Nvidia stock climbs after U.S. approves chip sales to the UAE
Jensen Huang, CEO of Nvidia, speaks during the 2025 Asia-Pacific Economic Cooperation (APEC) CEO Summit in Gyeongju, South Korea, October 31, 2025.
Kim Soo-hyeon | Reuters
Microsoft said Monday it has secured export licenses to ship Nvidia chips to the United Arab Emirates in a move that could accelerate the Gulf’s lofty AI ambitions.
The tech giant said it is the first company under U.S. President Donald Trump‘s administration to secure such licenses from the Commerce Department and that the approval, granted in September, was based on “updated and stringent technology safeguards.”
The licenses enable the firm to ship the equivalent of 60,400 additional A100 chips, involving tech darling Nvidia’s more advanced GB300 GPUs.
“While the…
