Trump’s Mideast Visit Spurs Flood of AI Deals Led by Nvidia (1)

The Trump administration is clearing a path for two key Persian Gulf allies to pursue their artificial intelligence ambitions — and some of the biggest US tech companies are seizing on that opening with plans to spend billions of dollars in the region.

Under agreements with the US expected to be unveiled in coming days, Saudi Arabia and the United Arab Emirates are poised to win wider access to advanced AI chips from Nvidia Corp. and Advanced Micro Devices Inc. that are considered the gold standard for running AI models.

Technology shares rose broadly in anticipation ...