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Is a Quantum Surge Masking a Market That's Barely Holding Together?
NEW YORK — Stocks closed modestly higher Thursday, but the headline numbers are doing a lot of heavy lifting: the S&P 500’s +0.17% gain to 7,445.72 rested on a session where only 178 of its holdings advanced and just two of eleven sectors finished in positive territory. 📊 Trader’s Take My read on this session: the surface looks calm, the interior is fraying. When quantum computing names jump…
Is Iran Derailing the Rally That Nvidia Just Couldn't Save?
NEW YORK — A geopolitical jolt from Tehran is doing what a blowout Nvidia quarter couldn’t prevent: dragging U.S. equities lower at midday, with oil pushing toward $98 a barrel and erasing Wednesday’s optimism about a potential Iran nuclear deal. 📊 Trader’s Take My read on this tape: the Iran headline is doing more damage than the index numbers suggest. Oil at $98 is a tax on consumer spending,…
Is the $2 Billion Quantum Bet Washington's Most Aggressive Market Move Yet?
NEW YORK — Washington just wrote a $2 billion check to the quantum computing sector, and Thursday’s opening bell made clear that traders were not about to wait for the ink to dry. 📊 Trader’s Take My read on this is that the federal grant story is real, but the price action in the pure-plays is running well ahead of the fundamentals. D-Wave booking a 2,000% surge in Q1 bookings to $33.4 million…
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Quantum Computing Stock Skyrockets Further on NASA Contract
Quantum Computing was awarded a contract by NASA's Goddard Space Flight Center to use its entropy quantum optimization machine to help the space agency's imaging more news...
