Top Volatile Stocks Now; Nvidia, AMD, Newmont, BlackRock
U.S. markets were mixed by midday Tuesday, with tech stocks rising as Nvidia and AMD surged after the U.S. allowed AI chip sales to China. Apple announced a $500 million investment in MP Materials, boosting both companies’ shares. Steris climbed following an upgrade from Morgan Stanley.
"Tech Stocks Rally on Chip News While Other Sectors Stumble"
Meanwhile, Newmont dropped after its CFO unexpectedly resigned, and BlackRock fell short of revenue expectations despite record assets. Wells Fargo shares declined due to weak interest income and lowered guidance. Oil, gold, and crypto prices slipped, while Treasury yields fell and the U.S. dollar strengthened against major currencies.
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Keypoints:
- Nvidia & AMD rose as U.S. cleared chip sales to China.
- MP Materials jumped on Apple’s $500 million investment.
- Steris gained after Morgan Stanley upgraded its stock.
- Newmont fell sharply after CFO’s sudden resignation.
- BlackRock & Wells Fargo declined on earnings misses.
U.S. stock markets showed mixed movement by midday Tuesday, with tech stocks leading gains after positive developments in the semiconductor sector. Nvidia and AMD shares surged as the U.S. government eased restrictions, allowing them to resume AI chip sales to China. This shift boosted the Nasdaq, while the S&P 500 and Dow edged lower.
Apple’s $500 million investment in MP Materials, the company behind the only active rare earths mine in the U.S., sent MP shares soaring. Meanwhile, medical device maker Steris saw gains after an analyst upgrade due to strong trends in its sterilization business. In contrast, Newmont’s stock plunged following the sudden resignation of its CFO.
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Financial firms faced setbacks, with BlackRock missing revenue expectations despite hitting a record $12.5 trillion in assets under management. Wells Fargo also disappointed investors with lower-than-expected interest income and weaker guidance. Gold, oil, and cryptocurrencies declined, while the dollar strengthened and Treasury yields dipped.