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How QBTS Stock Rises 10x To $250
Trefis83d agoneutral
How QBTS Stock Rises 10x To $250

Yesterday, the U.S. Department of Commerce injected massive momentum into the quantum computing sector, announcing over $2.0 billion in federal incentives under the CHIPS and Science Act across nine quantum computing companies. D-Wave (QBTS) secured a $100 million letter of intent to accelerate domestic system fabrication, granting the federal government an equity stake. The stock surged immediately on the news, reflecting renewed investor confidence in sovereign backing for quantum infrastructu

Waymo suspends freeway rides, pauses Atlanta operations amid safety fixes
Reuters84d agoneutral
Waymo suspends freeway rides, pauses Atlanta operations amid safety fixes

Alphabet's Waymo said on Thursday it has suspended its robotaxi service on freeways ‌in the United States and paused its operations ‌in Atlanta, Georgia as it updates software to improve performance around ​construction zones and flooded roadways. The suspension comes as Waymo, which has been growing its robotaxi operation slowly and steadily for years in the U.S., has quickened the pace of ‌expansion, as others, ⁠including Tesla and Amazon's Zoox, step up their push in the sector. "We have temporarily paused ⁠freeway operations, as we work to integrate recent technical learnings into our software and expect to resume these routes ​soon," ​a Waymo spokesperson said in ​an email.

Canadian regulator triples US streamers' financial contributions to Canadian content
Associated Press84d agoneutral
Canadian regulator triples US streamers' financial contributions to Canadian content

Large online streaming services must contribute 15% of their Canadian revenues to Canadian content, the country's federal broadcast regulator said Thursday. The CRTC made the decision as part of its implementation of the Online Streaming Act, which the U.S. has identified as a trade irritant ahead of trade negotiations with Canada. “The total contributions are expected to stabilize the funding at more than $2 billion in support of Canadian and Indigenous content, such as French-language content and news,” the regulator said in a press release.

Microsoft Is Market’s Biggest Drag as AI Woes Weigh Down Stock
Bloomberg84d agoneutral
Microsoft Is Market’s Biggest Drag as AI Woes Weigh Down Stock

(Bloomberg) -- The S&P 500 Index has had a fitful 2026 as it aims for a fourth-straight year of double-digit percentage gains, something it hasn’t done since the 1990s, while contending with risks from the war in Iran and rising inflation. Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaModi’s Toffee Gift to Meloni Ignites Rally in Wrong Indian StockIran Threatens to Retaliate Beyond Middle East If US AttacksGoldman CEO Slides Into Musk’s DMs During Bid to

Major takeaways from Magnificent Seven's AI-fueled earnings
Reuters84d agoneutral
Major takeaways from Magnificent Seven's AI-fueled earnings

The latest quarterly earnings from Big Tech companies have given investors ample reason to stay invested in the AI trade, helping lift equities despite the unprecedented disruption in ‌the oil markets that has clouded the economic growth outlook. Nvidia rounded out the results from the so-called ‌Magnificent Seven that includes Alphabet, Apple, Microsoft, Amazon.com, Meta Platforms and Tesla. Revenue ​growth at the Magnificent Seven remains highly uneven, with Nvidia's blistering pace helping maintain its dominant lead.

The Real Winner of SpaceX’s IPO: Mark Zuckerberg
24/7 Wall St.85d agoneutral
The Real Winner of SpaceX’s IPO: Mark Zuckerberg

Wall Street has spent the last six months questioning Mark Zuckerberg’s aggressive AI capital spending, with Meta Platforms (NASDAQ:META) raising its 2026 capex guidance to $125 to $145 billion after a Q1 in which revenue grew 33% year over year. While everyone debates whether Meta is overspending, a quieter filing from SpaceX just laid out ... The Real Winner of SpaceX’s IPO: Mark Zuckerberg

Nvidia Gets Tepid Reaction to Forecast, Ups Investor Rewards
Bloomberg85d agoneutral
Nvidia Gets Tepid Reaction to Forecast, Ups Investor Rewards

(Bloomberg) -- Nvidia Corp., the world’s most valuable company, delivered a sales forecast that drew a lukewarm reaction from investors, even as revenue from data center operators continued to surge. Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaIran Threatens to Retaliate Beyond Middle East If US AttacksHasbro Cancels Dungeons & Dragons Game From ‘Star Wars’ VeteranUS Lawmakers Plan New $130 Fee for Electric Vehicle OwnersUS Treasuries Rebound on Optimi

