The rare earth market is back in turbulence.At the start of trading, U.S.-listed rare earth stocks fell across the board: MP Materials -6.2%, USA Rare Earth -8.6%, United States Antimony -2%, and NioCorp -4.8%.On Monday, JPMorgan announced a $1.5 trillion strategic investment plan, with up to $10 billion earmarked for critical minerals and frontier technologies.What rare earth stocks to focus?Meanwhile, Morgan Stanley’s latest report highlights that the interlinked dynamics of rare earths, AI, and tariffs are reshaping the competitive landscape between China and the U.S.Morgan Stanley four scenarios: the future path of rare earthsMorgan Stanley describes the current U.S.–China relationship as entering a “strategic upgrade phase”, outlining four possible trajectories:Scenario 1 (Base Case):
Quantum Move! Is This the Next “Rare Earth” Boom?
Several quantum-computing companies are in talks to give the Commerce Department equity stakes in exchange for federal funding, a signal that the Trump administration is expanding its interventions in what it sees as critical segments of the economy. IonQ and D-Wave Quantum rose 17%; Rigetti Computing rose 14%; Quantum Computing and Sealsq rose 10%; Arqit Quantum rose 24%.
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