Tag: Rigetti Computing

BusinessHardwareTechnology

Midday Market Movers: Tech, Travel and Healthcare Stocks See Sharp Swings on Earnings and Forecasts

Major midday stock movements include Super Micro Computer’s 7% drop after revenue forecast cuts and quantum computing stocks surging on potential government investment. Hexcel hits 52-week high while Southwest Airlines falls despite surprise profit.

Technology Sector Sees Divergent Moves

Technology stocks experienced significant midday volatility, with Super Micro Computer slumping 7% after reportedly cutting its fiscal first-quarter revenue forecast to approximately $5 billion from previous estimates of $6 billion to $7 billion. Meanwhile, quantum computing shares surged following a Wall Street Journal report indicating the Trump administration is in talks to acquire equity stakes in several quantum computing companies. According to the analysis, Rigetti Computing gained 11%, while IonQ advanced 10% and Quantum Computing rose 8%.

by Megan Carter
BusinessStartupsTechnology

Quantum Computing Stocks Surge on Government Interest, Earnings Drive Premarket Moves

Quantum computing stocks surged Thursday following reports of potential U.S. government investment in the sector. Meanwhile, mixed earnings results created wide divergences among major companies in premarket trading.

Quantum Computing Sector Gains on Government Interest

Quantum computing stocks experienced significant premarket gains Thursday following reports that the U.S. government is considering equity investments in several quantum computing firms, according to Wall Street Journal coverage. IonQ and Quantum Computing shares reportedly rose nearly 9%, while Rigetti Computing gained approximately 8% as investors reacted to the potential government backing in this emerging technology sector.

by Tyler Brooks P.E
Assistive TechnologyComputing

Quantum Computing Stocks Face Market Pressure as Major Players See Significant Declines

Major quantum computing companies are experiencing significant stock price declines this week, with some dropping by double digits. The so-called Quantum Four publicly traded firms reportedly face mounting market pressures as premarket trading continues the downward trend.

Quantum Computing Sector Faces Market Headwinds

The quantum computing sector is reportedly experiencing significant market pressure this week as major players in the industry saw substantial stock price declines. According to reports, the four primary publicly traded quantum computing companies – Rigetti Computing, IonQ, Quantum Computing Inc, and D-Wave Quantum – all faced declining share prices, with some dropping by double-digit percentages during Thursday’s trading session.

by Megan Carter