We've compiled it recently 9 AI stocks are ready to push from Trump's Middle East AI. In this article, we will explore Uber Technologies, Inc. (NYSE:UBER) Position with other AI stocks.
White House officials said Tuesday that the U.S. does not need to stop the global spread of its AI chips and technologies to control national security risks, suggesting a flexible approach to sharing advanced technologies with trusted allies, such as Saudi Arabia.
When President Biden took office, he tried to curb China's advances in artificial intelligence by limiting the opportunity to gain strong chips. But President Trump is taking another approach - a covered U.S. technology to avoid Chinese alternatives to provide technology to the country.
Also read: News and Ratings of the Week and 10 AI Stocks Soaring.
White House AI and Crypto Tsar David Sacks signaled the administration’s new position that would limit access to AI chips worldwide after Washington announced plans to revoke and revise previous regulations in the Biden-era era.
"The Trump administration just announced that we will revoke the so-called Biden proliferation rules...it actually limits the spread or spread of American technology around the world. (Dispersion) is not a risk for friends like Sarudi Arabia, but I think in general, I think there are a lot of misunderstandings about the transfer of GPUs."
These comments mean how the U.S. is now making substantial investments in AI infrastructure with its Middle East partners and aims to position itself as an emerging technology hub outside the U.S.
The comments came after Saudi Arabia and its neighbors saw restricted access to U.S. chips for AI proliferation rules they implemented in the Biden era. But Trump officials think it is "misleading" and there is no risk to touting "friends like Saudi Arabia". Biden-era control measures were revoked by the Commerce Department on Tuesday.
“The initial reason for this proliferation rule is that we have a policy that does not want our advanced semiconductors to enter the so-called country of concern.”
In this article, we selected AI stocks by browsing news articles, stock analysis and press releases. These stocks are also popular among hedge funds. Hedge fund data ended in the fourth quarter of 2024.
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Uber Technologies, Inc. (NYSE: UBER) is engaged in the development and operation of proprietary technology applications. May 13, Reuters The White House reportedly named several large tech companies that will invest $80 billion in both countries for state-of-the-art transformative technologies. One of them is Uber Technologies, Inc. Saudi Arabian leaders have expressed their desire for self-driving cars to play a role in the country's broader modernization plan for 2030, aiming to reduce dependence on oil. Last year, the country also released a regulatory framework on the adoption of self-driving cars. Saudi Arabia's Transport Authority informed in an article on X on Tuesday that the agency had signed a memorandum of understanding with Uber to launch self-driving cars in the country.
“The first self-driving car to be launched on the Uber platform with on-board safety operators in 2025.”
Overall Uber Ranked fourth On the list of AI stocks we prepare to get from Trump’s Middle East AI push. Although we acknowledge Uber’s potential as an investment, our belief is that certain AI stocks have higher returns in a shorter time frame and offer greater hope in a shorter time frame. AI stocks have risen since the beginning of 2025, while popular AI stocks have lost about 25%. If you are looking for AI stocks that are more promising than Uber but have less than 5 times its earnings, check out our report Cheapest AI stocks.
Read the next article: Buy 20 Best AI Stocks Now and According to the billionaire, there are now 30 best stocks.
Disclosure: None. This article was originally published in Insider Monkey.