Articles by Sarah Chen
Meta Slashes 8,000 Roles, Boosts AI Spend as Zuckerberg Charts New Course
Meta Platforms cuts 8,000 jobs and shifts thousands to AI roles, raising 2026 capital spending to $125-$145 billion. CEO Zuckerberg says no more company-wide layoffs this year, though some employees remain wary.
GlobalFoundries Surges on $375M Quantum Deal and U.S. Stake
GlobalFoundries stock soared 15% after the U.S. Commerce Department unveiled a $375 million award and a 1% government stake in the chipmaker, part of a $2 billion federal quantum computing push.
Quantum Stocks Surge as US Government Commits $2 Billion in CHIPS Act Funding
Quantum computing stocks rallied sharply on Thursday after the U.S. Commerce Department unveiled $2 billion in preliminary CHIPS Act funding agreements, with D-Wave, Rigetti, and Infleqtion all surging over 30%.
IonQ Shares Surge 12% as Quantum Stocks Rally on $2B Federal Funding
IonQ shares rose 12.24% to $58.89 as quantum stocks rallied on $2.013B in federal incentives, though IonQ wasn't among direct awardees.
Infleqtion Stock Soars 31% on $100M Quantum Funding Proposal
Infleqtion shares jumped 31.5% to $15.99 after-hours following news of a proposed $100 million U.S. quantum-computing award. The rally is tied to federal backing but remains contingent on final approvals.
IBM Shares Surge on $1 Billion Quantum Chip Investment
IBM shares rose 12.4% after the U.S. Commerce Department proposed a $1 billion award for its new quantum-chip foundry, Anderon, signaling government support for quantum computing.
D-Wave Quantum Rises on $100M Government Funding Deal
D-Wave Quantum shares surged 33% after signing a $100 million funding letter of intent with the U.S. Commerce Department, which would receive an equity stake.
Rigetti Computing Surges on $100M US Quantum Funding Deal
Rigetti Computing shares jumped 30.57% on Thursday and continued rising pre-market Friday after the company signed a preliminary $100 million quantum computing deal with the U.S. government.
Nvidia Reports Record Revenue, Stock Dips as Market Eyes Future AI Demand
Nvidia shares slipped 1.77% to $219.51 despite record quarterly revenue of $81.6 billion and a $91 billion forecast, as investors weigh AI growth sustainability and competitive threats.
WhiteFiber Soars 22% on $160M AI Deal; Funding Test Looms in July
WhiteFiber shares surged 22% on a $160M AI compute deal for a Paris deployment. The contract uses NVIDIA GPUs, but execution and financing remain key hurdles ahead of a July service launch.
