NVIDIA receives 5.6% for AI Chip deal with Saudi Arabia, CEO Jensen Huang's net assets at 120 billion US dollars -details

The shares of the chipmaker Nvidia of artificial intelligence rose by 5.6 percent on May 13 to deliver at least 18,000 chips to Saudi Arabia, according to a new deal that is secured by US President Donald Trump, according to a report by Reuters.

The promotion of the shares controlled the market value of NVIDIA to $ 3 trillion and increased the net assets of founder CEO Jensen Huang almost $ 120 billion, the report added.

The deal includes Nvidia, who sells “hundreds of thousands” of his AI chips to Saudi Sovereign Fund Fund-Ki startup called Humain.

Nvidia share ascent: Jensen Huang joins the richest world in the world

On May 13, the Nvidia shares made 5.6 percent of $ 5.6 percent higher. He will visit the VAE later this week.

Jensen Huang's net assets rose to around $ 120 billion, which rose from $ 80 billion in 2024. In particular, this leads the Nvidia boss to the top 10 of the Forbes real-time billionaire list, the report added.

According to a Bloomberg report, the Pay package of the 62-year-old Nvidia boss also increased by 46 percent due to the stock price component. In his compensation, $ 996,514 from the stock prices were created in 2024 and is near $ 1.5 million.

Donald Trump's golf visit: Moderator of the AI ​​deals announced

As part of agreements with the USA, Saudi Arabia and the VAE are given broader access to advanced AI chips from Nvidia and Advanced Micro Devices during the visits by Donald Trump. We list what is on the cards:

• Cisco Systems Inc., the world's largest provider of networking equipment, works with Humain to combine his “global expertise with the brave AI ambitions of the kingdom” to build infrastructures. A partnership with the Abu Dhabi AI company G42 has also extended.
• The Saudi Arabian risk capital company STV started an AI fund of $ 100 million with the support of Alphabet Inc. from Google, which, according to an explanation on startups in the Middle East and North Africa, for infrastructure development focused on the development of the infrastructure. How much Google will be contributed is not yet known.
• From now on, the United Arab Emirates could also receive 5,00,000 NVIDIA chips every year until 2027, said Sources Bloomberg. A fifth would be put aside for G42, while the rest of US companies that build data centers in the Gulf Nation, added.
• Openai is considering building new data center capacities in the United Arab Emirates, says Quellen. They added that the details are not final and could change.

(With entries from agencies)