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Nvidia Reclaims $3 Trillion Valuation as Saudi AI Deal Boosts Jensen Huang’s Wealth

The chipmaker’s stock surged after a $10 billion AI chip deal with Saudi Arabia, lifting Huang’s net worth by $12 billion in one day.

Nvidia CEO Jensen Huang saw his personal fortune surge by $12 billion in a single day following the chipmaker's landmark deal with Saudi Arabia.
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Overview

  • Nvidia announced a landmark agreement to supply 18,000 GB300 Blackwell chips to Saudi AI startup Humain, backed by the nation’s sovereign wealth fund.
  • The deal, part of Saudi Arabia’s broader AI ambitions, helped Nvidia shares rise over 5%, pushing its market cap back above $3 trillion.
  • CEO Jensen Huang’s personal fortune surged by $12 billion in a single day, bringing his total net worth to nearly $120 billion.
  • President Donald Trump approved expanded access for Saudi Arabia and the UAE to U.S.-manufactured AI chips, rolling back Biden-era export restrictions.
  • Other U.S. chipmakers, including AMD, also secured multi-billion-dollar contracts in the Gulf region, reflecting the growing global demand for advanced AI infrastructure.