Nvidia surpassed Apple, reaching a $3.1 trillion valuation after a 5.5% stock surge, driven by a U.S.-China trade deal and a major AI infrastructure project in Saudi Arabia.
Nvidia will supply thousands of GPUs, including 18,000 GB300 Grace Blackwell Superchips, for a 500-megawatt data center built by Saudi-backed Humain.
Despite U.S. export restrictions to China, Nvidia is poised for strong earnings on May 28 and is developing a modified H20 chip for the Chinese market, pending U.S. approval.
