These Stocks Are The Biggest Winners From Trump’s Middle East Trip

By: bitcoin ethereum news|2025/05/16 03:30:09
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Topline Major U.S. stocks like Nvidia, Alphabet and Amazon rose amid President Donald Trump’s four-day trip to the Middle East, which ends Thursday after he announced deals worth hundreds of billions of dollars that lifted the defense, aviation and AI industries—though a broader market selloff earlier on Thursday appeared to slow growth. Trump has announced deals worth hundreds of billions of dollars during a four-day trip to the Middle ... More East. Key Facts Super Micro Computers : The information tech firm saw its shares rise by nearly 30.6% through the last two trading sessions after reaching a $20 billion partnership with Saudi Arabian data center DataVolt on Tuesday, and Super Micro’s stock increased slightly (0.2%) by Thursday afternoon. Nvidia : Shares of Nvidia, which increased by 0.5% Thursday, increased by roughly 11% through Tuesday and Wednesday after announcing a deal to supply 18,000 AI chips to Saudi-backed Humain. AMD : The semiconductor firm’s stock dipped by more than 1% on Thursday after jumping by 7.4% over the last two days after revealing on Tuesday a $10 billion project with Saudi Arabia to supply chips and software for AI data centers. Palantir : As one of the U.S.-based companies to attend the U.S.-Saudi Investment Forum this week, Palantir’s shares rose by roughly 10% over the last two trading sessions before falling nearly 1% on Thursday. Boeing : The aircraft maker achieved a 52-week high on Wednesday after announcing a $96 billion deal to supply 210 jets for Qatar Airways, and Boeing’s shares rose again on Thursday by nearly 1.2%. Alphabet : Google’s parent company joined Oracle, Salesforce and AMD, among others, in a $80 billion investment to develop “cutting-edge transformative technologies” in Saudi Arabia and the U.S., the White House said Tuesday, as its shares rose by 3.5% on Wednesday before dipping slightly Thursday. Amazon : Shares of Amazon rose by 1.3% on Tuesday after the company announced a $5 billion partnership to develop an “AI Zone” in Saudi Arabia, though the stock’s positive movement was reversed after it dropped by 0.5% on Wednesday and 2.3% on Thursday. Tesla : CEO Elon Musk was among the billionaires to join Trump in the Middle East, a move that appeared to shift Tesla’s stock up by 8.6% over the last two trading sessions, before the automaker’s shares fell by just under 1% on Thursday. How Has The Stock Market Performed Thursday? Each of the three market indexes increased by Thursday afternoon after an earlier selloff, largely driven by Walmart’s shares dropping by more than 3% and UnitedHealth’s stock plummeting 14%. The S&P 500, on pace to continue a winning streak for a fourth-straight day, rose by 0.4% as the Nasdaq added 0.2% and the Dow Jones Industrial Average increased by 176 points, or 0.4%. Thursday’s earlier broad stock decline was likely the result of “cautious optimism as recession fears recede, investors told CNBC, with some confidence added after the U.S. and China reached a trade deal earlier this week, . Key Background Trump and many major U.S.-based companies announced several deals for projects in defense, aviation, AI and other industries since he arrived in Saudi Arabia on Tuesday. The White House said Saudi Arabia had agreed to invest $600 billion in the U.S., though some investments were already in the works, with additional deals worth more than $300 billion signed at an investor conference attended by several U.S. billionaires, including Elon Musk, BlackRock CEO Larry Fink and Palantir’s Alex Karp, among others. Trump’s visit has largely focused on economic investments in the U.S. rather than geopolitical strategy, though Trump said Thursday Iran had “sort of agreed to the terms” of a deal with the U.S. to scale back nuclear weapons production. Further Reading Boeing, Tesla, Nvidia And Other Stocks Surge Amid U.S.-Saudi Dealmaking Spree ( Forbes ) Trump, U.S. Businesses Ink Billions In Deals In Middle East: See The List ( Forbes ) Source: https://www.forbes.com/sites/tylerroush/2025/05/15/these-stocks-are-the-biggest-winners-from-trumps-middle-east-trip/

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