Nvidia and other AI stocks climbed Wednesday, extending Tuesday's gains as Saudi partnerships stoked excitement for future deals.

A tech rally helped push the Nasdaq higher, with shares of AMD and Nvidia rising more than 4%. Alphabet (GOOGL, GOOG) ticked higher by over 3%, and shares of Super Micro Computer

Alongside the nebulous deal, Cisco said that it was extending its existing partnership with G42 to help deploy AI systems in the United Arab Emirates.

Nvidia leaped back into the vaunted $3 trillion club on Tuesday as its stock shot up following the announcement of a major sale to a state-backed Saudi Arabian AI company.

Nvidia partners with Saudi AI startup Humain to supply 18,000 advanced chips for a large data center project in Saudi Arabia. Announced during a White House trip, the partnership aims to enhance Saudi Arabia's AI capabilities and cloud infrastructure,

Nvidia (NASDAQ:NVDA) could draw attention this week as the Trump administration reportedly moves closer to securing artificial intelligence chip deals with Middle Eastern partners, according to a Tuesday report by The Washington Post.

Other semiconductor stocks also did well Monday after Beijing and Washington agreed to drastically reduce tariffs for 90 days while talks on a more permanent deal continue.