10:13 AM EDT, 10/09/2025 (MT Newswires) -- (Updates with stock price movement in the headline and the first paragraph.)

Nvidia ( NVDA ) shares rose 2.7% in recent Thursday trading after the company said it secured approval to export "several billion dollars" worth of AI-compatible microchips to the United Arab Emirates, Bloomberg News reported Thursday, citing people familiar with the matter.

The Commerce Department's Bureau of Industry and Security issued the export licenses under terms of an agreement forged in May, the report said.

The approval followed finalization of UAE commitments to make reciprocal investments in the US, an American official cited by Bloomberg said.

Nvidia ( NVDA ) declined to comment. The Commerce Department and the UAE Media Council did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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