Nvidia shares up 2% in premarket as U.S. approves sales of its chips to the UAE

Core Insights - Microsoft has obtained export licenses to ship Nvidia chips to the United Arab Emirates, which may boost the region's AI ambitions [1] - This marks the first instance under the Trump administration where a company has secured such licenses from the U.S. Commerce Department [1] - The approval, granted in September, was based on updated and stringent technology safeguards [1] Summary by Categories Company Actions - Microsoft is the first company to secure export licenses for Nvidia chips under the Trump administration [1] - The licenses allow Microsoft to ship the equivalent of 60,400 additional A100 chips, which include Nvidia's advanced GB300 GPUs [1] Industry Implications - The move is expected to accelerate AI development in the Gulf region [1] - The approval reflects a shift towards updated technology safeguards in the export of advanced technology [1]