Shares of semiconductor manufacturer AMD were up Wednesday after a big stock buyback authorization. Here's what that means.

Data center development deals feature prominently in the $600B in investment the Trump administration says it has secured from Saudi Arabia.

The announcements follow reports that the US administration intends to facilitate AI chip deals between American firms and Gulf nations.

Amazon says it'll work with Humain, the AI company recently launched by Saudi Arabia’s ruler, to invest '$5 billion-plus' in a strategic partnership.

Saudi Arabia launched a new state-backed AI company ahead of President Donald’s Trump state visit to the Kingdom.

Saudi Arabia’s Crown Prince Mohammed Bin Salman launched Humain to develop and manage artificial intelligence technologies.

With HUMAIN, the kingdom aims to lead in regional AI innovation, challenging global dominance with homegrown infrastructure and language models.

Advanced Micro Devices shares jumped Wednesday, as the chip designer said its board approved a fresh $6 billion share buyback program.

NVIDIA (NasdaqGS:NVDA) recently formed a significant partnership with HUMAIN, marking a pivotal advancement in AI development. Over the last month, NVIDIA's stock price rose by 17%, primarily driven by this collaboration and other strategic initiatives,

AMD and HUMAIN have partnered and launched a $10 billion initiative to boost AI. Takeaway Points AMD Partners with HUMAIN. The aim is to boost AI. HUMAIN will be in charge of end-to-end delivery, including hyperscale data centers and sustainable power systems.