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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.
Asian Markets Rally on US-Iran Talks, Nikkei Nears Record
Asian shares advanced Friday, with Japan's Nikkei jumping 2.8% toward a record high, fueled by hopes for US-Iran diplomacy, while oil remained near $105 and the yen stayed weak.
London Stocks Edge Higher Amid Mixed UK Economic Signals
FTSE 100 gained 0.37% in early trade, supported by BT, Compass, and 3i, while UK retail sales dropped 1.3% and public borrowing hit £24.3 billion.
Lloyds, SpaceX IPO, and Market Divergence Lead Today's Financial News
Lloyds Banking Group shares have risen 22% in the past year, showcasing strong dividend power. SpaceX files for a landmark IPO, while market divergence highlights tech optimism versus inflation concerns.
Dow Closes at Record High Amid Late-Session Tech Buying
The Dow closed at a record 50,285.66, rising 0.55%, with the S&P 500 and Nasdaq also higher. Nvidia slipped despite record revenue, as oil and inflation concerns linger before the holiday weekend.
OpenAI Nears Public Debut, IPO Filing Imminent
OpenAI is set to confidentially file for an IPO, aiming for a September listing. A recent court victory removes a major hurdle, boosting its private market value.
Estée Lauder Shares Jump After Merger Talks Collapse
Estée Lauder shares rose about 10% in extended trading after ending merger discussions with Spain's Puig, shifting focus to its standalone turnaround strategy.