NYSE:MP
NYSE:MPMetals and Mining

MP Materials (MP) Announces US$275 Million Revolving Credit Facility With JPMorgan Chase

MP Materials (MP) announced a $275 million revolving credit facility with JPMorgan Chase in August, aiming to enhance operational flexibility. Despite reporting a reduced net loss for Q2 2025 compared to last year, sales saw significant growth, shining a positive light on its earnings announcement. The company's performance in the market, with a 145% price move over the last quarter, aligns well with recent market trends where indices like the S&P 500 hit record highs. Strengthened...
NYSE:ABBV
NYSE:ABBVBiotechs

AbbVie (ABBV) Declares US$1.64 Quarterly Dividend for Shareholders

AbbVie (ABBV) recently affirmed a quarterly dividend of $1.64 per share, adding stability for shareholders amid a 12% quarterly price gain. Despite some company challenges, such as lower net income in Q2, the strong dividend outlook, positive trial results, and an increased revenue projection added momentum to AbbVie's stock performance. Additionally, the U.S. labor market's struggles have fueled expectations for Federal Reserve rate cuts, pushing Treasury yields lower. These market dynamics...
NasdaqGS:AVGO
NasdaqGS:AVGOSemiconductor

OpenAI Partners With Broadcom (AVGO) To Develop AI Chip For Internal Use In 2026

Broadcom (AVGO) has recently partnered with OpenAI to develop an AI chip, a pivotal move that aligns with its strategic goal of enhancing AI capabilities. This collaboration was announced around the same time the company posted impressive quarterly earnings, including a 63% increase in AI revenue, which likely played a role in the company's share price rising 36% last quarter. Market factors also supported this increase, with overall tech sector performance remaining steady and a positive...