Nvidia (NASDAQ: NVDA) made headlines this week after announcing a landmark agreement with Saudi Arabiaโs AI-focused investment initiative, HUMAIN.
Nvidiaโs Deal Accelerates Saudi AI Growth
The deal includes the delivery of hundreds of thousands of GPUs over the next five years, notably featuring 18,000 of Nvidiaโs next-gen GB300 Grace Blackwell AI supercomputers, among the most advanced in the world.
Sponsored
http://the company said in a statement.โNVIDIA will strengthen the nationโs computing ecosystem and train thousands of developers with the skills to solve complex challenges with accelerated computing and AI,โ the company said in a statement.
The $10 billion project also involves building a massive 500-megawatt AI data center in Saudi Arabia, representing one of the largest U.S.-Saudi tech deals to date.
It coincides with broader AI collaborations in the region, as U.S. President Donald Trump secured $600 billion in commitments for U.S. companies during a tour of Gulf states.
Nvidia Stock Soars
Following the announcement, Nvidia shares surged 6.93% on Tuesday, closing at $132.69 and pushing the companyโs market capitalization to nearly $3.2 trillion.
The stock opened higher on Wednesday at $132.73, signaling further investor enthusiasm.
Crypto AI Sector Reacts Positively
The crypto marketโs AI and Big Data segment rallied in response, with the sector growing 5.35%, according to CoinMarketCap. The total market cap of AI-linked crypto projects reached $39.85 billion, according to CoinMarketCap data.
The biggest gainer was TRUMP GROK, a meme coin blending Donald Trumpโs brand with AI themes, which skyrocketed more than 425% in 24 hours, riding the wave of both Trump-related headlines and AI hype.
Meanwhile, more technically grounded crypto AI projects also saw moderate gains. Render Network (RNDR), which directly utilizes Nvidia GPUs for decentralized AI rendering, rose 1.6%.
Theta Network (THETA), focused on decentralized video and AI infrastructure, climbed 2.4%.
One notable outlier was Bittensor (TAO), a decentralized AI network. Despite being a name in the AI crypto space, it slipped 2.45% to $454.4, showing that not all crypto AI coins benefited equally.
Why This Matters
As Nvidia strengthens its position as a leader in global AI infrastructure, crypto AI projects using its GPUs are becoming popular investments for retail investors looking to profit from AI growth.
Read DailyCoinโs hottest crypto news:
Shiba Inu (SHIB) Catches Scottie Pippenโs Eye In Bull Run
Curve Finance Site Hijacked in DNS Attack, Users Urged to Stay Away
