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Nvidia, Amazon, Tesla, Palantir Among Top Beneficiaries Of $1 Trillion Saudi Arabia AI Push, Analyst Says

Benzinga LogoBenzinga3d ago

Nvidia, Amazon, Tesla, Palantir Among Top Beneficiaries Of $1 Trillion Saudi Arabia AI Push, Analyst Says - Benzinga

Quick Summary:

Com Inc’s (NASDAQ:AMZN) Andy Jassy, Palantir Technologies Inc’s (NASDAQ:PLTR) Alex Karp, Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Ruth Porat, International Business Machines Corp’s (NYSE:IBM) Arvind Krishna, OpenAI’s Sam Altman, Advanced Micro Devices, Inc’s (NASDAQ:AMD) Lisa Su, among other prominent tech leaders.

Tuesday was a bullish eye-opener for investors in U.S.tech stocks, as it’s becoming crystal clear that the AI Revolution has found its next major area of penetration: Saudi Arabia, Wedbush analyst Daniel Ives said.

The theme was clear in Riyadh: the AI Revolution is coming to the Saudi Kingdom, and Riyadh will be a major buyer of AI chips, software, autonomous robotics, and data centers over the next decade.

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Article Details

Author / Journalist: Anusuya Lahiri

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-14 @ 21:48:30 (3 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 697 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 28719839

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About Benzinga

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 6 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

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