Nvidia continues to rise on Wall Street following Saudi AI deal

Author: Chloe Nowak
Published: 2025-05-12 at 05:42
Category: Business
Language: English
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Nvidia Wall Street Saudi Aramco Ai Boeing Unitedhealth Stock Market
Nvidia's stock rose again on Wall Street after Saudi Aramco signed a major AI infrastructure deal, continuing its upward trend from the previous day. The broader market showed mixed results, with Boeing gaining on a large aircraft order.
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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.

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