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Technology

Shares of Nvidia surge nearly 6% following news that Saudi Arabia will purchase 18,000 AI chips

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76% Informative

Saudi Arabia will purchase 18,000 of Nvidia 's most advanced AI chips.

Deal with HUMAIN , a subsidiary of Saudi Arabia’s Public Investment Fund focused on artificial intelligence, was announced Tuesday .

The development is a welcome geopolitical win for Nvidia , which has spent the past year navigating escalating U.S. restrictions on chip sales to China .

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87

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formal

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English

Language complexity

56

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short-lived

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