MP Materials (MP) shares have surged 98.9% in the past six months, outperforming the industry, sector, and S&P 500. Key drivers include partnerships with Apple and the DoW for rare earth magnets, as well as strong production numbers in Q2 and Q3 of 2025.

While MP outperformed Lynas Rare Earths, it lagged behind Energy Fuels in the same period. Investors should carefully assess growth prospects and risks before investing due to the recent rally.

MP Materials has established partnerships with Apple and the DoW, including a joint venture in Saudi Arabia. The company reported solid production numbers, with NdPr production reaching 721 MT in Q3, a 51% increase year-over-year.

Earnings estimates for MP Materials have seen downward revisions, but the company is expected to see revenue growth of 13.66% in 2025 and 79% in 2026. The stock trades at a premium compared to industry peers.

MP Materials operates the Mountain Pass Rare Earth Mine, positioning itself well in the U.S. supply chain. Investments from the DoW and Apple, along with a focus on domestic rare earth capabilities, indicate a strong growth trajectory for the company.

The next phase of the AI explosion presents opportunities for investors. Zacks’ AI Boom 2.0 report highlights under-the-radar companies poised to benefit from this growth. Access the report for free to explore potential investment opportunities in this sector.

Read more at Nasdaq: Is MP Stock a Buy, Hold or Sell After Its 98.9% Six-Month Rally?