Trump Unveils 'Historic And Transformative' $600 Billion Saudi Deal, Predicts Markets Will 'Go a Lot Higher'

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President Donald Trump on Tuesday unveiled a sweeping $600 billion investment commitment from Saudi Arabia into the United States, calling it a “golden era” of U.S.-Middle East economic cooperation and listing a series of multibillion-dollar deals with leading American corporations in tech, defense and infrastructure.

"From the moment we started, we've seen wealth that just poured and is pouring back into America," Trump said in Riyadh during the U.S.-Saudi Investment Forum.“This week, there are multi-billion dollar commercial deals with Amazon.com Inc.(NASDAQ:AMNZ), Oracle Corp.(NASDAQ:ORCL), Advanced Micro Devices Inc.(NASDAQ:AMD).They’re all here.Uber Technologies Inc.(NYSE:UBER), Qualcomm Inc.(NASDAQ:AVGO), Johnson & Johnson (NYSE:JNJ), and many, many more,” Trump added.

Trump announced “the largest set of commercial agreements on record” between the U.S.and Saudi Arabia, calling it a “historic and transformative” leap forward.

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Article Details

Author / Journalist: Piero Cingari

Category: Technology

Markets: United StatesMaliSaudi Arabia

Topics: US38259P5089 US4781601046 CRM Economics GEV AVGO LMT ORCL Equities Stories That Matter US0079031078 Econ #s HIL JNJ US79466L3024 Macro Economic Events AMNZ US5398301094 Global US0970231058 US00766T1007 Tech Benzinga GOOGL US4314661012 SG9999006241 J ACM UBER US68389X1054 AMD BA RTX Top Stories PSN

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-13 @ 20:09:50 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 459 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 28687294

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