Musk’s xAI and Nvidia to Develop Data Center in Saudi Arabia

Nvidia exceeded Wall Street expectations with its third-quarter earnings, showcasing strong demand for its AI chips. The company's shares rose in after-market trading, reflecting investor confidence amid concerns about the AI market's valuation. CEO Jensen Huang highlighted record sales and a rapidly expanding AI ecosystem, indicating a positive outlook for the company's future.

Saad Almadi, a 75-year-old US citizen, has been released by Saudi Arabia after being imprisoned for five months due to critical tweets about the government. His release follows a meeting between Saudi Crown Prince Mohammed bin Salman and former President Donald Trump, which has been linked to Almadi's case. Initially sentenced to 19 years in prison in 2021, Almadi's charges were later reduced to cyber crimes, resulting in a 30-year travel ban.

President Trump welcomed Saudi Arabia's Crown Prince Mohammed bin Salman to the White House, designating the Kingdom as a major non-NATO ally. This visit marks a significant step in strengthening U.S.-Saudi relations, emphasizing military cooperation and trade agreements.

Al Jazeera’s Kimberley Halkett asked US President Donald Trump about the potential sale of F-35 jets to Saudi Arabia. This inquiry comes amid ongoing discussions about military cooperation between the two nations, particularly as Saudi Crown Prince Mohammed bin Salman prepares for a visit to the White House.

Saudi Arabia is seeking to acquire American F-35 fighter jets, motivated by Israel's successful use of the aircraft in recent conflicts across the Middle East. This interest reflects a desire to enhance its military capabilities and regional influence.

European markets stabilized on Wednesday morning after experiencing losses due to concerns that AI stocks may be overvalued. Investors are keenly awaiting the latest results from US chipmaker Nvidia, a key player in the AI sector. Additionally, Japanese media reported that China has suspended seafood imports from Japan amid diplomatic tensions. A US judge also ruled that Meta does not hold a monopoly.

NPR's Leila Fadel interviewed a spokesperson for the Saudi Arabian embassy in Washington, D.C., regarding Crown Prince Mohammed bin Salman's recent visit to the White House. The spokesperson was asked if the Crown Prince views the visit as a success.

President Donald Trump has agreed to sell the F-35 fighter jet, the most advanced in the U.S. arsenal, to Saudi Arabia. This decision comes amid concerns that China could potentially access the advanced technology embedded in the aircraft. The sale is part of a broader strategy to strengthen military ties with Saudi Arabia.