08:20 AM EDT, 05/31/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

According to an unconfirmed Bloomberg report, NVDA and Advanced Micro Devices (AMD) have seen delays in getting large-scale exports of AI accelerators to the Middle East due to a U.S. slowdown in license approvals. It is unknown how long the review will take as the report cites the U.S. is worried about the advanced chips getting diverted to China (China companies could get access via data centers built in the Middle East). Last October, the U.S. broadened export restrictions to include regions in the Middle East alongside China and other foreign adversaries and think issues like this illustrate the sensitivity of NVDA's technology to the broader AI-global war. The issue also takes heart at NVDA's Sovereign AI initiatives (we expect $7B-$9B in related revenue for CY 24 from virtually zero last year), with the Middle East/Southeast Asia expected to be notably heavy investors and broadening globally, as emphasis grows on nations holding data in their own country amid increasing geopolitical tensions/uncertainty.