stc Group Supports Esports World Cup with Digital Content for Game and Esports Fans

Supported by stc's world-class connectivity services, the Esports World Cup is contributing to the growth of the gaming sector in Saudi Arabia. (SPA)
Supported by stc's world-class connectivity services, the Esports World Cup is contributing to the growth of the gaming sector in Saudi Arabia. (SPA)
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stc Group Supports Esports World Cup with Digital Content for Game and Esports Fans

Supported by stc's world-class connectivity services, the Esports World Cup is contributing to the growth of the gaming sector in Saudi Arabia. (SPA)
Supported by stc's world-class connectivity services, the Esports World Cup is contributing to the growth of the gaming sector in Saudi Arabia. (SPA)

stc Group has strengthened its leadership in enabling digital transformation in Saudi Arabia by supporting the first edition of the Esports World Cup, where it introduced innovative interactive concepts that added a distinctive character to the tournament, allowing visitors from all over the world to enjoy unprecedented experiences and explore the vast possibilities in the world of games and esports.

stc Group, through stc Play Gaming Hall, has provided many interactive experiences, including stc Play Zone, which includes an advanced virtual reality simulator, and stc Play Streaming Zone, which provides the latest high-definition live streaming devices to enrich the visitors' experience.

It also provided stc TV Zone, a photography pavilion where visitors can document the most beautiful moments in a suspenseful atmosphere.

For those wishing to purchase the latest versions of gaming consoles and accessories, the group has provided an integrated store that contains all their needs through the stc Play Shop.

The various experiences provided by stc Play Gaming Hall also included stc Play Studio, which showcases electronic games developed by Manga Productions of Misk Foundation, and stc Qitaf Zone, which allows gamers to interact with games via virtual reality technology.

Supported by stc's world-class connectivity services, the Esports World Cup is contributing to the growth of the gaming sector in Saudi Arabia, in line with the objectives of Saudi Vision 2030, which is to establish the Kingdom as a leading global destination for electronic games.



Nvidia’s Market Value Tops $4 Trillion

Nvidia logo is seen in this illustration created on January 27, 2025. (Reuters)
Nvidia logo is seen in this illustration created on January 27, 2025. (Reuters)
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Nvidia’s Market Value Tops $4 Trillion

Nvidia logo is seen in this illustration created on January 27, 2025. (Reuters)
Nvidia logo is seen in this illustration created on January 27, 2025. (Reuters)

Nvidia's stock market value ended the trading session above $4 trillion for the first time on Thursday, solidifying the chipmaker's position as Wall Street's central player in a race to dominate AI technology.

Shares of Nvidia ended up 0.75% at $164.10, giving it a market value of $4.004 trillion and extending its lead over Apple and Microsoft as it benefits from a surge in demand for artificial-intelligence technologies.

Nvidia's stock market value briefly peaked above $4 trillion on Wednesday before closing at about $3.97 trillion. It is worth more than the combined value of all publicly listed companies in the UK.

Nvidia's high-end processors are at the center of a race between Microsoft, Amazon, Alphabet, Meta Platforms and other Wall Street heavyweights to build AI data centers and dominate the emerging technology.

Nvidia is also exposed to conflict between Washington and Beijing over trade, including restrictions on exports to China of its most powerful chips.

"Trade tensions and tariffs are a risk, as is competition. Greater AI adoption could shift part of the demand toward cheaper alternatives," Swissquote Bank senior analyst Ipek Ozkardeskaya wrote in a client note.

Nvidia achieved a $1 trillion market value for the first time in June 2023 and tripled it in about a year, faster than Apple and Microsoft, the only other US firms with market values above $3 trillion.

Microsoft is the second most valuable US company, with a market capitalization of $3.73 trillion. Its shares dipped 0.4% on Thursday.

Apple's stock has tumbled 15% so far in 2025, leaving its market value at $3.17 trillion, reflecting investor worries that the iPhone maker has been slow to introduce AI into its products and services.

Even after its meteoric rally, Nvidia's stock is valued at about 33 times expected earnings, below its five-year average of 41, according to LSEG.