Saudi Arabia Deploys 600,000 Nvidia GPUs as U.S. Launches AI Manhattan Project with Direct Equity Stakes in Tech Companies
Summary
Saudi Arabia deploys 600,000 Nvidia GPUs in massive AI infrastructure project while the U.S. government launches an AI Manhattan Project, taking direct equity stakes in tech companies and driving explosive 100-400% stock gains for government-backed firms.
Key Points
- Saudi Arabia announces a massive AI project featuring 600,000 Nvidia GPUs with xAI as the first customer, representing a 500-megawatt hardware deployment that signals government-scale investment in AI infrastructure
- The U.S. government launches an AI Manhattan Project through Executive Order 14179, the CHIPS Act, and the new Office of Strategic Capital, taking direct equity stakes in critical technology companies rather than just providing subsidies
- Government-backed AI companies experience explosive stock gains of 100-400% after receiving federal backing, with the Pentagon and White House strategically selecting winners through equity investments in firms like MP Materials, Intel, and Lithium Americas