🤖 Rumble joins the AI gold rush

Good evening. Investors are shrugging off the ongoing government shutdown and many believe it will be short-lived and that the Federal Reserve is still likely to cut interest rates at its late October meeting.

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Market data: today’s market close

WINNERS

⬆︎15.83% Rumble

The conservative-leaning video platform just teamed up with Perplexity, to bring AI-powered search into its site. The goal is simple: make it easier for viewers to actually find videos that match what they’re looking for, instead of getting lost in a sea of content. On top of that, the two companies plan to bundle subscriptions and promote Perplexity’s AI assistant across Rumble’s ecosystem. [Read more]

⬆︎14.31% USA Rare Earth

The mining company is working closely with the U.S. government, as it tries to reduce dependence on China for key minerals. The company is building a mine in Texas and a magnet factory in Oklahoma, and its CEO says they’re keeping the White House updated on their plans. She also supports recent government investments in other mining companies [Read more]

MORE WINNERS

⬆︎34.63% Plug Power
⬆︎13.65% Archer Aviation
⬆︎6.50% Shopify

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Market data: today’s market close

LOSERS

⬇︎2.71% Applied Materials

The maker of chip-building machines is bracing for a hit after new U.S. export rules tightened restrictions on sales to China. The company warned it could lose about $600 million in revenue in fiscal 2026 because subsidiaries of blacklisted Chinese firms will now face the same trade curbs as their parent companies. [Read more]

⬇︎2.98% Bumble

Goldman Sachs cut the dating app’s rating from Buy to Neutral and lowered its price target from $8 to $7, pointing to the company’s pullback on U.S. marketing, which has led to app downloads falling more than 35% year over year. At the same time, Hinge keeps on gaining traction ahead of its rivals. [Read more]

⬇︎7.26% Wynn
⬇︎7.41% Las Vegas Sands

Golden Week in China is usually a big moment for travel and spending, but early data this year is looking weaker than some expected. Passenger volumes rose only slightly, which has raised concerns for casino operators in Macau, one of the world’s top gambling hubs. Las Vegas Sands, best known for running the massive Venetian Macau, along with Wynn Resorts, both depend heavily on tourism flows to the region. [Read more]

MORE LOSERS

⬇︎7.47% Palantir
⬇︎8.10% Roblox
⬇︎9.21% Hims & Hers

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Market data: today’s market close

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