Stocks making the biggest moves premarket: USA Rare Earth, Allied Gold, CoreWeave, Enphase & more

• By Fred Imbert
• Tue, Jan 27
• 1678
• 145

Stocks tied to commodities and artificial intelligence led Monday’s market moves, with USA Rare Earth surging after the Trump administration took a stake, and gold miners climbing as the precious metal topped $5,100 an ounce.

USA Rare Earth jumped more than 21% after the U.S. government acquired a stake in the miner, part of a broader push to secure domestic supplies of critical minerals. The company will issue 16.1 million shares and 17.6 million warrants.

Gold miners advanced as spot prices set a new record. Newmont gained over 4%, while Hecla Mining rose more than 5.5% after reporting silver and gold production at the high end of guidance. Allied Gold climbed over 3% after agreeing to a C$5.5 billion cash acquisition by Hong Kong’s Zijin Gold.

In the AI sector, CoreWeave soared nearly 10% after Nvidia invested an additional $2 billion to accelerate the buildout of AI data centers. Nvidia shares dipped 0.6%.

IonQ rose 2.7% on its $1.8 billion deal to acquire SkyWater Technology, which jumped 7.3%.

Airline stocks fell as a major winter storm raised concerns over flight disruptions. United Airlines and American Airlines each slid nearly 1%.

AppLovin gained over 2% after an upgrade from Needham, while Enphase Energy fell nearly 2% after announcing workforce cuts.

• Tags
• Finance
• Stocks
• Gold
• Rare Earth
• AI