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At close: December 3 at 9:00:56 AM GMT+1

Quantum computing stocks rebound after massive sell-off as industry exec says opportunity is 'real'

Quantum computing stocks rebounded Tuesday after a massive sell-off fueled by Big Tech CEOs expressing skepticism. The stocks recovered as D-Wave CEO Alan Barrett said quantum computing is "real."

Yahoo Finance 6 hours ago

NVDA

RGTI

RGTIW
Quantum computing applications are 'real today': D-Wave CEO

It's been a tumultuous week for quantum computing companies, to say the least, with several stocks in the landscape — Quantum Computing (QUBT), D-Wave Quantum (QBTS), Rigetti Computing (RGTI), IonQ (IONQ) — selling off following comments made by Nvidia (NVDA) CEO Jensen Huang and Meta Platforms (META) CEO Mark Zuckerberg. Both tech executives share the sentiment that practical applications of quantum computing are years, if not decades, away from practical applications. Major quantum computing stocks are now soaring back to life in Tuesday's session. D-Wave Quantum CEO Alan Baratz sits down with the Morning Brief team to explain why quantum compute capabilities are "real today" and the company's investments in building out its infrastructure. "We have customers that are using our quantum computers today in support of their business operations, and we have demonstrated the ability to solve important problems in the area of material simulation on our quantum computers today in minutes," he tells Seana Smith and Brad Smith, "that it would take well over millions of years to solve on classical computers, including massively parallel GPU systems like what Nvidia builds." Catch up on Yahoo Finance's latest coverage of the quantum computing landscape: Quantum computing stocks fall following Zuckerberg commentsNvidia’s 'AI Godfather' forces a reset on the tech world’s next big bet: Morning BriefWhy Nvidia just crushed the quantum computing stock tradeQuantum computing stocks plunge after Nvidia CEO commentsRigetti, IonQ stocks plunge after Nvidia CEO says 'useful' quantum computing is decades awayWhy post-quantum security should be a top priority for DOD To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 11 hours ago

RGTI

RGTIW

QBTS
Eli Lilly misses 2024 revenue numbers, but GLP-1 pill may help

Global pharmaceutical company Eli Lilly's (LLY) preliminary 2024 revenue missed expectations on lower-than-expected sales of its weight loss and diabetes shots. According to the company, sales are expected to hit $45 billion, below analysts' estimated $45.5 billion. Jared Holz, Mizuho's healthcare equity strategist, joins Morning Brief to share his insights, suggesting the market may be overreacting. Regarding Eli Lilly’s position in the pipeline for its next blockbuster drug, Holz notes that "they don't really have an obvious patent situation" like other companies in the pharmaceutical sector. Holz also highlights that Eli Lilly's pipeline, especially in GLP-1 treatments, remains promising for long-term growth. "The GLP-1 class is the most important category by far, and they're going to have oral data for a pill, I think, sometime in the first half of this year [toward] the spring, summer timeframe," he explains. "That could serve as a big catalyst for the stock." To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Josh Lynch

Yahoo Finance Video 12 hours ago

LLY

PFE

MRNA
US restrictions on AI chips are a 'step in the wrong direction'

The Biden administration has announced new export restrictions on AI chips, triggering a sell-off in semiconductor stocks. In a blog post made earlier this week, Nvidia (NVDA) called President Biden's new export controls "misguided" as the outgoing administration attempts to limit semiconductor shipments to China. Moor Insights & Strategy Founder, CEO, and Chief Analyst Patrick Moorhead joins Morning Brief to discuss these regulations, calling them "unprecedented" and their impact on chipmakers as "pretty unclear" at this moment. Moorhead explains that the ruling applies to chips that are "purpose-built for AI or are designed for AI." He points out that this could affect gaming chips despite their primary intended use. "You're looking at 120 countries, many of them in the EU [European Union]... that now have limits on that," he states, explaining that a government agency will oversee enforcement. "I can't think of a worse thing for innovation and speed and revenue than having a traffic cop." He maintains this is the "wrong answer" for US national security concerns. "A lot of companies aren't going to have an issue because they have nothing to do with... AI clusters, but when you look at companies like Nvidia and AMD (AMD)... and even Intel (INTC), they're going to have to get very clinical on exactly how many chips that they can ship into a certain country," he explains, adding that even the EU has criticized the ruling as "a step in the wrong direction." To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Angel Smith

Yahoo Finance Video 12 hours ago

NVDA

AMD

MU
Intel to spin off venture capital arm as chipmaker tries to cut costs

Intel will spin off its venture capital unit as the troubled US chipmaker seeks to cut costs and faces more scrutiny over its investments in...

