By Max A. Cherney and Stephen Nellis (Reuters) -A number of U.S. technology firms on Tuesday announced artificial intelligence deals in the Middle East as U.S. President Donald Trump secured $600 billion in commitments from Saudi Arabia to U.

Nvidia's stock targets $150 as Saudi Arabia partners with Nvidia, AMD, and Amazon to build a global AI hub. Analysts see this as a key growth catalyst for NVDA.

Despite Nvidia's AI semiconductor dominance, competitors are innovating to challenge its lead. Read about AMD, Qualcomm, Broadcom, Amazon, and more.

Nvidia returned to the $3 trillion market cap club on Tuesday following the announcement of a major partnership with a state-backed Saudi Arabian AI company. Monitor these crucial chart levels.

US President Trump moves to ease AI chips export rules, letting nations like Saudi Arabia negotiate access while aiming to prevent tech diversion to China.

Nvidia is set to release a downgraded version of its H20 AI chips for the Chinese market to overcome export restrictions.

The deal grants Perplexity access to Le Monde's content to enhance its search engine's responses, while the newspaper will use the Nvidia-backed startup's technology to develop new AI products. This partnership will also support publishers whose content is featured in Perplexity's generated answers.

NVIDIA CEO Jensen Huang announced alongside President Trump's visit in Saudi Arabia that it will supply AI chips to Saudi AI company Humain.

AMD remains in a distant second place to Nvidia in terms of AI accelerator sales, but it seems to have found a big customer in Humain. In a separate announcement, it said the two parties will invest up to $10 billion to build 500 megawatts of AI compute capacity in Saudi Arabia, as part of an “AI superstructure.”

The U.S. has revamped Biden-era rules on artificial-intelligence chips, scrapping an unpopular measure in a move that could benefit major players like Nvidia.