President Donald Trump‘s visit to China this week is expected to be significant as both sides seek to repair their relationship. Wall Street investors will be closely monitoring the trip, given the potential for major deals. 

Trump has always loved big deals. During his last Middle East trip, he claimed to have signed deals worth $4 trillion. Some of the most notable ones were a $600 billion deal with Saudi Arabia and a $96 billion agreement with Qatar for up to 210 aircraft. The UAE also made aircraft and semiconductor orders. 

US stocks like Boeing (NYSE:BA), NVIDIA (NASDAQ:NVDA), and GE Aerospace (NYSE:GE) may therefore become the top beneficiaries of this trip.

Boeing Stock Could Benefit if China Makes a Big Order

Boeing, a top American exporter, stands to benefit if Chinese airlines place large orders in this trip.Trump has already invited CEO Kelly Ortberg to join the trip to Beijing. 

Rumors are that Chinese airlines are prepared to make an order of up to 500 jets, ending a prolonged drought that started during Trump's first term. Such a big order would help Boeing to narrow its backlog with Airbus. In the last financial results, it reported a backlog of 6,100 planes, compared with Airbus' 9,301.

Boeing's business has made steady progress in the past few years, with its recent report showing that its revenue jumped by 22% to $22 billion in Q1. Its commercial deliveries rose to 143, while the backlog rose to $695 billion. Commercial plane deliveries rose by 10% to143 as it ramped production of 737 to 42 planes per month.

GE Aerospace Could See an Uptick in Chinese Orders

A Boeing order by Chinese airlines would also benefit GE Aerospace, the biggest engine supplier to Boeing. GE Aerospace supplies engines to planes like the 777X and 787. CFM, its joint venture with Safran, supplies its engines to the 737 family. 

Therefore, a large order from China, would help the company to grow its market share there. GE also supplies engines to COMAC, which China hopes will ultimately challenge Boeing and Airbus. 

GE Aerospace's business continues to grow amid the ongoing aircraft demand. Its last results showed that revenue jumped by 25% in the first quarter to $12.4 billion as its orders rose by 87% to $23 billion. 

NVIDIA May Get Clarity on China Semiconductor Shipments

NVIDIA's Jensen Huang will be one of the top CEOs who will accompany Trump to China. A recent report suggested that AI will be one of the topics that Trump and Xi will talk about. 

A major breakthrough would be the United States’ decision to allow Nvidia GPU shipments to China. Officially, Nvidia has recorded zero sales in China, although some companies have gained access through unofficial channels. The US government has charged three people — including a Supermicro co-founder — with smuggling Nvidia GPUs into China.NVIDIA GPU sales to China would help to supercharge its revenue growth. Analysts expect that its annual revenue will grow by 71% this year to $370 billion, while Huang has hinted that it will make over $1 trillion through 2027.

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