partnering with a Saudi enterprise to extract and refine key minerals for energy, defense, and technology production.