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Nvidia (NASDAQ:NVDA) just picked up another tailwindand investors are paying attention. Donald Trump said the U.S. and the UAE were close to finalizing a deal to bring advanced American AI chips to Abu Dhabi. It's the second major move this week involving Middle Eastern buyers, following Nvidia's agreement to supply chips to Saudi Arabia. Pair that with a temporary easing of U.S.-China tariffs, and you've got a recipe that could push Nvidia's international expansion into overdrive.
Nvidia stock has surged 15.5% in the past five days, sending its valuation back above the $3.2 trillion mark. That kind of run doesn't happen in a vacuum. It's powered by a bigger narrative: the global race for AI dominanceand Nvidia sitting front and center. The UAE and Saudi Arabia aren't just any customers. They've got the capital, the ambition, and now, potentially, the chips to build next-gen AI ecosystems. If these deals materialize, they could mark the start of a new era of U.S.-Middle East tech cooperationwith Nvidia as the core supplier.
The broader market was flat by comparison. But this isn't just about a handful of green arrows. It's a signal. If AI hardware becomes a key export lever for U.S. growth, Nvidia's momentum might only be getting started.
This article first appeared on GuruFocus.