MP Materials stock soars
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Despite Apple Inc.'s (NASDAQ: AAPL) recent management overhaul, CEO Tim Cook is facing mounting criticism from analysts over his leadership and the company's innovation strategy.
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Apple has created a powerful and sticky ecosystem, but sizable growth is difficult to come by these days. Thanks to impressive profitability, Apple will continue to return massive amounts of cash to shareholders.
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Apple is investing $500 million with MP Materials to design and manufacture recycled rare earth magnets in the US, specifically for Apple devices.