Trump in China for Xi Summit; Stocks Waver | Horizons Middle East & Africa 5/14/2026
Speakers
Rashmi Garg
— Senior Portfolio Manager, Al Dhabi Capital
Robert Lee
— Senior Analyst, Bloomberg Intelligence
Summary
President Donald Trump arrived in Beijing for a summit with Xi Jinping, marking the first visit by a U.S. president in nine years. The meeting focused on trade, technology, rare earths, and geopolitical tensions. Markets were mixed, with guest Rashmi Garg bullish on U.S. tech stocks driven by AI demand. The summit ended with Xi welcoming U.S. firms to China.
- Trump and Xi meet in Beijing, signaling a relationship reset.
- Asian stocks and U.S. futures waver as summit begins.
- Jensen Wong (Nvidia) accompanies Trump, raising hopes for chip access.
- China's rare earth dominance is a key negotiating point.
- U.K. Prime Minister faces potential leadership challenge.
- Iran conflict impacts oil prices and inflation.
- Gulf shipping disruption threatens African farmers.
- Guest Rashmi Garg expects tech stocks to continue dominating.
Trade Ideas
U.S. tech stocks to dominate on AI.
Rashmi Garg expects U.S. technology stocks, particularly those related to AI picks and shovels, to continue dominating the market. She cites real demand behind the AI transformation, supply shortages that cannot be quickly resolved, and strong earnings with average EPS growth of 60% over the next two years as key drivers.
Up Next
This Bloomberg Markets video, published May 14, 2026, features Rashmi Garg discussing AI picks and shovels stocks. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: Rashmi Garg · Tickers: AI picks and shovels stocks