By Max A. Cherney and Stephen Nellis (Reuters) -A number of U.S. technology firms on Tuesday announced artificial intelligence deals in the Middle East as U.S. President Donald Trump secured $600 billion in commitments from Saudi Arabia to U.

The announcements follow reports that the US administration intends to facilitate AI chip deals between American firms and Gulf nations.

Newly launched Saudi Arabian AI venture Humain plans to deploy 500MW of data center compute over the next five years featuring AMD hardware. Together, sovereign-backed Humain and AMD will invest $10 billion in the joint effort, which will see facilities built in both Saudi Arabia and the US.

AMD and HUMAIN have partnered and launched a $10 billion initiative to boost AI. Takeaway Points AMD Partners with HUMAIN. The aim is to boost AI. HUMAIN will be in charge of end-to-end delivery, including hyperscale data centers and sustainable power systems.

AMD said on Wednesday that its board of directors approved $6 billion in share buybacks. The stock climbed 6%. The authorization is in addition to $4 billion in existing approved share repurchases, the company said.

Advanced Micro Devices (NasdaqGS:AMD) saw its share price rise by 20% over the last month, buoyed by several contributing factors. The announcement of a substantial $6 billion expansion in its stock buyback plan added momentum to the company's market performance.

In Humain's deal with AMD, the agreement includes a plan to invest up to $10 billion to deploy 500 megawatts of AI hardware infrastructure over five years.

AMD and HUMAIN, Saudi Arabia’s new AI enterprise, on Tuesday announced a landmark agreement to build the world’s most open, scalable, resilient, and cost-efficient AI infrastructure, that will power the future of global intelligence through a network of AMD-based AI computing centers stretching from Saudi Arabia to the United States.

Multi-year collaboration will deploy up to 500 megawatts of AI infrastructure, powered by the full spectrum of AMD compute and enabled by AMD ROCm Op

Nvidia’s partnership with Saudi Arabia’s Humain could help offset some of its revenue losses in China, analysts said.