Cleveland-Cliffs Inc. (NYSE:CLF) stock surged by 10.4% to $9.77 as investors prepared for the release of its Q2 earnings on July 21, 2025. The company, impacted by President Trump’s steel tariffs, is anticipated to benefit from competitive pricing against imported steel. CEO Goncalves sees potential for long-term positive impact.

Investors are optimistic about Cleveland-Cliffs (CLF) as they anticipate the company’s performance following President Trump’s tariffs on steel imports. CEO Goncalves believes the tariffs will make America a manufacturing superpower again. However, some investors see greater promise in AI stocks for higher returns with limited downside risk.

For those seeking investment opportunities, AI stocks are seen as having greater potential for higher returns with limited downside risk compared to Cleveland-Cliffs (CLF). The company’s stock is expected to benefit from Trump’s tariffs and onshoring. Investors are advised to consider AI stocks for better investment prospects.

Read more at Yahoo Finance: Cleveland-Cliffs (CLF) Soars 10.4% as Investors Turn Optimistic Ahead of Q2 Earnings