PREMIUM
Financial Times 4 hours ago

INTC
Nature's Miracle Holding Inc. Announces Receipt of Delisting Notification from Nasdaq

Nature's Miracle Holding Inc. (NASDAQ: NMHI) ("Nature's Miracle" or the "Company"), a leader in vertical farming technology and infrastructure, today announced that on January 13, 2025, the Company received written notice (the "Notice") from The Nasdaq Stock Market LLC ("Nasdaq") indicating that the Nasdaq Hearings Panel has determined to delist the Company's common stock and warrants from Nasdaq due to the Company's failure to comply with minimum shareholder's equity requirement under Nasdaq Li

PR Newswire 5 hours ago

NMHI

NMHIW
Intel to Turn Venture Arm Into Separate Firm With New Name

(Bloomberg) -- Intel Corp., the once-dominant chipmaker struggling to revive its business and finances, plans to turn its venture capital arm into a separate fund with a new name. Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC, Some Call for More RegulationsA Blueprint for Better Bike LanesThe chipmaker will continue to be an “anchor investor in the new company,” according to a statement Tuesday. The division, currently known as Intel Cap

Bloomberg 5 hours ago

INTC
Wall Street Traders Hold Their Breath Before CPI: Markets Wrap

(Bloomberg) -- Stocks bounced around all day long, with traders unwilling to make any significant bets as they awaited key inflation data for clues on the path of Federal Reserve rates.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC, Some Call for More RegulationsA Blueprint for Better Bike LanesAfter several twists and turns in the run-up to the consumer price index, the S&P 500 finished 0.1% higher. While most of its shares advanced, big

Bloomberg 5 hours ago

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^DJI

LLY
S&P 500 Gains and Losses Today: Eli Lilly Stock Falls as Sales Outlook Weakens

The S&P 500 added 0.1% on Tuesday, Jan. 14, as tame wholesale inflation data provided a positive signal ahead of Wednesday's consumer price report.

Investopedia 5 hours ago

^GSPC

LLY

URI
Intel to spin off its venture capital arm

Intel, which will remain an anchor investor, said the standalone operations are expected to begin in the second half of 2025 and will have a new name. The existing Intel Capital team will move to the new company. Intel Capital's separation is a "win-win scenario as it provides the fund with access to new sources of capital to expand its franchise while allowing both companies to continue benefiting from a productive long-term strategic partnership," said David Zinsner, Intel's interim co-chief executive officer and CFO.

Reuters 5 hours ago

INTC
Hegseth Wants to Reform Defense Contracting. The Winners and Losers.

Watch the confirmation hearing for Pete Hegseth, President-elect Donald Trump’s pick to lead the Department of Defense, before the Senate Committee on Armed Services. Defense Secretary nominee Pete Hegseth wants to change the way the Pentagon awards contracts, which would have an impact on a host of companies—from munitions providers to aircraft makers. Hegseth headed to Capitol Hill on Tuesday for his confirmation hearing He mentioned the contracting process in written testimony that he intended to give before the Senate Armed Services Committee.

Barrons.com 6 hours ago

KTOS

AVAV
Intel Capital to Become Standalone Investment Fund

SANTA CLARA, Calif., January 14, 2025--Intel Corporation plans to separate Intel Capital, its global venture capital arm, into a standalone fund.

Business Wire 6 hours ago

INTC
S&P 500 Stock Pauses Share Repurchase Plan After $4.8 Billion Acquisition

United Rentals announced early Tuesday it has agreed to acquire H&E Equipment Services for $4.8 billion.

