Quantum computing stocks, including IonQ, Rigetti, and D-Wave, fell sharply due to rising odds of a Federal Reserve rate hike next week. IonQ led the decline with a 4% drop, followed by smaller declines in Rigetti and D-Wave. The sell-off is driven by higher interest rate expectations, which increase discount rates on long-term valuations, particularly hurting pre-revenue growth companies like these. Investors will watch the Fed meeting closely, as further rate increases could keep pressure on these high-beta, speculative stocks despite company progress.
Six AI-related stocks in cloud infrastructure, memory, connectivity, and quantum sectors are poised for significant gains beyond Wall Street expectations in 2027. Companies like CoreWeave, Nebius Group, Micron, IonQ, Rigetti Computing, and Astera Lab...
Nvidia CEO Jensen Huang announced that artificial general intelligence has arrived with the release of OpenAI's GPT-6 Astra, highlighting rapid AI model advancements and the growing revenue potential of Nvidia's computing infrastructure. Intel receiv...
The US Commerce Department took minority equity stakes in quantum computing firms Rigetti and D-Wave as part of $100 million CHIPS Act funding awards to accelerate their quantum research. Rigetti's shares rose 6% and D-Wave's climbed 5%, reflecting i...
XTEND AI Robotics began trading on the NYSE on September 4 after merging with JFB Construction Holdings, marking a new chapter as a public company. Stoke Space is advancing its Nova Pathfinder and Nova Block 2 launch vehicles, aiming for a 2027 orbit...
