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Shares of Solstice Advanced Materials soared early Friday after the company called off a dramatic acquisition that would have turned the company into even more of an AI play. In early July, Solstice announced a cash and stock deal to buy Element Solutions Element makes products used in semiconductor manufacturing. Together, the companies would supply three legs of the AI value chain: The chips, the data centers, and the power that makes everything work.

The newly public companies offer investors a choice between the hot space sector and the emerging quantum computing market.

Honeywell's aerospace spinoff will be added to the S&P 500 index next week, while IES Holdings, a data center electric power provider, is going into the Midcap S&P 400. Both stocks rallied. Honeywell Aerospace will be officially in the S&P 500 at the start of trading on Monday, S&P Dow Jones Indices announced late Tuesday.

AI data centers are sparking a battery storage gold rush, new trick could make Alzheimer’s drugs more effective, quantum IPO is here, and more news to start your day.

Quantinuum, the quantum computing company owned by industrial conglomerate Honeywell (HON), is seeing strong demand for its upcoming IPO, according to Bloomberg. The offering is reportedly oversubscribed by a double-digit multiple of the shares available ahead of its expected debut early next month. Quantinuum recently filed to sell 21.05 million Class A shares at an expected price of $45 to $50 each. At the high end, the IPO would raise about $1.05 billion and value the company at roughly $13 b