Nvidia and other AI stocks climbed Wednesday, extending Tuesday's gains as Saudi partnerships stoked excitement for future deals.

Boeing's deal with Qatar Airways comes as Qatar offered to donate a $400 million 747-8 jumbo jet for President Donald Trump to use as a temporary Air Force One.

Nvidia stock jumped over 3% early Wednesday after the company and fellow chipmakers announced billions of dollars worth of AI deals with Saudi Arabia.

Biden restricted the export of U.S. semiconductor chips to Saudi Arabia over national security concerns. Trump rescinded those restrictions.

Nvidia leaped back into the vaunted $3 trillion club on Tuesday as its stock shot up following the announcement of a major sale to a state-backed Saudi Arabian AI company.

On Wednesday, Nvidia joined Meta and Microsoft to become the third member of the Magnificent Seven to trade in the green year to date. It's a significant move because the chipmaker — as the word suggests — doesn't deal in intangible products that can slip through trade barriers.

The Trump administration forged a preliminary deal with the United Arab Emirates involving importing 500,000 of Nvidia Inc.’s (NASDAQ:NVDA) advanced AI chips annually. The deal was at least through 2027 but could be in place until 2030,