These 7 Stocks Will Benefit From The US – China Trade Truce, including Nvidia & Qualcomm

The US President Donald Trump and his Chinese counterpart Xi Jinping agreed on Saturday to pause the ongoing trade war for three months as tariff negotiations continue for 90 days.

The ceasefire is great news for a number of US companies that have significant exposure to China. As per the Goldman Sachs, the following seven companies got more than half of their annual revenues from China in 2017.

Company name                         % of Rev. from China

1. Skywork Solutions (SWKS)     85%

2. Qorvo (QRVO)                       75%

3. Qualcomm (QCOM)                69%

4. Wynn Resorts (WYNN)            64%

5. Nvidia (NVDA)                        56%

6. Micron (MU)                           55%

7. Broadcom (AVGO)                  54%

My meeting in Argentina with President Xi of China was an extraordinary one. Relations with China have taken a BIG leap forward! Very good things will happen. We are dealing from great strength, but China likewise has much to gain if and when a deal is completed. Level the field!

— Donald J. Trump (@realDonaldTrump) December 3, 2018

Source: CNBC