Quantum computing stocks are rising quickly, but investors will need to be strapped in for a long ride. Market reaction has been fierce in the wake of Google-parent Alphabet Dec. 9 announcement of its new Willow quantum computing chip. Alphabet shares are up 7% since the reveal, but more of the price action has been focused on three much smaller companies with a combined market capitalization of under $8 billion, Quantum Computing Rigetti Computing and D-Wave Quantum which are up by an average of 159%.
WASHINGTON (Reuters) -Two directors of Epic Games who had been appointed by Chinese gaming and social media firm Tencent Holdings resigned from the board of the Fortnite video game maker after the U.S. Justice Department's antitrust division expressed concerns, the department said on Wednesday. The Justice Department had been concerned that the two directors' membership on the boards of both Epic and Tencent violated U.S. law. Tencent owns a minority interest in Epic Games.
(Bloomberg) -- As the smoke clears after the worst S&P 500 reaction to a Federal Reserve meeting in years, charts of equity options markets show a sudden shift in sentiment and positioning as the equity benchmark fell almost 3%.Most Read from BloombergNYPD Car Chases Are Becoming More Frequent — and More DangerousStocks sold off sharply late in the session after Fed Chair Jerome Powell indicated that the central bank will likely put further reductions on hold while inflation stays above its 2% t
Although the revenue and EPS for Lennar (LEN) give a sense of how its business performed in the quarter ended November 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
(Bloomberg) -- Heavy selling in US stocks and bonds spread to Asia Thursday after the Federal Reserve trimmed expectations for rate cuts next year.Most Read from BloombergNYPD Car Chases Are Becoming More Frequent — and More DangerousAustralian shares dropped almost 2% in early trading Thursday, and futures for Japan and Hong Kong pointed to lower opens after the S&P 500 suffered its worst day since August and biggest loss the day of a Fed decision since 2001. The tech-heavy Nasdaq 100 dropped 3
(Bloomberg) -- The EU’s European Commission has pressed Apple Inc. to further open up the iPhone operating system to rivals, prompting the company to complain about requests from Meta Platforms Inc. that it says will undermine privacy. Most Read from BloombergNYPD Car Chases Are Becoming More Frequent — and More DangerousThe commission instructed Apple on Wednesday to rework the iOS operating system so that it’s more compatible with smartwatches, earbuds, headsets and other devices from competit
Internal Qualcomm documents showed the chip firm estimated it could eventually save as much as $1.4 billion a year on payments to Arm by purchasing a little-known startup in 2021, according to evidence shown at a trial on Wednesday. The projection surfaced while Qualcomm CEO Cristiano Amon was testifying to a jury in Delaware federal court about his firm's rationale for purchasing Nuvia for $1.4 billion in 2021. The chip firm's CEO was testifying as part of a trial to resolve claims that Arm can force Qualcomm to destroy the technology it acquired because Arm never consented to the transfer of Nuvia's license agreements.
Steel Dynamics (STLD) concluded the recent trading session at $116.76, signifying a -1.53% move from its prior day's close.
In the latest trading session, Dow Inc. (DOW) closed at $40.15, marking a -1.04% move from the previous day.
United States-China semiconductor tensions are escalating as the US considers banning Chinese-made routers present in millions of American homes. Rhodium Group director Reva Goujon joins Market Domination to discuss the growing divide. Goujon highlights recent policy initiatives like the Routers Act and the US Commerce Department's ICTS (Information and Communications Technology and Services) controls, which aim to remove Chinese components from infrastructure due to increased data and cybersecurity concerns. She notes that companies like TP-Link have become deeply embedded in US infrastructure, making this a complex challenge. "What the US is doing is it's saying that 'look, there's a number of toolmakers out there that still want to feed into the Chinese chip market,'" Goujon explains. She describes a new "single chip de minimis" provision that would extend US restrictions to any factory worldwide using even one US chip. "So the US is basically telling partners 'do the right thing, align with us or else you're going to be subject to US law and compliance.'" However, Goujon cautions that the immediate impact may be limited: "The issue is that China has been able to stockpile an enormous amount of equipment, especially over the past one and a half years... and so it may take a while to even see the effects of export controls biting." To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Angel Smith