These Stocks Moved the Most Today: MP Materials, Nvidia, Alibaba, Venture Global, Applied Digital, Qualcomm, and More
Oct 10, 2025 05:58:00 -0400 by Joe Woelfel | #TechnologyTraders working at the New York Stock Exchange. (NYSE)
Key Points
- MP Materials and USA Rare Earth jumped after President Donald Trump threatened Beijing with a ‘massive increase’ of tariffs on Chinese goods, citing efforts by China to impose export controls related to rare-earth metals.
- Nvidia declined following Trump’s threats against China. The chip maker set a record high on Thursday.
- Applied Digital surged after reporting a narrower-than-expected fiscal first-quarter adjusted loss and a finalized lease agreement with CoreWeave.
Stocks closed sharply lower Friday after President Donald Trump in a social media post threatened Beijing with a “massive increase” of tariffs on Chinese goods. The president cited efforts by China to impose export controls related to rare earth minerals.
These stocks moved Friday:
Rare-earth miner MP Materials jumped 8.4% to $78.34 and USA Rare Earth rose 5% to $32.61 after Trump issued his tariffs threat. MP Materials set a 52-week high of $84.92 earlier in the session.
Nvidia fell 5% after shares of the leading maker of chips for artificial-intelligence applications closed Thursday at $192.57, an all-time high. Shares reversed earlier gains and slumped along with other tech stocks on Friday after Trump signaled increased trade tensions between the U.S. and China. The president’s post followed a report that China was stepping up its effort to prevent imports of U.S. semiconductors.
Chinese stocks tumbled in U.S. trading following Trump’s threats against China. Alibaba and Baidu were both down more than 8%. Earlier this week, Jefferies analysts reiterated a Buy rating on Alibaba shares, which were named the firm’s “top pick.”
Fiscal third-quarter adjusted earnings and revenue at Levi Strauss topped analysts’ estimates and the jeans maker raised its fiscal-year outlook. Levi Strauss expects fiscal-year revenue to rise 3%, higher than previous guidance that called for an increase of 1% to 2%. The company also boosted its adjusted earnings forecast to $1.27 to $1.32 a share from $1.25 to $1.30. Shares of Levi Strauss, however, fell 13%.
Venture Global sank 25% after the U.S.-based natural gas exporter lost an arbitration case against its customer, BP. Venture Global said the International Court of Arbitration had issued a partial final award to BP. The British oil company and several other customers accused Venture Global of withholding contracted liquefied natural gas cargoes, and instead selling them on the spot market to benefit from a surge in prices that was driven by the war in Ukraine.
Qualcomm declined 7.3% as China launched an investigation into the chip company for suspected violations of the country’s antimonopoly law. The investigation involves the takeover of Israeli start-up Autotalks, which Qualcomm acquired in June. “We are fully cooperating with SAMR in this matter,” a Qualcomm spokesperson told Barron’s. “Qualcomm is committed to supporting the development and growth of our customers and partners.”
Applied Digital reported a fiscal first-quarter adjusted loss of 3 cents a share, narrower than analysts’ estimates that called for a loss of 13 cents. Revenue of $64.2 million beat forecasts of $46.1 million. The company also finalized a new lease agreement with CoreWeave. Shares of Applied Digital, the operator of artificial-intelligence data centers, surged 16%.
Data-analytics company Elastic jumped 6.1% after hiking its revenue guidance and announcing a $500 million stock buyback. Elastic expects fiscal 2026 revenue of between $1.697 billion and $1.703 billion, up from a previous call of between $1.679 billion and $1.689 billion.
Mosaic tumbled 9.3% after the chemicals company said “unexpected mechanical issues” at its Riverview sulfuric acid plant and “utility interruptions” at Bartow, both located in Florida, in mid-September “caused a meaningful decline in overall production for the remainder of the month.”
Vertiv Holdings, the maker of AI infrastructure products that cool and power data centers, rose 0.1%. The move came after Citi analysts on Thursday put a bullish 90-day catalyst watch on Vertiv, citing “increased conviction on robust data center infrastructure demand.”
EightCo Holdings rose 17% after the technology investment company announced a pilot program to advance artificial-intelligence authentication for enterprises. Eightco said the initiative will develop approaches to address identity and verification challenges brought about by the expansion of AI.
Write to Joe Woelfel at joseph.woelfel@barrons.com and Mackenzie Tatananni at mackenzie.tatananni@barrons.com