Nvidia, AMD extend stock gains. Why the AI trade is roaring back.

Tech Stocks

Nvidia’s partnership with Saudi Arabia’s Humain could help offset some of its revenue losses in China, analysts said

Published: May 14, 2025 at 1:40 p.m. ET

The artificial-intelligence trade is back on, as new deals between Saudi Arabia and U.S. chip and tech companies are helping to soothe growth concerns about the semiconductor sector. 

Chip stocks like Nvidia Corp. NVDA have been under pressure this year — reflecting fears about whether the economy would continue to support robust spending on AI hardware, whether companies were seeing returns on their AI investments and whether geopolitical tensions would curb growth. Now, investors seem to feel better about some of those matters.