preCharge News BUSINESS — Nvidia and Tesla soared this week, driven by Trump’s Middle East tour and a crucial U.S.-China trade truce, adding billions to their market value.

Tech Stocks Rally as Middle East Ties Deepen

Nvidia, Tesla, and AMD Lead Market Surge

This week proved exceptional for technology stocks, as Nvidia and Tesla surged 16% and 17% respectively, buoyed by a combination of trade breakthroughs and major Middle East deals.

Nvidia’s Bold Middle East Move

AI Powerhouse Strikes Mega Chip Deal

During Trump’s high-profile Middle East tour, Nvidia CEO Jensen Huang confirmed a deal to sell over 18,000 of the company’s cutting-edge Blackwell AI chips to Humain, a Saudi data center giant. The chips, designed for high-performance data processing, will play a key role in expanding Saudi Arabia’s digital infrastructure.

AMD also seized the moment, announcing a partnership to supply chips to Humain, pushing its stock up 14% for the week. The surge in demand for advanced AI chips reflects the region’s growing appetite for cutting-edge tech as it seeks to diversify its economy beyond oil.

Tesla Looks to the Future in Saudi Arabia

SpaceX and Robotaxis Take the Spotlight

Tesla CEO Elon Musk also made waves in Saudi Arabia, revealing that the kingdom has approved the use of SpaceX’s Starlink satellite internet for aviation and maritime services. This move opens up a massive new market for SpaceX’s high-speed, low-latency internet services.

Musk further hinted at plans to introduce robotaxis to the region, aligning with Saudi Arabia’s push to become a global tech hub.

U.S.-China Trade Pause Calms Market Nerves

90-Day Tariff Truce Eases Pressure

Adding to the positive momentum, the U.S. and China agreed to a 90-day pause on tariffs, signaling a significant de-escalation in the ongoing trade conflict. This temporary truce has provided much-needed relief to tech stocks, which have been battered by rising costs and supply chain disruptions.

For Nvidia, the truce is particularly critical, as it needs a U.S. government license to export its high-performance AI chips to China. The company recently reported a $5.5 billion charge from H20 GPU shipments to China, underscoring the financial stakes involved.

New AI Hub in the UAE

A Future Built on Silicon

The White House also announced a partnership to develop a massive AI campus in the United Arab Emirates. According to insiders, Nvidia will play a significant role in this project, further cementing its leadership in the AI space.

Market Movers: The Big Tech Winners

Other Tech Stocks Join the Surge

The tech rally extended beyond Nvidia and Tesla, with Palantir and Taiwan Semiconductor Manufacturing also posting double-digit gains this week, reflecting the broader optimism in the sector.

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Associated Press, CNBC News, Fox News, and preCharge News contributed to this report.