amd

American technology firms have entered into an agreement with the Saudi Arabian company Humain for the large-scale development of the artificial intelligence sector in the region. The initiative is accompanied by President Donald Trump's trip to the country.
Nvidia
Nvidia will sell more than 18,000 of its latest AI chips to Humain. This was announced by the CEO of the American chipmaker Jensen Huang during a trip to the region that included Trump and leaders of other companies.

Generally, when asked who is the highest-paid CEO in the world, people will say Google CEO Sundar Pichai and Microsoft CEO Satya Nadella.
The world's highest-paid CEO
However, according to the Equilar report, the highest-paid CEO in 2024 is Jim Anderson.
Jim Anderson, CEO of Coherent, earned $101.50 million (Rs. 855 crore in Indian currency) in 2024.
Google CEO Sundar Pichai earned $10.21 million in 2024, Microsoft CEO Satya Nadella earned $79.1 million, and Apple CEO Tim Cook earned $74.6 million.
Jim Anderson earned a base salary of $1.06 million and a signing bonus of $5,00,000. More than $100 million came from stock options.
Who is this Jim Anderson?
Jim Anderson, 52, took over as CEO of Coherent in June 2024.
Coherent, a US-based company, develops equipment and products for networks and laser systems.
Previously, he has been CEO of Lattice Semiconductor since 2018 and has held key positions at companies such as Intel and AMD.

#TradeStories #business #EmploymentChallenges #CEO #AMD
$BTC

Record Revenue, Nvidia Stock Soars
The chip manufacturer #NVIDIA just reported a record-breaking Q4 financial report with revenues of $39.3 billion, up 12% from the previous quarter and 78% year-over-year.
🔥 Annual net income increased by 145% to $72.9 billion, affirming Nvidia's leading position in the field of artificial intelligence (AI).
💰 Earnings per share (EPS) reached $0.89, higher than analysts' estimates ($0.84). This is also the fourth consecutive quarter that Nvidia has surpassed market expectations.

During Donald Trump’s visit to the Middle East, Advanced Micro Devices (AMD) secured a strategic deal that could significantly impact its future growth. The company is now one of the biggest beneficiaries of the investments made during this visit, including a major partnership with the Saudi startup Humain, supported by the Saudi Public Investment Fund (PIF).

Strategic Partnership with Humain and Investment in Artificial Intelligence
The agreement between AMD and Humain focuses on developing advanced hardware infrastructure for artificial intelligence (AI) and deploying it in Saudi Arabia. The deal is valued at $10 billion and will involve the deployment of 500 megawatts of AI hardware over the next five years. AMD has committed to providing thousands of next-generation chips to support Humain’s goal of establishing Saudi Arabia as a global AI hub.

Positive Outlook for AMD Due to the New Deal
This deal has attracted attention from analysts, who have upgraded their recommendation for AMD’s stock to "hold," considering the potential growth the partnership could bring. Analysts from HSBC Global Research and Rosenblatt Securities expressed optimism about AMD’s ability to compete with its rivals, including Nvidia, which also has a deal with Humain.

Export Restrictions to China as a Challenge for AMD and Nvidia
Despite the optimism surrounding these new deals, both AMD and Nvidia face challenges related to U.S. export controls, which limit the sale of advanced AI chips to China. AMD expects a revenue loss of $1.5 billion in 2025 due to these restrictions, while Nvidia has seen a $5.5 billion revenue decrease related to its exports to China.

Nvidia and AMD Benefit from the Middle East
Despite these challenges, both tech giants are benefiting from the growing interest in AI in Saudi Arabia. Like AMD, Nvidia also announced a strategic partnership with Humain, which led to a significant 5.6% increase in Nvidia’s stock price. These partnerships in Saudi Arabia are allowing both companies to overcome some of the barriers preventing growth in other markets.

Saudi Arabia as a New Technological Powerhouse
These partnerships are part of Saudi Arabia’s broader effort to diversify its economy and transform itself into a hub for AI innovation. The Saudi government is focusing on reducing its dependence on oil revenues and attracting investment into new technological fields such as AI, which is positively impacting American tech companies.

Looking Ahead: AMD and Nvidia on the Rise
The deals AMD and Nvidia secured during Trump’s visit to Saudi Arabia represent a significant step forward for both companies. With growing interest in AI and Saudi Arabia’s plans for technological development, these partnerships could be key to their growth in the coming years.

#AMD , #bitcoin , #SaudiArabia , #TRUMP , #worldnews

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“