Saudi Arabia

Saudi Arabia announced on Sunday that its East-West pipeline has been fully restored to its peak throughput of roughly 7 million barrels daily, following damage inflicted on its energy infrastructure during the ongoing conflict with Iran. The restart lands as oil crashes after a U.S.-Iran ceasefire...

Saudi Arabia's Public Investment Fund is reportedly in talks to anchor SpaceX's IPO with a $5 billion investment — a move that would instantly make it one of the most high-profile backers of the listing. But if history is any guide, getting in early doesn't always mean getting it right. Coupang...

Technology stocks spiked on Tuesday on news that tension in the Middle East could be de-escalating. That could be a welcome sign for more than a dozen companies that have been put on a retaliation list by Iran's Islamic Revolutionary Guard Corps (IRGC). Iran Targets 18 Tech Companies Despite...

Elon Musk's AI startup, xAI, will be the inaugural client of a massive Saudi-backed data center powered by hundreds of thousands of Nvidia Corp.'s (NASDAQ:NVDA) chips. Saudi Arabia's Mega AI Project Takes Shape On Wednesday, at the U.S.-Saudi Investment Forum in Washington, D.C., Nvidia CEO Jensen...

Electric vehicle giant Tesla Inc. (NASDAQ:TSLA) and CEO Elon Musk had grand ambitions with the launch of the Cybertruck. Expectations have underperformed, but there could be good news with the vehicle expanding to more international markets. What Happened: Tesla officially launched the Cybertruck...

It's Nvidia Corp's (NASDAQ:NVDA) week to shine as earnings land on Wednesday after the bell. But Saudi Arabia may have just given rival Advanced Micro Devices Inc (NASDAQ:AMD) a stage-stealing spotlight. The kingdom's new AI startup, Humain, has broken ground on its first data centers in Riyadh and...

If the original Silk Road moved silk and spices, the 2025 version is trading in silicon. At the center sits NVIDIA Corp (NASDAQ:NVDA), the $4 trillion chip colossus, threading its GPUs through the geopolitical maze of China's firewalls and Saudi Arabia's gilded data palaces. The stakes? Not just...

Advanced Micro Devices, Inc. (NASDAQ:AMD) and Cisco Systems, Inc. (NASDAQ:CSCO) shares are higher in Wednesday's extended trading session after The Information reported the companies will invest in a Saudi AI-related cloud project.  Last month, Cisco and AMD announced they will be joining HUMAIN's...

A top executive at Advanced Micro Devices Inc. (NASDAQ:AMD) made a sizable open market purchase in the stock this week, signaling confidence in the chipmaker’s prospects, amid strengthening fundamentals and easing geopolitical pressures. What Happened: According to the company’s SEC...

Saudi Arabian Mining Company (Ma'aden) has signed a memorandum of understanding with MP Materials (NYSE:MP) to develop an integrated rare earth supply chain in Saudi Arabia. The agreement, signed on the sidelines of the U.S.-Saudi Investment Forum 2025 in Riyadh, reflects both governments'...

Wedbush analyst Daniel Ives praised the upcoming ‘AI Revolution’ in Saudi Arabia and the Middle East after the U.S.-Saudi Investment Forum on Tuesday, which saw a slew of announcements on the artificial intelligence front. What Happened: The Jensen Huang-led chipmaker announced a new...

Saudi Arabia announced the launch of Humain, a state-owned artificial intelligence company led by Crown Prince Mohammed bin Salman, with Tareq Amin, former CEO of Aramco Digital, appointed as CEO. What Happened: The announcement was made just before the start of President Donald Trump's tour of the...

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk revealed that both Saudi Crown Prince Mohammed bin Salman and U.S. President Donald Trump were impressed by the company’s Optimus humanoid robot during a demonstration in Riyadh, where the robot danced to “YMCA.” What Happened: “We just...

On Tuesday, Nvidia Corp. (NASDAQ:NVDA) CEO, Jensen Huang’s net worth stood at $114 billion, closing in on $120 billion, with the company’s stock rallying by nearly 15% this week, and reentering the $3 trillion market cap club. What Happened: This marks a sharp reversal in fortune for...

President Donald Trump made a significant diplomatic gesture towards Iran on Tuesday, expressing hope for improved relations in the Middle East. This comes as he lauds the transformative efforts of Saudi Arabia, Qatar, and the United Arab Emirates in turning their capitals into thriving commercial...