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-0.000301340967304516 -0.00205715433679881 -0.00231028074933458 -0.00316408015669728 -0.00464567324594451 -0.00512279644417664 -0.0112249510320929 0.00657927778614837
Stock impact report

Saudi Arabia's Humain Invests $3 Billion Into Elon Musk's XAI [Yahoo! Finance Canada]

Advanced Micro Devices, Inc. (AMD) 
Last advanced micro devices, inc. earnings: 4/28 04:25 pm Check Earnings Report
US:NYSE Investor Relations: ir.amd.com/investor-overview
Most Read from Bloomberg The investment bolsters ties between Musk and the company, set up last year to turn the kingdom into an AI powerhouse. The two companies are set to develop a to develop a 500 megawatt data center in Saudi Arabia. Humain, formed in May 2025 with backing from the Public Investment Fund, has been on a dealmaking spree to help the kingdom diversify its economy away from oil. Aside from the xAI tie-ups, it has invested in AI video-generation startup Luma AI and formed a joint venture with chipmaker Advanced Micro Devices Inc. and Cisco Systems Inc. to build up data center capacity in the country. Musk's SpaceX combined with xAI in a $1.25 trillion deal earlier in February. Most Read from Bloomberg Businessweek ©2026 Bloomberg L.P. Show less Read more
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