Nvidia's stock recently rose to its highest level since January, as chip stocks rallied across the sector. The boost follows Nvidia's strong first-quarter earnings and notable AI deals in the Middle East with Saudi Arabia and the UAE. Despite earlier challenges from trade restrictions and potential China chip bans, Nvidia has rebounded significantly, outperforming the S&P 500. Broader chip stocks like Intel, AMD, Broadcom, and TSMC also gained, driving tech sector momentum and reaching multi-month highs.