Here Are The Biggest Corporate Winners From Trump’s Visit To The Middle East

Finance

Here Are The Biggest Corporate Winners From Trumps Visit To The Middle East

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:

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 Boeings 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 makers 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 months worth of gains, though shares of the multinational firm are still down around 5.6% on the year.

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.