Nvidia's shares rose 3% on Monday after the U.S. approved the sale of chips to the United Arab Emirates.

The company stated that it is the first firm authorized by the administration of President Donald Trump to carry out such deliveries, following approval in September by the U.S. Department of Commerce, based on "updated and strict technology security measures."

After the announcement, Nvidia's shares rose by 3% on Monday, while Microsoft stocks recorded a slight appreciation.