Nvidia shares rise after U.S. approves chip sales to the UAE

Microsoft He said the ship was granted an export license on Monday Nvidia Giving chips to the United Arab Emirates in a move that could accelerate the Gulf’s lofty AI goals.

The tech giant said it was the first company to receive such licenses from the Commerce Department under the administration of US President Donald Trump and that the approval, granted in September, was based on “updated and stringent technology measures”.

The licenses allow the firm to ship the equivalent of 60,400 additional A100 chips, including more advanced GB300 GPUs from tech enthusiast Nvidia.

“While the chips are powerful and the numbers are big, their positive impact across the UAE is more significant,” Microsoft said. in question in a blog post. “We use these GPUs to access advanced AI models from OpenAI, Anthropic, open source providers, and Microsoft.”

Nvidia shares were up 1.97% at 7:41 a.m. ET in premarket trading.

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