Turmoil in the Chinese economy can mean bad news for a range of popular stocks. U.S. listed stocks ranging from chipmakers to resort chains and car-part makers can all be helped or hurt by the state of the Chinese economy. And the global superpower has flashed warning signs in recent days, signaling stocks with exposure to the country could feel pressure. Industrial production in China rose 3.7% on a year-over-year basis, according to Tuesday data. Economists polled by Reuters anticipated a 4.4% increase. Retail sales data released Tuesday was similarly underwhelming , coming in at 2.5% higher on an annualized basis against a consensus forecast of 4.5%. To top it off: The country’s central bank also issued a surprise rate cut on Tuesday. It marks the second reduction in three months and is seen among experts as the latest signal that the country is trying to buoy the economy. Given this landscape, it’s important that investors are cognizant of which of their investments have exposure to the strength of China’s macro economy. In May, Morgan Stanley screened for publicly traded companies in the U.S. with the highest share of revenue connected to China. Semis Some of the stocks with the most exposure to Chinese revenue: semiconductors. Within the sector, Nvidia had the highest share of revenue at 45%, Morgan Stanley found. Shares have surged this year amid growing excitement around artificial intelligence, though the stock is down nearly 5% in August. Nvidia shares have gained 9% since the week kicked off, making up lost ground after sliding about 8.6% in the prior trading week. Despite the swings, shares are still up more than 200% this year. The majority of analysts hold buy ratings on the stock, with an average price target implying shares could climb another 12% over the next year, according to Refinitiv. Wells Fargo, UBS and Baird were among firms raising expectations for share prices ahead of Nvidia’s earnings report slated for next week. Marvell Technology has the next most exposure at 42%, Morgan Stanley found. Shares have also rallied this year, up more than 59% after tumbling 57.7% in 2022. Wall Street sees more steam ahead for its rally with an average upside of about 17%, according to Refinitiv. Like Nvidia, the average analyst surveyed holds a buy rating on the stock. Silicon Laboratories , Advanced Micro Devices and Qualcomm rounded out the list of most-exposed semiconductor stocks. Other stocks to watch To be sure, exposure to China extends…
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