Nvidia hit $3 trillion in market value after it agreed to sell hundreds of thousands of AI chips in Saudi Arabia with many chips to an AI startup launched by its sovereign wealth fund, in a sign demand for its top-line processors is still booming. The deal came as a part of U.S. President Donald Trump’s Gulf tour, which he kicked off in Saudi Arabia with plans to visit the UAE later in the week. Huang has played a critical role in making Nvidia one of the world’s most valuable companies by positioning the chipmaker as the dominant force in the AI semiconductor industry.