Saudi Arabia wants to rock the casbah. While the U.S. is currently the leader in AI technology, China is looming large in America's rear-view mirror. 💸💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰💸 In 2015 China launched "Made in China 2025,

U.S. tech giants including Nvidia, AMD, and Qualcomm have signed major AI deals with Saudi Arabia's new startup Humain, backed by the kingdom's sovereign wealth fund. The agreements coincide with former President Donald Trump securing $600 billion in investment commitments during his Middle East tour.

Nvidia and other AI stocks climbed Wednesday, extending Tuesday's gains as Saudi partnerships stoked excitement for future deals.

Amazon, Google, and Nvidia are among those who struck deals during Trump's visit to the Middle East, his first major overseas trip of his second term.

Newly launched Saudi Arabian AI venture Humain plans to deploy 500MW of data center compute over the next five years featuring AMD hardware. Together, sovereign-backed Humain and AMD will invest $10 billion in the joint effort, which will see facilities built in both Saudi Arabia and the US.

Riyadh: The Saudi Data & AI Authority (SDAIA) signed a Memorandum of Understanding (MoU) yesterday with AMD during the Saudi-US Investment Forum held in Riyadh. The agreement aims to strengthen mutual cooperation between the two parties to foster silicon diversity and innovation in developing Saudi Arabia`s AI ecosystem.

Advanced Micro Devices (AMD) is surging, heading for its sixth-straight win after the chipmaker announced a share buyback and deal with Saudi Arabia

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