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Closing Bell | U.S. Markets See Mixed Performance, Applied Digital Surges Over 16%, Tesla Drops Over 5%

Market Watcher10-11

On October 10, 2025, U.S. markets experienced mixed performance. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite showed varied movements, reflecting a day of sectoral divergence and stock-specific volatility.

Sector-wise, the U.S. semiconductor sector faced significant pressure, with a decline of 5.00%. Notable stocks like Intel dropped 3.89%, while Applied Materials fell 4.70%. The U.S. electric vehicle sector also struggled, with Tesla Motors declining 5.06% amid concerns over valuation. Meanwhile, the U.S. AI sector saw a downturn, with Apple falling 3.45% following news of CEO Tim Cook's planned departure and internal restructuring.

In individual stock movements, Applied Digital Corp surged 16.05% after multiple analysts raised its price target, reflecting strong confidence in the company's growth potential. Intel saw a 3.89% drop despite HSBC raising its price target to $24, as the bank downgraded the stock to a "Sell" rating. Tesla Motors fell 5.06% as Wells Fargo reiterated its "Underweight" rating, citing overvaluation concerns. Apple declined 3.45% following news of CEO Tim Cook's planned departure and restructuring efforts in key business areas.

CoreWeave, Inc. dropped 3.25% despite positive sentiment around its partnership with Nvidia and its role in the AI ecosystem. Pfizer fell 1.82% after Morgan Stanley cut its price target from $33.00 to $32.00. Trilogy Metals experienced a sharp decline of 9.47% after BMO Capital Markets downgraded its rating to "Market Perform."

The cryptocurrency sector also faced headwinds, with Canaan Inc. plummeting 11.07% and The9 dropping 16.52% amid a broader sell-off in cryptocurrency-related stocks.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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