Nvidia's Earnings in Spotlight Amid Saudi Arabia's AI Mega-Deal with AMD

Nvidia's earnings are set to be announced on Wednesday, but a recent deal between AMD and Saudi Arabia's AI startup, Humain, could upstage the company. The deal includes a $540 million order for 18,000 Nvidia GPUs and a $10 billion partnership with AMD. Humain plans to build 2 gigawatts of data centers by 2030, with Nvidia and AMD supplying the GPUs. The deal could potentially give AMD a significant growth lever and shift the balance of power in AI chips.

Saudi Arabia's AI startup, Humain, has made significant strides in its ambitious project to construct large-scale data centers in Riyadh and Dammam, scheduled to come online in early 2026. The initiative underscores the kingdom's commitment to becoming a global AI powerhouse, aligning with its Vision 2030 technological aspirations [1].

At the heart of these data centers will be cutting-edge semiconductors sourced from leading US chipmakers. Notably, Humain has secured local regulatory approval to import Nvidia's latest AI chips, including the advanced "Blackwell" series, with an initial shipment of 18,000 chips [2]. Additionally, the company has forged a significant collaboration with Advanced Micro Devices (AMD), involving a $10 billion partnership [2].

The establishment of these data centers and the partnerships with US tech giants have far-reaching implications. According to Wedbush Securities analyst Dan Ives, this development represents a "watershed" moment in the intensifying global AI competition [2]. It not only bolsters Saudi Arabia's technological capabilities but also strengthens its ties with the US tech industry, potentially reshaping global AI dynamics.

The recent deal between AMD and Humain, which includes a $540 million order for 18,000 Nvidia GPUs and a $10 billion partnership, could upstage Nvidia's earnings announcement scheduled for Wednesday. This deal could potentially give AMD a significant growth lever and shift the balance of power in AI chips. Humain plans to build 2 gigawatts of data centers by 2030, with Nvidia and AMD supplying the GPUs [3].

References:
[1] https://theoutpost.ai/news-story/saudi-arabia-s-humain-launches-ai-data-centers-with-us-chip-technology-19500/
[2] https://www.benzinga.com/markets/tech/25/08/47326356/mohammed-bin-salman-backed-humain-begins-building-100mw-ai-data-centers-with-nvidia-amds-latest-chips
[3] https://www.ainvest.com/news/3-breakout-growth-stocks-ai-boom-amd-broadcom-nvidia-2508/