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Nvidia's stock surged by 4.2% on Wall Street after Saudi Aramco announced deals worth approximately $90 billion with major U.S. companies, including the chipmaker. The agreement with Nvidia focuses on AI infrastructure development.
The company built on its previous day's 5.6% gain, which followed an economic cooperation deal signed between the U.S. and Saudi Arabia. This deal involves Nvidia supporting AI and cloud application advancements in Saudi Arabia.
Wall Street's overall performance was mixed. The Dow Jones fell by 0.2%, while the S&P 500 rose by 0.1%, and the Nasdaq gained 0.7%.
UnitedHealth ended the day 1.1% lower after an initial gain, following a nearly 18% drop the previous day due to unexpected executive departures and revised financial forecasts.
Boeing rose by 0.6% after Qatar Airways agreed to purchase up to 210 aircraft, including 777X and 787 Dreamliner models, in a deal valued at $96 billion.
