The Defiance Quantum Computing ETF (QTUM) has surpassed $5 billion in assets, coinciding with the US government's announcement of a historic $2 billion investment in quantum computing companies. This federal funding initiative includes major awards to IBM, GlobalFoundries, D-Wave Quantum, Rigetti Computing, and others, with the government taking minority equity stakes. QTUM offers direct exposure to these companies, reflecting growing investor and policy support for quantum technology. This milestone marks a significant shift from research to strategic investment in the quantum sector, signaling strong future growth potential.
IBM's business model remains strong despite a 7% decline in mainframe infrastructure revenue, supported by loyal legacy customers and solid free cash flow. Software growth, especially an 11% increase in Red Hat revenue, helps offset mainframe challen...
Energy prices cooled in June, easing inflation pressures despite ongoing tensions between the U.S. and Iran near the Strait of Hormuz. Morgan Stanley reported record quarterly revenue and profit, boosted by a surge in equities trading fueled by the A...
IBM reported earnings and revenue below expectations due to enterprises reducing spending on traditional IT systems to invest in their own AI infrastructure. This shift indicates companies prefer developing on-premises AI solutions with cheaper open-...
US stock futures rose after a softer-than-expected Consumer Price Index (CPI) report reduced the chances of a Federal Reserve rate hike in July. The market now awaits today's Producer Price Index (PPI) data, which could either confirm easing inflatio...
IBM introduced Power Autonomous Operations, an AI agent that autonomously monitors and resolves issues in Power systems up to 15 times faster than manual methods, enhancing system uptime and efficiency. Alongside, IBM launched the Power S1112, a comp...
