AI Chips Are the New 'Coin of the Realm' as They Grease the Wheels of Geopolitical Negotiations, BofA Says

AI chips are the new 'coin of the realm' as they grease the wheels of geopolitical negotiations, BofA says

Analysts at Bank of America are bullish on chip stocks like Nvidia as mega-projects in the Middle East highlight long-term demand for AI computing. Also bolstering the case for the stocks is the emergence of AI chips as the new "coin of the realm," serving as currency in geopolitical talks. AI chips, such as the graphics processing units that are critical to Nvidia's success, have become so important globally they are like a form of currency in …

Donald Trump's tour of three Gulf states reveals a blatant discrepancy between his role as president and his business activities. Democrats and Republicans are in opposition – but only quietly.

AI chips, drones, jets: A look at Trump's $3.2 trillion megadeals during Gulf trip

Amid photo ops and lavish receptions, President Donald Trump’s Gulf trip yielded $3.2 trillion in announced deals with Saudi Arabia, Qatar, and the UAE — though some details remain vague.