Wall Street is closely watching the "new darling" of investments, quantum computing stocks, which have risen by as much as 1800% this year!
Quantum computing stocks have become a hot topic of discussion, including Google's "incredible" quantum computing chip. The field of quantum computing has had several major updates that have attracted the attention of Wall Street Analysts. The stock prices of quantum computing-related companies have been soaring this year. From the beginning of the year to now, Quantum Computing (QUBT.US) has surged over 1500%, Rigetti Computing (RGTI.US) has risen over 650%, and D-Wave Quantum (QBTS.US) has increased by over 6.
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U.S. stock market close | The three major Indexes had mixed results, with the Dow ending a 10-day losing streak; Quantum Computing concept stocks corrected, with QUBT and Quantum down about 40%; FedEx surged more than 13% after hours.
① The Dow Jones slightly increased, while the S&P 500 Index and Nasdaq slightly decreased; ② Micron Technology dropped over 16%; ③ Nike rose more than 10% in Post-Market Trading.
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U.S. stock market open | The three major Indexes rebounded slightly; Growth Tech stocks generally rose, with NVIDIA climbing over 2%, and Accenture increasing nearly 7% after earnings.
The Federal Reserve lowered interest rates as expected but simultaneously showed a hawkish stance, causing the Dow Jones Industrial Average to plunge over 1,100 points overnight. The market's initial reaction to the Federal Reserve's policy may be overinterpreted, and the strong performance of the USA economy could drive the stock market further up.
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With Alphabet releasing the next-generation Willow quantum computing chip, the field of quantum computing instantly became the focus of the investment market.
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U.S. stock market in the early session | Global focuses on the Federal Reserve's interest rate decision! The three major indices rose slightly, with NVIDIA up nearly 4%; some quantum Concept stocks continued to rise, with QUBT up nearly 24%.
On the evening of October 18th, Peking time, the market is focused on the Federal Reserve's policy decision and Chairman Powell's speech, expecting the Fed to lower interest rates by 25 basis points.
The USA quantum computing stock closed up over 50%, and rose more than 13% in after-hours trading! The company received a NASA contract to address phase expansion issues.
① The U.S. stock quantum computing company (QUBT) surged again on Tuesday, rising 65% the previous day; ② The company announced that it will use its entropy quantum computer Dirac-3 to solve phase unwrapping problems for NASA; ③ Dirac-3 is based on quantum optics and photonics technology, capable of handling up to 949 variables, making it suitable for solving discrete optimization problems involving extensive search and computation.
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After Google announced the launch of the significant quantum chip Willow last week, Stocks related to quantum computing have received a lot of attention recently.
Futu Morning Report | Focus on tonight's CPI report! It may become a key factor affecting next week's interest rate decision; Google surged more than 5%! Its quantum chip drove all Concept stocks to soar, with RGTI rising over 45%.
How much computing power does the agent need? Barclays: over 70% of total computing demand, with expenditures amounting to 300 billion; stock prices surged nearly 18%! Reports suggest that USA pharmacy giant Walgreens is in talks with private equity firms for a sale; Bitcoin briefly fell below 95,000 USD! Microsoft Shareholders voted against the Bitcoin investment proposal, stating that returns cannot be guaranteed.
The Google Willow quantum chip has been launched with great impact! Which U.S. stocks are likely to take off as a result?
IonQ predicts that by 2030, the market size for quantum computing will grow to $65 billion, and by 2040 it will rise to $850 billion.
Google announces progress in quantum computing: surpassing supercomputers with 10 to the power of 25 calculations in under five minutes.
① Google claims that its quantum chip Willow can significantly reduce errors and address the key challenges of quantum error correction; ② Willow completed a 'standard benchmark computation' in less than five minutes; ③ the fastest supercomputers today would still take '10 to the 25th power' years to achieve the same.