Deal talk again dominated the early trading hours this week as a blockbuster tech deal came to fruition and another big name media merger was leaked.

But the chatter may have overshadowed news coming out of the Middle East that could have implications not only for the region but also for a host of stocks and industries and some other big developments in the semi industry.

Advanced Micro Devices (AMD - Get Report)  and Intel Corp. (INTC - Get Report)  have agreed to partner on a PC chip, which will use an Intel processor and an AMD graphics unit. Investors don't have to worry about it impacting AMD's new Ryzen chip, as the company has already said it will not affect that product.

While the new chip is a boon for PC lovers, the partnership could also be a sign that the two companies see teaming up as a necessity to take on the new bully on the block, Nvidia Corp. (NVDA - Get Report)  .

Nvidia has some of the best gaming chips, which can be seen in the Nintendo (NTDOY)  Switch platform. AMD is in the Microsoft Corp. (MSFT - Get Report)  Xbox and Sony Corp. (SNE - Get Report)  Playstation.

That said, it's hard to knock Intel right now. The stock is on a monster run, up 17% over the past month after reporting a strong quarter and it is currently digesting its acquisition of Mobileye, a move that will help the company take on Nvidia in self-driving cars.

Global investors were left with more questions than answers on Monday as news of an unprecedented series of events in Saudi Arabia over the weekend could either be a path towards its emergence as an open and international economy or a signal that its young, ambitious crown prince is tightening his grip on power in the oil rich Kingdom.

Oil shot up, and investors grew wary that the Kingdom Holding Co., the firm controlled by arrested Saudi Prince al-Waleed bin Talal, may unwind. Not so, however, as the company said it will continue normal operations of its business. The holding company owns stock in a number of U.S. firms including Citigroup Inc. (C - Get Report)  , Apple Inc. (AAPL - Get Report)  and 21st Century Fox Corp. (FOXA)  , Accor SA and Energy Recovery Inc. (ERII - Get Report)  .

Of course, mergers remained the talk of the tow on Monday, as Broadcom Inc.'s (AVGO - Get Report)  $130 billion bid for Qualcomm Inc. (QCOM - Get Report)  finally hit the wires and rumors percolated that Walt Disney Co. (DIS - Get Report)  may consider an acquisition of 21st Century Fox. The prize wouldn't be the television networks but rather the film studio. Boy, the race for content is really on, huh?

This is an excerpt from "In Case You Missed It," a daily newsletter brought to you by TheStreet. Sign up here.

Photo of the day: Can 3M continue its run?

Lots of big name stocks to talk about today. Lots of movement in the tech arena and in oil stocks. But one company that no one seems to be talking about is 3M Co. (MMM - Get Report) , the St. Paul, Minn., industrial company that has seen its stock rocket 30% year-to-date, outpacing the broader moves in the S&P 500 and Dow over that same time. Today, over on our sister publication Real Money, we examine whether the company can continue its run. Founded in 1902 as the Minnesota Mining and Manufacturing Co., 3M has grown from a small mining company to a sprawling international conglomerate that counts more 60,000 products its own. Above is a woman using the 'tell-it-to' machine, which utilizes Scotch sound recording tape, a 3M brand, to take window shoppers' orders. The woman is in the Lewis & Conger department store in New York City. The machine allows a shopper to order any item in the display by depositing a quarter in the machine, naming the item and giving his or her name and address. Orders are delivered the following morning.

Read more from "In Case You Missed It." Sign up here.

More of What's Trending on TheStreet :