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Investing.com -- RedCloud Holdings plc (NASDAQ:RCT) stock rose 2.6% on Thursday after the company announced plans to develop a new AI recommendation feature for the Saudi Arabian market using NVIDIA’s cuOpt Optimization Engine.
The technology company behind the RedAI trading platform aims to address what it estimates is an $8 billion inventory gap in Saudi Arabia’s $62 billion fast-moving consumer goods (FMCG) industry. RedCloud believes its new AI-powered feature could mitigate as much as 35% of this inventory gap, potentially unlocking $2.8 billion in additional trade opportunities across Saudi supply chains.
The company has chosen Saudi Arabia as its first target market for the new feature, which will leverage NVIDIA’s GPU-accelerated optimization engine to enable more intelligent and automated inventory decisions. RedCloud plans to develop local AI engineering talent in the Kingdom as part of the NVIDIA Connect program.
"We’re building the intelligence foundation for global trade, and the Saudi Arabian market is a critical innovation laboratory for us," said Justin Floyd, CEO and Founder at RedCloud. "The Kingdom’s Vision 2030 to transform core industries and modernize the economy aligns perfectly with our mission."
The announcement follows strong operational performance, with RedCloud more than doubling its customer numbers YoY in the first half of 2025. The company has also launched a new partnership strategy for payments and financial services and expanded its technology ecosystem through partnerships with AWS and Snowflake, in addition to NVIDIA.
If successful, RedCloud intends to incorporate the Intelligent Economic Order Quantity (EOQ) feature globally across its operations in Argentina, Brazil, Nigeria, and South Africa.
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