{"id":137168,"date":"2024-09-12T21:00:16","date_gmt":"2024-09-12T18:00:16","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137168"},"modified":"2024-09-12T15:06:55","modified_gmt":"2024-09-12T12:06:55","slug":"us-may-approve-nvidias-chip-export-to-saudi-arabia-potentially-boosting-ai-crypto-prices","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/us-may-approve-nvidias-chip-export-to-saudi-arabia-potentially-boosting-ai-crypto-prices\/","title":{"rendered":"US May Approve Nvidia\u2019s Chip Export to Saudi Arabia, Potentially Boosting AI Crypto Prices"},"content":{"rendered":"<p>The <strong><a href=\"https:\/\/www.reuters.com\/technology\/us-closer-green-lighting-nvidia-chips-saudi-arabia-semafor-reports-2024-09-11\/\" target=\"_blank\" rel=\"nofollow\">chips in question<\/a><\/strong> would greatly enhance Saudi Arabia\u2019s ability to develop and deploy sophisticated AI models. This topic has surfaced as a significant, though unofficial, point of discussion at the GAIN global AI summit hosted in Saudi Arabia.<\/p>\n<p>According to a Reuters report, Saudi Arabia is keen on acquiring Nvidia\u2019s latest AI chips, the H200s, and is working to meet US security requirements to speed up the purchase. This effort comes amid US attempts to limit China\u2019s access to such advanced technologies, positioning Saudi Arabia strategically between these two global powers. While the Kingdom is focusing on US technology, it is also keeping options open with China if needed.<\/p>\n<p>Despite a recent 15% drop in its stock price, Nvidia remains a strong player in the AI and data center markets, with high demand for its advanced GPUs and technologies like Hopper and Blackwell. This ongoing interest has sparked a rally in AI-related cryptocurrencies, reflecting growing investor confidence in the sector.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/global-crypto-activity-surges-in-2024-boosted-by-u-s-bitcoin-etfs\/\" title=\"Global Crypto Activity Surges in 2024, Boosted by U.S. Bitcoin ETFs\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/01\/bitcoinetfasdasda-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Global Crypto Activity Surges in 2024, Boosted by U.S. Bitcoin ETFs<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Nvidia is set for potential growth as the AI revolution advances, showing bullish signs despite a currently neutral momentum. This suggests an opportunity for investors to benefit from Nvidia\u2019s anticipated progress amid evolving market conditions.<\/p>\n<p>Nvidia collaborates with global telecom companies to enhance network efficiency and customer experiences using AI solutions, while Qualcomm focuses on on-device AI to boost privacy and security by processing data directly on handsets. Earlier this year, the US canceled licenses for firms like Intel and Qualcomm to supply Huawei with chips for certain devices. However, Huawei\u2019s upcoming Ascend 910C AI chip is expected to significantly influence its technology capabilities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Recent reports indicate that the US government is considering Nvidia\u2019s proposal to export advanced chips to Saudi Arabia, a move that could potentially drive up the value of AI-related cryptocurrencies.<\/p>\n","protected":false},"author":3,"featured_media":30304,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"class_list":["post-137168","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>US May Approve Nvidia\u2019s Chip Export to Saudi Arabia, Potentially Boosting AI Crypto Prices<\/title>\n<meta name=\"description\" content=\"Recent reports indicate that the US government is considering Nvidia\u2019s proposal to export advanced chips to Saudi Arabia, a move...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptodnes.bg\/en\/us-may-approve-nvidias-chip-export-to-saudi-arabia-potentially-boosting-ai-crypto-prices\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US May Approve Nvidia\u2019s Chip Export to Saudi Arabia, Potentially Boosting AI Crypto Prices\" \/>\n<meta property=\"og:description\" content=\"Recent reports indicate that the US government is considering Nvidia\u2019s proposal to export advanced chips to Saudi Arabia, a move...\" \/>\n<meta property=\"og:site_name\" content=\"CryptoDnes EN\" \/>\n<meta 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