Why MP Materials is Sliding After Soaring in Recent Weeks
11 minutes ago
A hot company is cashing in—and its shares are falling.
After nearly doubling in value over the last week and closing Wednesday at a record high, shares of MP Materials (MP) are sinking after the rare earths miner announced plans to sell new stock.
MP’s shares started moving lower after yesterday’s closing bell, when MP Materials said it was planning to raise at least $500 million through the sale of new shares. Early Thursday, the company put out another release announcing that it would sell just over 11.8 million shares at $55 per share for a total offering worth $650 million.
MP Materials shares were down more than 5% in early trading today after closing at $58.55 on Wednesday.
The company said it plans to use the proceeds “to fund the acceleration and expansion of our operations,” including the construction of a second domestic magnet manufacturing facility, along with other “strategic growth opportunities and for general corporate purposes.”
MP Materials’ stock has surged lately as the company announced investments from the Department of Defense and Apple (AAPL). The Trump administration has said it is a priority to make the U.S. less reliant on other countries for the materials used in a variety of technologies and products.
Watch These AMD Levels as Stock Continues Surging
43 minutes ago
Advanced Micro Devices (AMD) shares climbed again Wednesday amid optimism about the company’s plans to restart exports of its MI308 chips to China once it receives final approval from U.S. authorities.
Reports that the U.S. Commerce Department had informed the company that it will once again review applications for licenses to sell the chips in China sent AMD shares more than 6% higher on Tuesday. The stock gained another 3% Wednesday, closing at around $160, its highest level since late October.
Rival chip giant Nvidia (NVDA) had announced late Monday that it planned to resume exports of its H20 chips to China after receiving assurances from the Trump administration that the restrictions that were imposed in April would be lifted. AMD had previously said it expected to face charges of up to $800 million related to the export of its MI308 chip, while Nvidia anticipated the curbs to cost it $5.5 billion.
AMD shares have more than doubled since hitting their low for the year in early April. The stock is up 33% so far in 2025, outpacing Nvidia’s 28% year-to-date gain.
AMD shares gapped above a tight rectangle formation in Tuesday’s trading session, laying the groundwork for a continuation move higher. Importantly, the breakout occurred on the highest volume since mid-June, suggesting buying conviction from larger market participants. Moreover, the relative strength index confirms bullish momentum, though it also flashes overbought conditions with a reading above the indicator’s 70 threshold.
It’s also worth noting that the 50-day moving average crossed above the 200-day MA on Wednesday to form a golden cross, a chart signal that indicates the start of a new trend higher.
Investors should watch key overhead areas on AMD’s chart around $187 and $215, while also monitoring important support levels near $148 and $123.
Read the full technical analysis here.
Major Index Futures Mixed
1 hr 21 min ago
Futures tied to the Dow Jones Industrial Average were down 0.2% recently.
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S&P 500 futures edged lower.
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Nasdaq 100 futures rose fractionally.
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