The AI sector can continue to narrate

Catenaa, after the company announced a strategic partnership with Humain, a subsidiary of the Saudi Arabian Public Investment Fund, Nvidia's stock price soared 6.4% on Monday, reaching an intraday high of $130.99 per share.

This statement was made following a broader $600 billion investment agreement between the United States and Saudi Arabia, in which President Trump played a key role.

The agreement covers investments in artificial intelligence, energy, and defense, aiming to position Saudi Arabia as a leader in advanced technology globally. This collaboration highlights the strategic importance of artificial intelligence in the economic agendas of both the United States and Saudi Arabia.

This move is expected to further solidify Nvidia's position in the growing AI market, with competitors like AMD and Amazon also focusing on investments in the region's tech ecosystem.