The Latest Breaking News from UAE

The U.S. government's recent approval of Nvidia Corp’s (NASDAQ:NVDA) chip exports to the United Arab Emirates marks a significant milestone in global AI geopolitics, and a potential tailwind for investors in semiconductor and tech-focused ETFs. Under a bilateral AI agreement from May, the UAE will receive advanced Nvidia chips while…

Nvidia (NASDAQ:NVDA) stock gained on Thursday after Washington approved billions of dollars in Nvidia chip exports to the United Arab Emirates (U.A.E.).

The UAE's AI buildout could be running into Silicon Valley's priciest roadblock — the “Nvidia Tax.” The term refers to the steep markups that come with using Nvidia Corp's (NASDAQ:NVDA) high-end GPUs, which have become the default choice for large-scale AI systems.

The U.S. has approved tens of billions worth of Nvidia AI hardware exports to the UAE under a new bilateral agreement linking up to 500,000 GPU shipments per year with $1.4 trillion in Emirati investment, in the U.S.