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The "quantum frenzy" in the US stock market continues, with "quantum NVIDIA" RGTI skyrocketing by 36% and then rising another 10.62%!
After a 36% surge on Thursday, Rigetti Computing, NVIDIA in the quantum computing space, closed up 10.62% on Friday, bringing its year-to-date increase to nearly 1600%. Analysts state that this exciting rise highlights the market's confidence in quantum computing as a transformative power across industries, with experts predicting further expansion in its potential for efficiently solving complex problems and computational capabilities in the future.
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Is there still a Santa Claus rally? Understand in one article why the US stock market suddenly dropped on Friday.
Large Technology stocks are leading the decline, with Tesla once dropping over 6%, and the sell-off in QITABANKUAI is also accelerating. Aside from technical factors like profit-taking, the 10-year US Treasury yield is hovering at a seven-month high, intensifying the downward pressure on the stock market. Goldman Sachs states that by the end of the year, USA pensions will sell $21 billion in US stocks, and CTAs will sell an additional $4 billion, resulting in significant selling pressure.
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