The US tech giant says the €13bn data centre project will create tens of thousands of jobs.

A new CICTAR-EPSU report finds a USD 14 million tax gap as Palantir books European profits in the US.

US President Trump doubles down on tariffs, targeting the European Union and 60 trading partners amid fines on US tech giants and legal challenges over forced labor violations and trade disputes.

The Trump administration today issued a warning that the U.S. may strike back against European service providers for what it called “discriminatory” actions against U.S. Big Tech. “If the EU and...

Investing.com -- Wedbush analyst Dan Ives said the rapid expansion of artificial intelligence infrastructure in the Middle East marks a “watershed moment” for U.S. tech companies, driven by major developments in Saudi Arabia and the United Arab Emirates. “It’s becoming crystal clear the AI Revolution has found its next major area of penetration... the Middle East,” Wedbush wrote in a note. The analyst highlighted the recent announcements in Riyadh and Abu Dhabi as signs of a new era of growth for U.S. tech giants such as Nvidia (NASDAQ:NVDA), Microsoft (NASDAQ:MSFT), Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOGL), Palantir (NASDAQ:PLTR), and Tesla (NASDAQ:TSLA). Wedbush notes that Saudi Arabia has committed to purchasing 18,000 Nvidia chips for a 500-megawatt data center being built by Humain. Meanwhile, the UAE has received support from President Trump to build “the largest AI data center outside the U.S.” in Abu Dhabi. “We believe the market opportunity in Saudi Arabia and UAE alone could over time add another $1 trillion to the broader global AI market in the coming year,” Wedbush said. The developments come amid a broader shift in U.S. trade policy. “No Nvidia chips for China... red carpet rollout for the Kingdom,” the firm wrote, contrasting Middle East expansion with chip export restrictions affecting Beijing. Ives called the momentum in the region “a bullish indicator that further shows the U.S. tech’s lead in this 4th Industrial Revolution.” He emphasized Nvidia’s dominance, again referring to CEO Jensen Huang as “the Godfather of AI.” Wedbush believes Saudi Arabia, the UAE, and Qatar are now on the “priority list” for U.S. tech, with regional demand for AI chips, software, robotics, and data centers expected to surge over the next decade. Is MSFT truely undervalued? With MSFT making headlines, investors are asking: Is it truly valued fairly? InvestingPro's advanced AI algorithms have analyzed MSFT alongside thousands of other stocks to uncover hidden gems with massive upside. And guess what? MSFT wasn't at the top of the list.