Investor's Business Daily 6 hours ago

HEES

URI
Applied Digital Reports Fiscal Second Quarter 2025 Results

DALLAS, Jan. 14, 2025 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for high-performance computing (“HPC”) applications, cloud services (“Cloud Services”), and data center hosting (“Data Center Hosting”), reported financial results for the fiscal second quarter ended November 30, 2024. The Company also provided an operational update. Fiscal Second Quarter 20

GlobeNewswire 6 hours ago

APLD
AI-Fueled Energy Stock Has This Edge Over The Nvidias Of The World

While Nvidia loses support in a risky late-stage base, Baker Hughes stock taps strong growth and AI to drill toward a breakout.

Investor's Business Daily 6 hours ago

AVGO

DTM

NVDA
Jim Cramer on Novo Nordisk A/S (NVO): ‘That’s Denmark’s Jugular’

We recently published an article titled Jim Cramer Discussed These 21 Stocks As Bond Yields Soared. In this article, we are going to take a look at where Novo Nordisk A/S (NYSE:NVO) stands against the other stocks Jim Cramer recently discussed. In a recent episode of CNBC’s Squawk On The Street, Jim Cramer started out by […]

Insider Monkey 7 hours ago

NVO
Eli Lilly’s Zepbound and Mounjaro Sales Missed Estimates Again. The Wobble’s Looking Serious.

Eli Lilly can’t seem to recover from its GLP-1 stumble. Once again, the drugmaker reported sales of its blockbuster GLP-1 medicines Zepbound and Mounjaro that missed Wall Street estimates. It was the second consecutive miss for the two closely watched obesity and Type 2 diabetes drugs, and Lilly shares were down 7.3% Tuesday morning.

Barrons.com 7 hours ago

LLY
JNJ, GSK, LLY Announce M&A Deals at JP Morgan Conference

J&J announces a big deal to acquire neuroscience company ITCI for $14.6 billion, while Lilly and GSK announce smaller deals.

Zacks 8 hours ago

LLY

ITCI
IBN Coverage: D-Wave Quantum (NYSE: QBTS) Refutes NVIDIA CEO's Quantum Computing Comments on CNBC

This article was published by IBN, a multifaceted communications organization engaged in connecting public companies to the investment community. LOS ANGELES - January 14, 2025 (NEWMEDIAWIRE) - D-Wave Quantum Inc. (NYSE: QBTS) ("D-Wave"), a leader in...

NewMediaWire 8 hours ago

QBTS

QBTS-WS
Quantum-Computing Stocks Take Off on Fresh Chorus of Support

There are plenty of doubts about the near-term prospects of quantum computing, but on Tuesday, the sector was powering ahead.

Barrons.com 8 hours ago

RGTIW

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Related News

Quantum computing stocks rebound after massive sell-off as industry exec says opportunity is 'real'

Quantum computing applications are 'real today': D-Wave CEO

Eli Lilly misses 2024 revenue numbers, but GLP-1 pill may help

US restrictions on AI chips are a 'step in the wrong direction'

Intel to spin off venture capital arm as chipmaker tries to cut costs

Nature's Miracle Holding Inc. Announces Receipt of Delisting Notification from Nasdaq

Intel to Turn Venture Arm Into Separate Firm With New Name

Wall Street Traders Hold Their Breath Before CPI: Markets Wrap

S&P 500 Gains and Losses Today: Eli Lilly Stock Falls as Sales Outlook Weakens

Intel to spin off its venture capital arm

Hegseth Wants to Reform Defense Contracting. The Winners and Losers.

Intel Capital to Become Standalone Investment Fund

S&P 500 Stock Pauses Share Repurchase Plan After $4.8 Billion Acquisition

Applied Digital Reports Fiscal Second Quarter 2025 Results

AI-Fueled Energy Stock Has This Edge Over The Nvidias Of The World

Jim Cramer on Novo Nordisk A/S (NVO): ‘That’s Denmark’s Jugular’

Eli Lilly’s Zepbound and Mounjaro Sales Missed Estimates Again. The Wobble’s Looking Serious.

JNJ, GSK, LLY Announce M&A Deals at JP Morgan Conference

IBN Coverage: D-Wave Quantum (NYSE: QBTS) Refutes NVIDIA CEO's Quantum Computing Comments on CNBC

Quantum-Computing Stocks Take Off on Fresh Chorus of Support