Demand for Nvidia chips from the Middle East could add another $US1 trillion ($1.6 trillion) to the global artificial intelligence market, according to analysts as they wait for the last of the magnificent seven tech stocks to file quarterly earnings reports on Thursday.

Wedbush managing director Daniel Ives, an influential tech sector analyst, said he expected AI spending from Saudi Arabia and the United Arab Emirates to “fill the void” left by China for the $US3.3 trillion ($5.1 trillion) valued chip maker, after Nvidia’s founder Jensen Huang accompanied US President Donald Trump on a four-day visit to the Gulf earlier this month.