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Rigetti Computing Hit with Sell Rating Ahead of 108-Qubit System Launch
Rigetti Computing shares fell 1.5% after Wall Street Zen downgraded the stock to sell, even as the company launched its 108-qubit system on Amazon Braket and reported a $216.2 million net loss on $7.1 million revenue.
Blackstone, Related Digital Secure $16B for Oracle AI Data Center
Blackstone and Related Digital have secured $16 billion in financing for Oracle's AI data center in Michigan, but the project faces local and regulatory pushback over power, water, and transparency concerns.
AeroVironment's LOCUST Laser Test Drives Counter-Drone Narrative
AeroVironment's LOCUST laser system shot down multiple drones during a U.S. Navy test on the USS George H.W. Bush. Shares fell 2.8% to $196.28.
Circle Internet Group Faces Legal Heat Ahead of Q1 Earnings
Circle Internet Group shares trade near $100 as investors await Q1 earnings on May 11, amid a class-action lawsuit over the Drift Protocol hack and questions about USDC's growth and compliance.
Vistra Shares Surge 4.8% as Focus Shifts to AI-Led Power Demand Ahead of Earnings
Vistra Corp. shares rose 4.8% to $164.35 Friday, outperforming utility peers ahead of Q1 results on May 7. The company guides 2026 EBITDA of $6.8-$7.6 billion, with AI power demand a key driver.
FTC Second Request Pauses IonQ's $1.8B SkyWater Acquisition
IonQ's $1.8B acquisition of SkyWater Technology hit an FTC second request, pausing the merger timeline. Shares closed at $42.69, down 2.19%.
BMW's China Challenge Intensifies with Neue Klasse EV Debut at Auto Beijing
BMW showcases new China-specific electric models at Auto China 2026, but faces a 10% Q1 sales decline and intensifying rivalry from domestic brands like Geely and Nio.
D-Wave Shares Dip Ahead of Q1 Earnings as Market Seeks Revenue Proof
D-Wave Quantum shares slid 4.3% to $18.49 ahead of its Q1 earnings report on May 12, as investors seek evidence that its record bookings can translate into sustainable revenue.
Horizon Quantum Faces Supply Test After 53M-Share Resale Filing
Horizon Quantum Holdings filed to register the resale of nearly 53 million shares, representing 91.9% of outstanding stock, just weeks after its Nasdaq debut.
Xanadu Stock Surges 7% on 294M Share Resale Filing
Xanadu Quantum Technologies shares climbed 7.28% to $30.95 following a registration statement for up to 293.7 million Class B shares. The filing does not represent new capital for the company.
BofA Leads $16B Oracle Data Center Financing in Michigan
Bank of America led a $16 billion financing for an Oracle data center in Michigan, selling $14 billion in bonds as Wall Street deepens its AI infrastructure push.