GlobalFoundries (GFS) stock surged 12% after securing a $375M quantum computing grant from the U.S. government and launching a new quantum division.
Ralph Lauren (RL) stock surged 11% following a Q4 earnings beat with $2.80 EPS and $1.98B revenue. Asia sales jumped 31% as annual revenue hit $8.1B.
Infleqtion (INFQ) stock climbed 30% after receiving $100M in federal quantum grants, delivering 14% Q1 revenue growth, and securing CHIPS funding approval.
Rigetti Computing (RGTI) stock jumped 23% after securing a $100M CHIPS Act funding deal from the U.S. Commerce Department for quantum computing research.
Workday (WDAY) reports Q1 earnings Thursday evening. Analysts forecast $2.52 EPS on $2.52B revenue as the stock sits down 40% year-to-date.
Zoom (ZM) stock climbs 2% ahead of Q1 earnings. Analysts project $1.42 EPS, $1.22B revenue. Wall Street targets range from $88 to $122 per share.
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View MoreMicrosoft (MSFT) stock jumped ~2% on reports Anthropic is considering renting servers with Maia AI chips. Talks are preliminary and unconfirmed.
SK Hynix stock climbs 11% as the memory chipmaker plans a $14B US ADR listing. Record HBM profits and 72% margins fuel investor enthusiasm.
CoreWeave (CRWV) stock jumped 4% after GF Securities started coverage with a Buy rating, citing AI data center expansion and strong growth prospects.
Manus co-founders pursue $1B funding to reclaim AI startup after China orders Meta to reverse $2B+ acquisition amid tech investment scrutiny.
Trump’s ExportAI Initiative uses Export-Import Bank financing to help global firms purchase American AI tech and Nvidia chips, countering China’s expansion.
US stock futures tumbled Thursday as Iran blocked enriched uranium exports. Nvidia beat earnings but guidance underwhelmed. Oil jumped above $106 per barrel.
Trump administration allocates $2B to quantum computing firms including IBM, D-Wave, and Rigetti, sending stocks up 7-21% in premarket trading.
JPMorgan CEO Jamie Dimon warns of recession risks from rising rates while revealing the bank will prioritize AI talent over traditional bankers in 2026.
Advance Auto Parts (AAP) stock rose 8% after beating Q1 earnings estimates, but full-year guidance below consensus tempered investor enthusiasm.
Deere (DE) stock fell 3% despite beating Q2 earnings estimates. Large ag equipment sales dropped 14% as flat farm income and rising costs weigh on demand.
Nvidia (NVDA) surpasses earnings expectations with $91B revenue outlook. Applied Digital jumps on $7.5B AI deal. Intuit drops 14% after cutting 17% of workforce.
NIO stock gains after reporting Q1 deliveries up 98% YoY, beating earnings estimates, and issuing optimistic Q2 guidance above Wall Street expectations.
Finance News
View MoreIonQ (IONQ) stock rose 9.5% even after being excluded from the government’s $2B quantum grants that went to D-Wave, Rigetti, and IBM.
GlobalFoundries (GFS) stock surged 12% after securing a $375M quantum computing grant from the U.S. government and launching a new quantum division.
Ralph Lauren (RL) stock surged 11% following a Q4 earnings beat with $2.80 EPS and $1.98B revenue. Asia sales jumped 31% as annual revenue hit $8.1B.
Infleqtion (INFQ) stock climbed 30% after receiving $100M in federal quantum grants, delivering 14% Q1 revenue growth, and securing CHIPS funding approval.
Rigetti Computing (RGTI) stock jumped 23% after securing a $100M CHIPS Act funding deal from the U.S. Commerce Department for quantum computing research.
Workday (WDAY) reports Q1 earnings Thursday evening. Analysts forecast $2.52 EPS on $2.52B revenue as the stock sits down 40% year-to-date.
Zoom (ZM) stock climbs 2% ahead of Q1 earnings. Analysts project $1.42 EPS, $1.22B revenue. Wall Street targets range from $88 to $122 per share.
D-Wave Quantum (QBTS) stock rallies 22% after securing $100M CHIPS Act funding LOI from U.S. Department of Commerce for quantum R&D development.
Block (XYZ) stock climbed 10% post-Q1 earnings with record EBITDA and Cash App growth, but DOJ probe reserve and restructuring costs raise questions.
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