The U.S. has approved the export of AI chips to the UAE, and Nvidia's stock price has risen by 2.33%.

[Coin World] After the United States approved the export of billions of dollars worth of artificial intelligence chips to the UAE under a bilateral artificial intelligence protocol, Nvidia's stock price rose by 2.33% to $193.52. The protocol allows the UAE to export up to 500,000 high-end chips to the United States each year and requires the UAE to provide an equivalent amount of U.S. investment, including a commitment of $1.4 trillion over the next ten years. The protocol supports the establishment of a 5-gigawatt data center in Abu Dhabi, with a certain AI company as its main partner, but initially does not include G42's chips. Nvidia's market capitalization reached $4.694 trillion, having risen 43.62% year-to-date, continuing to maintain its dominance in the AI chip market.