These Stocks Moved the Most Today: Broadcom, MP Materials, Albemarle, Bloom Energy, Nvidia, Tesla, Fastenal, and More
Oct 13, 2025 05:54:00 -0400 by Joe Woelfel | #TechnologyA trader working at the New York Stock Exchange. (NYSE)
Key Points
- Broadcom is partnering with OpenAI to develop and deploy 10 gigawatts of custom artificial-intelligence accelerators,
- MP Materials’ shares extend gains, driven by U.S. defense investments and China trade tensions.
- Chip makers Nvidia and Advanced Micro Devices rise after falling Friday amid the increased trade tensions between the U.S. and China.
Stocks rose sharply on Monday as President Donald Trump softened his tone after threatening to hit China with 100% tariffs on top of existing levies.
“Don’t worry about China, it will all be fine!” Trump wrote on social media over the weekend after Friday’s threat sent markets tumbling.
These stocks moved:
Broadcom jumped 9.9% after announcing a partnership with OpenAI to develop and deploy 10 gigawatts of custom artificial-intelligence accelerators. OpenAI, the maker of ChatGPT, will design the accelerators, while Broadcom will provide ethernet and other connectivity solutions at OpenAI’s facilities and partner data centers.
Rare-earths miner MP Materials extended gains. It surged 21% to $95.06 to a fresh record close. It jumped 8.4% on Friday when Trump said the U.S. would retaliate against China over export controls. The Defense Department also has invested in the company as it seeks to ensure the U.S. has access to the materials, boosting the stock.
MP Materials produces neodymium and praseodymium oxides, key components of magnets for high-tech products like electric vehicles and F-35 fighter jets. Shares have risen 515% this year, putting them on pace for the best year on record, according to Dow Jones Market Data.
Shares of smaller rare-earth companies USA Rare Earth, Ramaco Resources, and Critical Metals gained 19%, 11%, and 55%, respectively, after closing higher on Friday. Albemarle, a lithium miner, rose 7.2%.
Bloom Energy soared 27% after the company agreed to a $5 billion partnership with Brookfield Asset Management to construct factories to supply computing capacity and energy for artificial intelligence.
Nvidia , the leading maker of chips for artificial-intelligence applications, rose 2.8% after closing down 4.9% on Friday amid increased trade tensions between the U.S. and China. Shares fell 2.4% last week.
Advanced Micro Devices rose 0.7% following a 7.7% drop Friday. AMD was the best performing stock in the S&P 500 last week, rising almost 31%. The gains came after the chip maker unveiled a deal with OpenAI to power six gigawatts of AI infrastructure with its graphics processing units. OpenAI, the developer of chatbot ChatGPT, also was issued a warrant for up to 160 million shares of AMD, representing about 10% of total shares.
Tesla climbed 5.4% to $435.90 after Melius Research initiated coverage on the stock with a Buy rating and $520 price target. Shares of the EV maker declined 5.1% on Friday and 3.8% for the week.
Tesla unveiled new versions of its Model 3 and Y last Tuesday that cost less than $40,000. A lack of affordable models, more EV competition and concern over CEO Elon Musk’s politics have dented demand in Europe, and Tesla now hopes lower-priced versions of its two most popular cars can boost sales in the region.
Intel and Texas Instruments were up 2.3% and 2%, respectively, even after BofA Securities downgraded both stocks to Underperform from Neutral ahead of the companies’ earnings reports. The firm also upgraded Applied Materials to Buy from Neutral and boosted its price target on the shares to $250 from $180, citing near-term growth prospects and a wide valuation gap to peers. Shares rose 4.5% to $219.48.
Alibaba’s U.S.-listed shares rose 4.9% after closing down 8.5% on Friday. While Trump’s remarks about China trade relations had investors worried, the president dialed back his rhetoric over the weekend, saying President Xi Jinping “just had a bad moment.” Shares of Chinese tech companies Baidu and JD.com rose 3.3% and 4.4%, respectively, after suffering steep losses in the previous trading session.
Fastenal, the fastener maker, reported third-quarter earnings of 29 cents a share, missing analysts’ estimates of 30 cents, as revenue of $2.13 billion match expectations. The stock declined 7.5%.
Estée Lauder gained 5.8% to $92.74. The cosmetics company was upgraded to Buy from Neutral at Goldman Sachs and the price target was increased to $115 from $76.
Earnings reports are expected later in the week from JPMorgan Chase, Wells Fargo, Bank of America, Johnson & Johnson, Goldman Sachs, Morgan Stanley, BlackRock, Citigroup, ASML, Domino’s Pizza, Abbott Laboratories, United Airlines, Taiwan Semiconductor Manufacturing, Charles Schwab, Intuitive Surgical, Interactive Brokers, Bank Of New York Mellon, Travelers, CSX, American Express, SLB, and State Street.
Write to Joe Woelfel at joseph.woelfel@barrons.com and Mackenzie Tatananni at mackenzie.tatananni@barrons.com