Nvidia CEO Jensen Huang saw his personal fortune surge by $12 billion in a single day following the chipmaker’s landmark deal with Saudi Arabia.

On Tuesday, the company, which is now valued at more than $3 trillion, announced an agreement to sell hundreds of thousands of its high-demand AI chips to the kingdom. Many of the chips are destined for an artificial intelligence startup backed by the country’s sovereign wealth fund, Humain, which is part of a broader effort by Saudi Arabia to position itself as a global AI powerhouse.

Shares of the chipmaker jumped more than 5% on Tuesday and pushed Huang’s net worth to $114 billion, up from $102 billion the day before, and from roughly $80 billion a year ago, per Bloomberg’s billionaires index.

The deal also coincided with President Donald Trump’s Gulf visit, which kicked off in Saudi Arabia and is expected to continue in the UAE later this week. Trump was attending the Saudi-U.S. Investment Forum on Tuesday, flanked by tech CEOs including Nvidia’s Huang, OpenAI’s Sam Altman, AMD’s Lisa Su, and Tesla’s Elon Musk.

Trump also approved expanded access for Humain and the UAE’s AI firm G42 to U.S.-manufactured advanced AI chips—chiefly Nvidia’s—rolling back Biden-era export controls that had previously curbed Saudi Arabia’s access to leading American technology.

Fellow U.S. tech giant AMD also got in on the action, securing a $10 billion, multi-year deal to power Saudi’s AI hub with its chips and accelerators. In the coming five years, Saudi Arabia plans to build data centers housing hundreds of thousands of Nvidia’s cutting-edge chips, with a total power capacity estimated at 500 megawatts. The initial phase will see 18,000 of Nvidia’s newest chips deployed to run a Saudi supercomputer.

Huang has steered Nvidia through a meteoric rise

Huang and Nvidia have had a strong year. In 2025, the chipmaker exceeded targets for both revenue and operating income, and Huang took home nearly $50 million in total compensation for his efforts.

The CEO’s compensation was up from $34.2 million the previous year due to a base salary raise—his first in a decade—bringing it to $1.5 million, alongside a $3 million target bonus and an equity award potentially worth $27.5 million, depending on performance metrics. Other top executives at Nvidia also reaped substantial rewards.

Compensation packages for senior leaders, including CFO Colette Kress and EVP Debora Shoquist, saw increases of up to 74% over the previous year, driven largely by the company’s surging stock price and successful delivery of stretch financial goals.

Over the last few years, Nvidia has capitalized on skyrocketing demand from data centers powering large-language models and deep learning applications, controlling a significant portion of the AI chip market.