The announcements follow reports that the US administration intends to facilitate AI chip deals between American firms and Gulf nations.

Humain, Saudi Arabia’s new artificial intelligence investment company, is teaming up with chipmaker Advanced Micro Devices Inc. to spend $10 billion on AI infrastructure over the next five years.

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.

The partnership was announced as part of a White House tour to Saudi Arabia, Qatar, and the United Arab Emirates.

It has been a busy week for AMD, so without further delay let’s get into the news…A small-scale EPYC | AMD is coming at the SMB market with an EPYC processor to fit smaller budgets, but there's more from a busy news week for the firm.

AI Revolution taking off in Saudi Arabia, creating major opportunities for US tech stocks. Trump's visit & trade deal with China add to bullish outlook.

The Advanced Micro Devices (NASDAQ: AMD) stock is set to open even higher when markets open today. At the moment, shares of AMD are up about 3.3%, or $3.74. That’s because of two key catalysts. First,

Advanced Micro Devices (NASDAQ:AMD) just scored a huge win with a $10 billion, multi-year deal to power Saudi Arabia's new HUMAIN AI hub with 500 megawatts of its chips and accelerators. Investors cheered,