US Stock Market Move | Semiconductor stocks rose across the board, with Broadcom Inc. (AVGO.US) up more than 4%.

On Tuesday, semiconductor stocks rose across the board, with NVIDIA Corporation (NVDA.US) up more than 5%, Broadcom Inc. (AVGO.US), Micron Technology, Inc. (MU.US) up over 4%, Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM.US), and Advanced Micro Devices, Inc. (AMD.US) up over 3%. In terms of news, on Tuesday, White House AI and cryptocurrency "czar" David Sachs stated that the United States does not need to prevent the global dissemination of its AI chips and technology to manage national security risks, indicating a more open stance towards exporting AI chips to allies like Saudi Arabia. Sach's latest remarks mark a shift in the US's view on AI chip exports and reflect a growing interest in deepening technological ties with Middle Eastern partners who are investing billions in AI infrastructure and aiming to become hubs for emerging technologies outside of the United States. According to sources, the Trump administration is considering a deal that would allow the UAE to import over a million advanced NVIDIA Corporation chips, far exceeding the restrictions on AI chip exports set during the Biden era. Sources say the deal is still being negotiated and could change. From now until 2027, the UAE will be able to import 500,000 of the most advanced chips on the market each year. One-fifth of these chips will be reserved for Abu Dhabi AI company G42, with the rest going to American companies building data centers in the UAE.