Stocks were set to edge higher on Wednesday, having racked up solid gains the previous session thanks to a cooler-than-expected inflation reading and news of artificial intelligence investments from Saudi Arabia.

Trump met with Saudi Crown Prince Mohammed bin Salman and attended a US-Saudi investment forum along with Elon Musk and other top CEOs.

Scale AI, a startup backed by Amazon.com Inc. that helps companies develop artificial intelligence products, plans to open an office in Saudi Arabia by the end of the year in a broader regional expansion.

As the Trump administration prioritizes partnerships with the Mideast, China emerges as the ‘big loser,’ the Wedbush analyst told Fortune.

President Donald Trump spoke of a future for the Middle East steeped in prosperity, business deals and technological advances as he announced the U.S. would end sanctions against war-torn Syria and signed a $600 billion investment agreement with Saudi Arabia in his first visit to the region since his second term began.

President Donald Trump kicked off his Middle East tour with a visit to Saudi Arabia on Tuesday, vowing a continued partnership between Washington and Riyadh.

President Donald Trump arrived in Riyadh on Tuesday to a royal-purple-carpet rollout and a motorcade ride ensconced by a calvary of Arabian horses – a daylong kickoff to the first major international trip of his second term.