Articles by Sarah Chen
Infleqtion Shares Jump After $100M Quantum Funding Signal
Infleqtion shares rose 11.2% Friday after the U.S. Commerce Department signaled $100 million in quantum-computing incentives. The stock is up 31% since mid-May.
Nokia Stock Hits 52-Week High as AI Data-Center Demand Drives Rally
Nokia shares reached a 52-week high in Helsinki, driven by AI data-center demand and strong Q1 earnings. The stock's rally faces risks from competition and market uncertainties.
D-Wave Quantum Shares Surge 44.5% After $100 Million CHIPS Act Nod
D-Wave Quantum shares jumped 44.5% last week after the Commerce Department proposed $100 million in CHIPS Act funding. Q1 revenue fell to $2.9 million, but bookings surged nearly 2,000%.
Rigetti Computing Soars 48% on $100M Quantum Funding Deal with US Government
Rigetti Computing shares surged nearly 20% Friday to $26.42 after securing a $100 million funding letter of intent with the U.S. Commerce Department, capping a 48% weekly gain.
SoFi Acquires Peach Finance in Quiet Tech Platform Push
SoFi acquires Peach Finance to strengthen its technology platform. Shares closed at $15.62, nearly unchanged, as investors assess the deal's impact on B2B growth.
Accenture Stock Rebounds Amid AI Adoption Hurdles
Accenture shares closed at $179.24, up 6.17% for the week, but remain down 32.23% in 2026. AI-driven growth faces budget and adoption challenges.
Coherent Stock Nears $378; Key Test After Holiday
Coherent shares ended Friday at $377.57, down 0.1%, underperforming the broader market ahead of Memorial Day. The stock faces a key test Tuesday.
Intuit Cuts 3,000 Jobs, Shifts Focus to AI Amid TurboTax Competition
Intuit is cutting 3,000 jobs and closing offices in Reno and Woodland Hills as it restructures around AI. The company raised full-year revenue guidance but lowered its TurboTax outlook due to competition from cheaper AI tools.
AXT Shares Surge to All-Time High on AI Data Center Demand
AXT shares closed at a record $140.83 on Friday, gaining 16.37% for the day and 13.8% for the week, fueled by demand for indium phosphide in AI data centers.
Harmonic Inc. Surges 20% on Raised Forecast, Video Unit Sale Progress
Harmonic Inc. shares soared nearly 20% Friday to $15.20 after the company raised its 2026 broadband revenue outlook and reported strong Q1 results.
Hyliion Stock Surges 43% on Navy Sea-Trial News
Hyliion shares surged 43% on news that its KARNO generator will be tested on a Navy unmanned vessel, with volume hitting 20 million shares.
QTREX Quantum Surges 140% After Ticker Change Amid Partner Talks
QTREX Quantum shares surged 140% Friday after revealing joint technical evaluation talks with a leading quantum computing company. The stock closed at $0.7270.