Quantum computers already exist, but the race to make them reliably useful for demanding commercial applications has a more specific deadline: 2029, according to Quantinuum CEO Rajeeb Hazra. Speaking with CNBC on October 21st, Hazra said a breakthrough in quantum error correction strengthens the company’s confidence in delivering Apollo, its planned universal fault-tolerant computer, that
South Korea’s Elice Group plunged 32% in its market debut, renewing concerns about AI valuations and infrastructure spending. Oil prices retreated from five-month highs as traders weighed Middle East tensions and diplomatic efforts. General Motors shares fell despite better-than-expected quarterly results, while GE Aerospace raised its 2026 profit forecast on strong demand for engine repairs
US stocks ended higher on Tuesday as stronger corporate earnings and a pullback in oil prices supported the Dow Jones Industrial Average, while concerns about artificial intelligence spending weighed on technology shares. The Dow rose 1.05%, gaining 548 points to close at 52,513.98. The S&P 500 added 0.31% to 7,714.52, while the Nasdaq Composite slipped
SoFi Technologies stock has come under significant pressure this year, underperforming the broader market despite the company reporting strong financial results. The stock fell to $14.70 on Tuesday, its lowest level since June last year and 55% below its 2025 peak. Consequently, its market capitalization has plunged from $39.1 billion to $18.9 billion. Worse, the
Netflix shares NFLX fell around 4% in after-hours trading on Tuesday after the streaming company reported third-quarter earnings that exceeded analysts’ expectations but forecast slower revenue growth for the fourth consecutive quarter. The company reported revenue of $12.9 billion for the quarter, up 12% from a year earlier and in line with Wall Street expectations.
SpaceX stock SPCX rose 2.2% in after-hours trading on Tuesday after Elon Musk’s aerospace and artificial intelligence company reported a 161% increase in third-quarter revenue, beating analysts’ estimates on growth in its AI and satellite-internet businesses. Revenue reached $14.58 billion in the three months ended September 30, compared with analysts’ expectations of $12.72 billion, according
Tesla (TSLA) stock has recovered rather significantly in recent months, but the derivatives market believes that momentum will only accelerate after the company reports earnings on October 21st. Consensus estimates for the EV maker’s profit and revenue currently sit at $0.44 a share and $28.3 billion, respectively – indicating a 12% and less than 1%
Strategy (MSTR) stock has traded within a narrow range over the past few days as Bitcoin’s rally has lost momentum. The stock was trading at $142.70, down from its September high of $170. However, this period of consolidation could be the calm before the storm, especially after JPMorgan issued a bold prediction about Bitcoin’s future
Kospi Index jumped by over 4% on Wednesday as companies in the memory industry bounced back. It rose to 5,772 points, up modestly from this week’s low of 5,465, mirroring what happened in the United States where the Dow Jones, Nasdaq 100, and S&P 500 soared. Samsung Electronics and SK Hynix soar as Ken Griffin
Oracle announced a healthcare artificial intelligence collaboration with AstraZeneca on Tuesday, expanding its ambitions beyond data centres as investors scrutinise the cost of its cloud infrastructure expansion. The companies plan to explore technology that helps clinicians identify patients for clinical trials, improve treatment pathways and connect medical research with routine care. The agreement carries no