U.S. stocks were mixed, with the Dow Jones index falling around 100 points on Tuesday.
Shares of MP Materials Corp. (NYSE:MP) rose sharply during Tuesday's session after the company signed a long-term agreement to supply Apple Inc (NASDAQ:AAPL).
MP Materials entered into a long-term partnership under which it will provide Apple with rare earth magnets made from 100% recycled materials, manufactured in the U.S.
MP Materials shares jumped 19.4% to $57.95 on Tuesday.
Here are some other big stocks recording gains in today’s session.
- Solid Power, Inc. (NASDAQ:SLDP) gained 15.7% to $3.0892.
- Kingsoft Cloud Holdings Limited (NASDAQ:KC) gained 14.5% to $14.56.
- Zepp Health Corporation (NYSE:ZEPP) jumped 13.8% to $10.90. Zepp Health will report its second quarter unaudited financial results on Sunday, Aug. 3.
- USA Rare Earth, Inc. (NASDAQ:USAR) gained 12% to $13.34.
- Opendoor Technologies Inc. (NASDAQ:OPEN) shares rose 11.6% to $1.0050.
- QuantaSing Group Limited (NASDAQ:QSG) jumped 11.5% to $9.78.
- Amprius Technologies, Inc. (NYSE:AMPX) gained 11.5% to $7.52.
- The Trade Desk, Inc. (NASDAQ:TTD) shares rose 11.3% to $83.94 following the announcement of its inclusion in the S&P 500 index.
- Custom Truck One Source, Inc. (NYSE:CTOS) gained 10.7% to $5.70. Custom Truck One Source will release financial results for the second quarter after the market close on Wednesday, July 30.
- Valneva SE (NASDAQ:VALN) jumped 10.7% to $6.73.
- VNET Group, Inc. (NASDAQ:VNET) gained 8.2% to $8.57.
- CoreWeave, Inc. (NASDAQ:CRWV) rose 7.8% to $142.82 after the company announced its commitment to invest $6 billion in building out AI data centers in Pennsylvania.
- Baidu, Inc. (NASDAQ:BIDU) gained 7% to $91.86.
- Advanced Micro Devices, Inc. (NASDAQ:AMD) gained 6.5% to $155.74.
- GitLab Inc. (NASDAQ:GTLB) rose 3.5% to $44.04. Rosenblatt analyst Blair Abernethy initiated coverage on GitLab with a Buy rating and announced a price target of $58.
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