Nvidia's Big Moment Is Here: Will AMD's Saudi Arabia Megadeal Upstage It?

Core Insights - Nvidia Corp is set to report earnings, but Saudi Arabia's AI startup Humain has gained attention with a significant partnership with AMD, involving a $10 billion deal [1][2] - Humain is establishing two initial 100-megawatt data centers, with plans to expand to nearly 2 gigawatts by 2030, and has placed a $540 million order for 18,000 Nvidia GPUs [2][3] - The partnership with AMD may evolve into a joint venture, indicating a strategic move by Saudi Arabia to diversify its AI chip supply [2][3] Company Strategies - Humain is not only focusing on infrastructure but is also building an AI ecosystem, including a chatbot and partnerships with other tech companies like Qualcomm and Cisco [4] - The dual strategy of utilizing both Nvidia and AMD positions these companies at the center of Saudi Arabia's AI ambitions, with Nvidia being the preferred choice for advanced workloads [3][5] - AMD's involvement in the Saudi project could provide significant growth opportunities, potentially altering the competitive landscape in the AI chip market [5] Market Implications - The timing of Nvidia's earnings report coincides with Saudi Arabia's substantial investments in AI infrastructure, highlighting the increasing demand for GPU computing [5] - The question arises whether AMD's partnership with Saudi Arabia could shift the balance of power in the AI chip market, as AMD seeks to gain a foothold alongside Nvidia [5]