Nvidia Reclaims $3 Trillion Market Cap as Shares Surge on Saudi AI Deal
Nvidia (NVDA) surged nearly 6% on Tuesday, reclaiming a spot in the exclusive $3 trillion market cap club following the announcement of a major partnership with a Saudi-backed artificial intelligence company. The stock closed just under $130, boosting the chipmaker’s valuation to approximately $3.2 trillion—making it more valuable than any U.S. company except Microsoft (MSFT) and Apple (AAPL).
The rally came after Nvidia revealed a deal with Humain, an AI company backed by Saudi Arabia’s sovereign wealth fund. Under the agreement, Nvidia will supply Humain with “several hundred thousand” advanced GPUs over the next five years. The partnership will begin with the development of a powerful AI supercomputer, featuring 18,000 GB300 chips, marking one of the largest international deployments of Nvidia's most advanced processors to date.
This announcement coincided with the start of President Donald Trump’s four-day tour of the Middle East, his first major overseas trip since beginning his second term. The timing highlights the growing strategic importance of AI technology in global diplomacy, energy, and defense partnerships.
Nvidia originally joined the $3 trillion club in June 2024, becoming the third U.S. company to hit the mark after Microsoft and Apple. However, unlike its predecessors, Nvidia’s rise has been closely tied to the generative AI boom that took off in late 2022, following the launch of ChatGPT. The company has since become a cornerstone of the global AI infrastructure, with its GPUs powering everything from data centers and supercomputers to enterprise AI tools and consumer applications.
This latest deal with Saudi Arabia underscores Nvidia’s growing international footprint and its critical role in the AI arms race. The company’s ability to secure long-term supply agreements with state-backed entities positions it to remain a dominant force in the evolving AI landscape.
With Tuesday’s gains, Nvidia stock is now up significantly in 2025, further solidifying its place among the most influential companies shaping the future of technology.