Stock Movers Qualcomm China Investigation; Applied Digital Rises; Levi Lower
Oct 10, 2025
China is probing Qualcomm for potential anti-monopoly violations, raising concerns about its revenue there. Applied Digital is soaring after announcing advanced discussions for a new data center in North Dakota, boosted by strong earnings. Levi raised its annual outlook but flagged tariff challenges impacting margins. Meanwhile, Critical Metals is gaining on rumors of a possible U.S. equity stake to challenge China's dominance in rare earths. Intriguing developments are shaking up the market!
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China Antitrust Risk For Qualcomm
- Qualcomm faces an antitrust probe in China that matters because about 65% of its revenue comes from China.
- Regulatory scrutiny there could materially affect Qualcomm's sales and investor sentiment.
Applied Digital Rally From Hyperscaler Talks
- Applied Digital jumped after beat-and-announce details about expanding leases with CoreWeave and hyperscaler talks for a second campus.
- The market rewarded the company for advanced discussions to build large-scale data center capacity in North Dakota.
Tariff Concerns Weigh On Levi Shares
- Levi raised full-year outlook yet shares fell as the company warned tariffs are starting to bite.
- Investors worry higher tariffs could erode margins despite recent price-driven margin gains.