Stock Movers Closing Bell: USA Rare Earth Rises, Rumble Gains, Palantir Falls
Oct 3, 2025
USA Rare Earth shares surged as discussions with the Trump administration hint at potential government deals. Rumble saw its stock rally after partnering with Perplexity to launch a new subscription model. Meanwhile, Palantir's stock fell over 8% due to a flawed report regarding its battlefield communication system, which the company quickly debunked. The hosts also explored the implications of recent trends in meat prices and the growth of the condiment market, topped off with some light-hearted food banter.
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Government Talks Boost Rare Earth Stock
- USA Rare Earth jumped after reports it is in close communication with the Trump administration about potential government deals.
- Barbara Humpton's arrival as CEO and government interest helped push the stock sharply higher.
Analysts Defend Reddit Revenue Data
- Reddit rallied intraday after analysts defended its revenue prospects and disputed data showing reduced LLM citations.
- Oppenheimer argued the decline was a measurement issue, not reflective of actual user or LLM behavior.
Partnership Sparks Rumble Rally
- Rumble rallied after announcing a strategic partnership with Perplexity to combine pro features into a new subscription model.
- The market reacted positively despite Rumble being down about 35% year-to-date and heavy short interest.