Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis.

Good afternoon. Today is Wednesday, May 14th, and I'm your host, Kim Khan. Our top story so far. A simple recipe for hot chips. Just add a little oil.

The semiconductor sector continues to enjoy gains, as do other

AI-related names, as major deals are announced alongside President Trump's tour of the Middle East.

Wedbush says the number of AI-focused deals signed between U.S. tech companies and Saudi Arabia

is a bullish eye-opener for investors, with the prospects of more to come. They see the deals,

which include those signed by NVIDIA, Amazon, AMD, Cisco, and others, as a, quote,

huge opportunity, unquote, to expand the total addressable market for all things AI. We believe

the market opportunity in Saudi Arabia could over time add another $1 trillion to the broader

global AI market in the

coming years, and this dynamic is not being priced into the market and tech names in our view,

analysts said. B of A says while Nvidia and AMD are likely to be the biggest beneficiaries from

Saudi Arabia AI deals, Broadcom and Marvel should also benefit. Analyst Vivek Aria said,

NVIDIA and AMD are likely to be main beneficiaries of the Saudi project,

that we also highlight complementary networking benefits for Broadcom and Marvel,

optical, memory, semi-cap, and foundry ecosystem.

Details are still to come based on press releases,

and industry discussion we believe invidia and

amd are working on separate projects each with similar 500 megawatts of projected AI compute capacity

seeking alpha tech editor chrisiatia had more insight so i think the announcements that we saw

yesterday were really kind of eye-opening both in size, scale, and scope.

Obviously, Invidia and AMD, the two big beneficiaries in the chip world, but these announcements

...