The Bond Market Sees AI Making Warsh’s Inflation Bind Even Worse
Bloomberg85d agoneutral
The Bond Market Sees AI Making Warsh’s Inflation Bind Even Worse

(Bloomberg) -- To judge by a key bond-market signal, the AI boom is only worsening Kevin Warsh’s inflation problem.Most Read from BloombergUS Lawmakers Plan New $130 Fee for Electric Vehicle OwnersHasbro Cancels Dungeons & Dragons Game From ‘Star Wars’ VeteranNATO Is Starting to Consider Hormuz Mission to Protect ShipsUS 30-Year Yield Hits Highest Since 2007 as Selloff DeepensMeta Begins 8,000 Global Job Cuts in AI Efficiency PushThe incoming Federal Reserve chair previously lashed out at the ce

Exclusive-Intuit to cut 17% of global jobs to streamline operations, memo shows
Reuters85d agoneutral
Exclusive-Intuit to cut 17% of global jobs to streamline operations, memo shows

Intuit is laying off about 17% of its workforce, or about 3,000 employees worldwide, to streamline ‌operations and sharpen focus on its key bets including its AI efforts, according ‌to an internal memo seen by Reuters on Wednesday. CEO Sasan Goodarzi sent an email to staff earlier ​in the day, saying that reducing complexity and simplifying the structure would help it deliver better products, according to the memo and a source familiar with the matter. Intuit, which is scheduled to report third-quarter results later on Wednesday, did not immediately return a request ‌for comment.

Nvidia Earnings Don’t Matter This Time
24/7 Wall St.85d agoneutral
Nvidia Earnings Don’t Matter This Time

Currently, option traders are betting that Nvidia’s (NASDAQ: NVDA) market cap could rise or fall by $355 billion based on earnings. Nvidia’s current market cap is $5.3 trillion. The stock is up 18% so far this year, compared to the S&P 500, which is up 7%. Nvidia has signaled to Wall St. what investors should ... Nvidia Earnings Don’t Matter This Time

Higher Prices Could Slow the AI Building Boom
The Wall Street Journal85d agoneutral
Higher Prices Could Slow the AI Building Boom

AI’s big bucks go mostly toward computing gear like chips and servers in data centers. Should that trend persist, it could come to bite suppliers including chip giant Nvidia which reports quarterly results after the bell today. Nvidia can insulate itself from cost inflation by expanding offerings that don’t require as much in-demand memory, by passing on higher prices to customers and by inking longer-term deals with its own suppliers at lower prices.

CEOs Are Getting Ruthless About Worker Performance
Bloomberg85d agoneutral
CEOs Are Getting Ruthless About Worker Performance

(Bloomberg) -- The way Unilever Plc Chief Executive Officer Fernando Fernandez starts every meeting at the consumer products maker says a lot about the mindset of corporate bosses who fear their companies have lost their edge.Most Read from BloombergUS Lawmakers Plan New $130 Fee for Electric Vehicle OwnersNATO Is Starting to Consider Hormuz Mission to Protect ShipsHasbro Cancels Dungeons & Dragons Game From ‘Star Wars’ VeteranUS 30-Year Yield Hits Highest Since 2007 as Selloff DeepensTrump Thre

X-Energy Is in a Post-IPO Slump. Why Analysts Say the Nuclear Stock Can Surge.
Barrons.com86d agoneutral
X-Energy Is in a Post-IPO Slump. Why Analysts Say the Nuclear Stock Can Surge.

Nuclear reactor developer X-Energy’s stock has been in a lull since the company’s highly successful initial public offering last month, but investors should focus on the long-term potential rather than day-to-day trading, analysts say. A host of investment banks initiated coverage of X-Energy on Tuesday as the quiet period on firms involved in its IPO lifted. As is often the case with IPO underwriters, most opinions were positive.

Nvidia's outlook will be a test of its strategy to maintain AI dominance
Reuters86d agoneutral
Nvidia's outlook will be a test of its strategy to maintain AI dominance

Nvidia is expected to deliver another blockbuster earnings report on Wednesday, but a shift in how artificial intelligence is used is raising doubts on how long its dominance in AI chips ‌can last. After years of near-monopoly in chips used to train AI systems, Nvidia is facing competition from tech giants building their ‌own chips to capture demand that is shifting toward processors that run AI systems, respond to queries and carry out tasks in real time. This so-called inference market is ​much larger, but also more contested.