$51.81
-0.21 (-0.40%)
XLB News30 articles
S&P 500 at High Valuations Stirs Crash Fears Amid Mixed Signals
The S&P 500's high valuation and mixed historical signals have sparked talk of a potential 2026 stock market crash, with AI-driven profits under pressure from rising rates.
Dow Plummets Amid Oil Spike, Dovish Fed Hopes Dim
The Dow Jones Industrial Average fell sharply Thursday, losing 428 points as surging oil prices and a less accommodative Federal Reserve outlook rattled investors.
Cleveland-Cliffs Leads Steel Sector Lower Amid Auto Demand Woes
Cleveland-Cliffs shares dropped over 5% on Friday, the steepest decline among major U.S. steel producers, as the sector faced pressure from weak automotive demand and a broader market selloff.
TSX Closed for Holiday, Investors Eye Oil, Gold, and Key CPI Data Ahead of Reopening
The Toronto Stock Exchange is closed Monday for Family Day, with trading set to resume Tuesday. Investors are monitoring commodity price shifts and awaiting key Canadian inflation data.
Materials Sector Gains on Inflation Data, Steel Slumps on Tariff Fears
The materials sector advanced Friday as a cooler inflation reading boosted sentiment, though steel and aluminum stocks retreated amid renewed tariff concerns. Copper prices held firm despite a significant build in exchange inventories.
Materials Sector Gains Amid Tariff Uncertainty, Gold Jumps
The materials sector advanced Friday despite pressure on steel producers from tariff speculation, while gold rallied sharply on renewed rate cut hopes.
Materials Sector Surges as Investors Eye Key Economic Data
Basic materials stocks rallied sharply Friday, led by metals and mining shares, as traders rotated into cyclical sectors ahead of critical U.S. jobs and inflation reports.
Materials Sector Rallies as Copper Hits $5.88, Eyes on Jobs and CPI Data
The materials sector surged Friday, led by miners, with copper rising to $5.88 per pound. Investors now await key labor and inflation reports next week that could impact commodity prices.
China's Dual-Use Export Ban Hits Red Cat Holdings; MP Materials Rises on Limited Exposure
China's immediate ban on dual-use exports to Red Cat Holdings and Teal Drones caused RCAT to drop 0.79% pre-market, while MP Materials rose 1.02% after confirming minimal China exposure.
Applied Materials Surges on Citi's AI-Driven Price Target Hike
Applied Materials shares jumped 6.7% to $606.53 after Citi raised its price target to $710 from $550, citing AI-driven chip-equipment demand. The broader semiconductor equipment sector also rallied.
Rogers Corp. Surges on AI Materials Demand; Global Markets React to Regulatory and IPO News
Rogers Corp. shares surged 4% on demand growth and AI materials progress. China's regulator warns against AI stock speculation. BSE shares fall as NSE prepares for a major IPO. C3.ai may be overvalued by 45%.
Regentis Biomaterials Shares Retreat After Record Surge on Withdrawal of Share Offering
Regentis Biomaterials shares dropped 27.66% premarket after a 506% surge driven by the withdrawal of a planned share offering, with investors focusing on upcoming surgeon training and funding concerns.
Applied Materials Surges on AI Chip Boom, Analyst Targets Raised
Applied Materials shares surged 9.6% to $544.50 after analysts raised price targets, citing robust AI chip demand and a new $500 million Singapore facility that doubles cleanroom capacity.
Regentis Biomaterials Stock: Surgeon Training for GelrinC Knee Implant Set for Q3
Regentis Biomaterials shares fell slightly premarket after announcing European surgeon training for its GelrinC knee implant will start in Q3, a commercial milestone but not yet revenue.
Applied Materials Hits Record High on AI-Driven Chip Demand
Applied Materials shares surged nearly 7% to a record high after CFO Brice Hill raised its 2026 growth forecast above 30%, driven by AI-related chip factory investments.
MP Materials Shares Surge on Analyst Initiation and Strong Quarterly Results
MP Materials shares surged 7.7% to $69.70 after Needham initiated coverage with a Buy rating and $81 target, citing the company's competitive advantages. First-quarter revenue jumped 49% to $90.6 million, driven by record rare-earth production.
Applied Materials Finishes Strong Week as AI Demand Drives Chip Equipment Maker Near Record Highs
Applied Materials ended the holiday-shortened week at $450.06, up 4.1%, near record highs, driven by AI-related equipment demand and analyst upgrades.
Origin Materials Shares Surge on Liquidation Plan with Estimated Payout of Up to $3.54
Origin Materials shares jumped 15% after disclosing a liquidation plan with estimated payouts of $0.61 to $3.54 per share, as the company cuts 59% of staff and the CEO steps down.
Applied Materials Soars on AI Demand, Record Revenue, Upbeat Guidance
Applied Materials reported record quarterly revenue and earnings, driven by AI chip demand, and issued a strong Q3 forecast. Shares gained 3% in after-hours trading.
Applied Materials Earnings Preview: AI Demand vs China Export Risk
Applied Materials reports fiscal Q2 earnings Thursday. Options markets signal a potential 7% stock move amid AI demand and China export risks.
Qnity Electronics Q1 Earnings: A Critical Test for AI Materials Rally
Qnity Electronics reports Q1 results before Tuesday's open, testing the AI chip-materials rally. Analysts expect adjusted EPS of 92 cents.
MP Materials Surges on Q1 Beat as 'Mine-to-Magnet' Strategy Gains Momentum
MP Materials topped Q1 forecasts with revenue up 49% to $90.6M and adjusted EPS of $0.03, as NdPr production surged 63%. Shares rose 4.26% after hours.
Applied Materials Secures 140 Acres in Karnataka for AI Chip R&D Hub
Karnataka approved 140 acres for Applied Materials near Bengaluru airport for AI chip R&D. The land is valued at ₹780 crore, with final clearances pending.
MP Materials Earnings in Focus Amid Rare Earth Supply Shifts
MP Materials will report Q1 earnings on May 7, with China shipping 60 tons of yttrium oxide to the U.S. in March, though annual imports are still down 75%.
New US Export Curbs Target Applied Materials, Chip Tool Shipments to China's Hua Hong
The US Commerce Department ordered Applied Materials, Lam Research, and KLA to halt some chip-tool shipments to China's Hua Hong, targeting advanced chip production facilities. AMAT shares fell 5.8%.
Applied Materials Tumbles 5.5% on Renewed China Export Fears
Applied Materials shares dropped 5.5% after a Reuters report that the U.S. Commerce Department ordered chip equipment makers to stop some shipments to China's Hua Hong.
MP Materials Gains Strategic Momentum with GM, Apple Deals Amid Rare Earth Push
MP Materials is set to supply rare-earth magnets to General Motors this year and Apple in 2027, supported by U.S. government contracts and a strategic push to diversify supply chains away from China.
Applied Materials and Micron Forge AI Memory Alliance at $5B EPIC Center
Applied Materials and Micron Technology announced a strategic collaboration to advance memory solutions for artificial intelligence systems. The partnership will leverage Applied's upcoming $5 billion EPIC research center.
Applied Materials Recovers as Chipmakers Demand Timely Tool Deliveries
Applied Materials shares recovered 1.9% Wednesday, partially offsetting a 5.6% decline from the prior session. A company executive noted chipmakers are pressing for on-schedule equipment deliveries amid strong demand.
Applied Materials Shares Dip Slightly in Extended Trading
Applied Materials stock declined marginally in after-hours trading Monday, with investors focused on upcoming executive appearances and key industry dynamics.