Apple, MP Materials
Digest more
Taiwan Semiconductor Manufacturing reports a record profit in the second quarter, PepsiCo’s adjusted earnings top forecasts, and GE Aerospace raises guidance for 2025.
MP Materials +6.2%, Ramaco Resources +10.7%, and USA Rare Earth +7.8% pre-market, a day after Apple reached a $500M deal to buy rare earth metals from MP.
Nvidia's gain helped keep the Nasdaq Composite above water today, with the tech-heavy index climbing 0.2% to 20,677 – a new all-time closing high. However, the Dow Jones Industrial Average shed 1% to 44,023 and the S&P 500 fell 0.4% to 6,243 due in part to weakness in financial stocks.
MP Materials Corp.’s stock skyrocketed in early trading Thursday, after the rare-earth producer said it inked a public-private partnership with the U.S. Defense Department to boost domestic magnet production and to reduce dependence on foreign sources.
1don MSN
MP Materials (NYSE:MP) closed +20% on Tuesday, posting an all-time intraday high of $62.87, after unveiling its $500M deal with Apple (NASDAQ:AAPL) to develop a recycling line for rare earth materials that will allow MP to reprocess rare earth elements for use in Apple products.
MP Materials (NYSE:MP) stock rose 8% premarket Tuesday following a report that Apple (NASDAQ:AAPL) is expected to commit $500 million to the rare earths miner.
Nvidia stock jumps after the chip maker says it soon expects to again begin selling its H20 AI chip in China, while earnings from JPMorgan Chase, Wells Fargo, and Citigroup beat analysts’ estimates.
MP Materials rips to all-time high after $500M deal that ensures Apple supply. XPeng revises hiring plan for 2025 with focus on AI-report. Stellantis to end hydrogen fuel cell program.
MP Materials said on Wednesday it would sell $500 million of its common stock, a day after the U.S. rare earths miner inked a supply deal with Apple .