US Politics & Business News
CXMT, the Chinese memory-chip producer and direct rival to Micron Technology (MU), released its first financial results as a publicly traded company on Friday. The debut earnings report revealed that CXMT is benefiting significantly from the global surge in artificial intelligence services that has driven memory-chip prices higher. The rise of AI-powered applications has created…
Rigetti Computing’s (RGTI) robust cash position has become one of its most significant competitive advantages as the quantum computing race intensifies across the sector. The company exited the second quarter of 2026 with $541.3 million in cash, cash equivalents and available-for-sale investments while carrying absolutely no debt on its books. This financial flexibility gives Rigetti…
Marvell Technology shares fell 6% to $235.20 in Friday morning trading, pulling back sharply after the company disclosed an expanded custom chip agreement with Alphabet’s Google. The stock’s drop came despite a 196% year-to-date advance through Thursday’s close, highlighting how quickly investor sentiment can shift on dilution concerns. The broader SOXX semiconductor ETF slipped only…
U.S. District Judge Rita Lin ruled Thursday that the Trump administration illegally blacklisted AI company Anthropic, finding the government’s actions unconstitutional and without legal basis. The ruling, spanning 59 pages, determined the Pentagon’s decision to designate Anthropic as a supply chain risk was both unlawful and retaliatory in nature. “Though the Department of War is…
IonQ (IONQ) shares plunged 42.9% between late May and late August 2026, falling from $70.14 to $40.03 while the S&P 500 gained 1.5% over the same period. The decline was not driven by weak quarterly results, as IonQ actually posted the strongest quarter in its history during the same window. Second-quarter revenue reached $80.1 million,…
Salesforce (CRM) shares rocketed 20% after the company reported earnings that sent a powerful signal across the broader software industry. The results demonstrated that artificial intelligence is not cannibalizing traditional software businesses, easing a fear that has weighed heavily on the sector for months. Investors had grown increasingly anxious that the rise of generative AI…
Marvell Technology (MRVL) shares fell 1.5% in extended trading Thursday despite the semiconductor company delivering second-quarter results and guidance that topped Wall Street expectations. The company posted record fiscal second-quarter revenue of $2.739 billion, up 13% from the prior quarter and 37% compared to the same period a year earlier. Non-GAAP earnings per share came…
Quantum Computing Inc. (QUBT) has attracted fresh analyst attention, with one price target set at $32 even as serious questions surround the company’s fundamentals. The stock gained 3.59% in recent trading, part of a broader rally across quantum-related names that also lifted peers including D-Wave Quantum (QBTS), which rose 2.23%. IonQ (IONQ) led the sector…
Academic research suggests that stocks difficult to sell short are frequently mispriced and set up for long-term losses regardless of broader market conditions. A study titled “The Dynamics of Disagreement” forms the backbone of the analysis, drawing on research from scholars at three major institutions. Kent Daniel of Columbia Business School, a former co-chief investment…
The Federal Reserve Bank of Kansas City’s annual symposium in Jackson Hole, Wyoming draws global economic leaders and policymakers every year to discuss monetary policy. Bank of America has labeled the conference a “key risk event” for financial markets, a designation that reflects the outsized influence the event can carry. Historical analysis shows the S&P…