Here Are The Biggest Corporate Winners From Trump’s Visit To The Middle East
By: bitcoin ethereum news|2025/05/14 23:00:14
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Topline Boeing’s stock reached its highest point in the past year Wednesday after Qatari Airways announced a deal to buy 210 jets from the American aircraft company, the latest in a string of massive deals American companies have struck in the Middle East this week amid President Donald Trump’s four-day visit to the region. Boeing is one of several American companies making deals in the Middle East this week. (Photo by: ... More aviation-images.com/Universal Images Group via Getty Images) Key Facts Boeing shares closed up .62%, reaching their highest point since last February. Shares of the aircraft manufacturer are up 15.6% since the start of 2024, when Boeing’s stock traded at $171.87. Nvidia, which struck a deal to sell 18,000 AI chips to the new Saudi-backed AI company Humain, is up about 8% since the deal was announced and closed up 4.1% on Wednesday at $134.76, reaching its highest point since February. AI software developer Palantir, which is one of several American firms that attended the U.S.-Saudi Investment Forum this week, reached an all-time high of $130.18 after jumping 8.5% since Tuesday. Elon Musk attended the investment forum and has benefited with a 4% surge in Tesla stock Wednesday, though the electric vehicle maker’s stock is down 13.9% since the start of the year. Larry Fink-led investment company Blackrock, which also attended the investment forum, spiked 4.2% Monday and closed up a fraction of a percent Wednesday, continuing a month’s worth of gains, though shares of the multinational firm are still down around 5.6% on the year. Get Forbes Breaking News Text Alerts : We’re launching text message alerts so you’ll always know the biggest stories shaping the day’s headlines. Text “Alerts” to (201) 335-0739 or sign up here . Forbes Valuation Musk, the world’s wealthiest person, has an estimated net worth of $423.8 billion following an $8.1 billion increase Wednesday. Nvidia CEO Jensen Huang’s estimated net worth jumped $4.2 billion Wednesday, reaching $117.7 billion as the 11th wealthiest person in the world. Thiel’s estimated net worth increased $216 million to $20.9 billion Wednesday while Fink’s bumped up to $1.2 billion. How Did The Broader Stock Market Perform Wednesday? The three major U.S. indexes had mixed performances Wednesday. The S&P 500, which spiked 3.3% and closed as its highest level since March on Monday, closed up just six points on Wednesday. The Dow Jones fell a fraction of a percent Wednesday after also spiking just two days earlier. The Nasdaq proved to be an exception, surging 136 points (.72%) Wednesday after significant gains on Monday and Tuesday. The tech-aligned index is now up 7.9% in the last five days of trading. This is a developing story. Check back for updates. Source: https://www.forbes.com/sites/antoniopequenoiv/2025/05/14/boeing-tesla-nvidia-and-other-stocks-surge-amid-us-saudi-dealmaking-spree/
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