Apple, MP Materials
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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.
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Investor's Business Daily on MSNStock Market Today: Nasdaq Scores A High As Fed Officials Hawkish On Inflation; Netflix Rises With Earnings Due (Live Coverage)The Dow Jones index rose Thursday on surprise jobless claims and retail sales. Nvidia chipmaker TSMC rose on earnings.
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.
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.
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.
US stocks end up with the S&P 500 and Nasdaq at records. MP Materials soars on government's big stake. Delta lifts airlines. Bitcoin hits record too.
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.