D-Wave Quantum

Live Updates Live Coverage Has Ended CRWV in Focus 12:57 pm by Gerelyn Terzo Wall Street firm Bank of America is signaling a nuanced view on CoreWeave (Nasdaq: CRWV), suggesting its AI capital expenditure potential may be constrained. The analyst firm adjusted its rating on the shares, moving them from a “buy” to a “neutral” stance. Curiously, this downgrade came alongside a significant boost to its price target, more than doubling it from $76 to an impressive $185 per share. The markets are focused on the positive, with CoreWeave shares soaring by 5.3% today. The Nasdaq Composite is holding onto its gains and is up 1.5%. Goldman Favors Equities for This Reason 11:00 am by Gerelyn Terzo Goldman Sachs has reportedly thrown its weight behind the stock market’s TINA strategy – an acronym for “there is no alternative.” This theory suggests investors will inevitably gravitate towards equities simply because other traditional options aren’t compelling. It’s a strategy that famously played out following the 2008 financial crisis, when rock-bottom interest rates made bonds a distinctly unappealing choice. The Nasdaq Composite continues to lead the markets higher with a 1.5% advance. Stock Market Winners & Losers 10:09 am by Gerelyn Terzo Chip stock Advanced Micro Devices (Nasdaq: AMD) is gaining 6% this morning. Chipotle Mexican Grill (NYSE: CMG) is up 4.4%. Halliburton (NYSE: HAL) is falling 2.3% alongside a declining oil price. ConocoPhillips (NYSE: COP) is similarly down 2%. This article will be updated throughout the day, so check back often for more daily updates. The markets are seeing the glass half full today and are higher across the board amid expectations that the Middle East unrest won’t escalate further. This expectation has caused the price of WTI oil to pull back after rallying on Friday, though it continues to hover above the $71 per barrel level. All three of the stock market averages are gaining ground, including a 0.79% advance in the Nasdaq Composite. All sectors of the economy are seeing green, led by a 1.1% gain in technology. Each of the Magnificent Seven stocks is seeing green today, led by a 2% jump in Meta Platforms (Nasdaq: META), which has plans to introduce ads to its WhatsApp platform. This week, all eyes are on the Federal Reserve ahead of the FOMC’s two-day meeting on the near-term fate of interest rates. President Trump has been pressuring Fed Chairman Jerome Powell to pull the trigger on lower rates, and cooling inflation data could sway policymakers to do just that. Nevertheless, Wells Fargo economists predict the Fed will leave rates unchanged amid what they described as a “holding pattern.” Here’s a look at the performance as of morning trading: Dow Jones Industrial Average: Up 239.00 (+0.56%) Nasdaq Composite: Up 171.75 (+0.79%) S&P 500: Up 37.00 (+0.61%) Market Movers Quantum computing stocks remain in focus after the recent endorsement by Nvidia CEO Jensen Huang. Most recently, Roth Capital has lifted its price target on D-Wave Quantum (Nasdaq: QBTS) by $6 to $18 per share, keeping its “buy” rating on the stock, citing greater revenue potential. QBTS is nearing its all-time high share price of over $19 per share. U.S. Steel is up 5% today after President Trump officially greenlighted its blockbuster $14.9 billion merger with Nippon Steel. The post Live Nasdaq Composite: Markets Hopeful Amid Deescalating Mideast Tensions appeared first on 24/7 Wall St..» Mehr auf 247wallst.com

Live Updates Live Coverage Has Ended AMD Rally 2:47 pm by Gerelyn Terzo Today’s rally in Advanced Micro Devices (Nasdaq: AMD) shares comes amid a bullish report out of Wall Street. Piper Sandler has lifted its price target on AMD stock to $140 per share, reflecting 11% upside potential from current levels. The analyst firm has an “overweight” rating on the stock. The SPY ETF is now up 0.86%. Mixed Messages on CRWV 12:05 pm by Gerelyn Terzo Bank of America believes CoreWeave’s (Nasdaq: CRWV) AI capex potential is limited and is sending mixed messages on the stock. The analyst firm downgraded shares from “buy” to a “neutral” rating but more than doubled the price target to $185 per share from a previous $76 target. CoreWeave shares are rallying 5.3%. c The SPY ETF is now up 1%. Goldman Sachs Touts TINA Strategy 10:30 am by Gerelyn Terzo Wall Street firm Goldman Sachs has reportedly published a note touting the stock market’s TINA strategy – translating to “there is no alternative.” This approach suggests that investors will flock to equities for a lack of a better option, a theory that unfolded in the wake of the 2008 financial crisis amid a low interest rate environment that made bonds unattractive. The SPY is currently up 1.1%. This article will be updated throughout the day, so check back often for more daily updates. The markets are feeling optimistic today, trading higher across the board on hopes that Middle East tensions won’t intensify. This calmer outlook has prompted WTI crude oil prices to retreat after Friday’s rally, though crude continues to hover above the $71 per barrel mark. The SPDR S&P 500 ETF is tacking on 1.1% to start the week. All three major stock averages are climbing, with the Nasdaq Composite leading the charge, up 1.5%. Every sector of the economy is in positive territory, sparked by a 1.1% advance in technology. Even the Magnificent Seven stocks are seeing green today, spearheaded by a 2% jump in Meta Platforms (Nasdaq: META), which has plans to roll out advertisements on its WhatsApp platform. This week, all attention turns to the Federal Reserve as the FOMC prepares for its two-day meeting to decide the near-term trajectory of interest rates. President Trump has openly urged Fed Chairman Jerome Powell to initiate rate cuts, and recent cooling inflation data could indeed sway policymakers. Despite this, economists at Wells Fargo anticipate the Fed will maintain current rates, describing the situation as a “holding pattern.” Here’s a look at the performance as of morning trading: Dow Jones Industrial Average: Up 481.67 (+1.16%) Nasdaq Composite: Up 290.53 (+1.5%) S&P 500: Up 69.33 (+1.1%) Market Movers Quantum computing stocks are holding the spotlight, energized by the recent endorsement from Nvidia CEO Jensen Huang. The latest development sees Roth Capital raising its price target on D-Wave Quantum (Nasdaq: QBTS) by $6 to $18 per share, reiterating its “buy” rating. This optimistic outlook is fueled by greater revenue potential, pushing QBTS closer to its all-time high share price of over $19 per share. Separately, U.S. Steel is up 5% today after President Trump officially approved its substantial $14.9 billion merger with Nippon Steel. The post S&P 500 (NYSEARCA: SPY) Live: Markets Stage Comeback on Mideast Hopes appeared first on 24/7 Wall St..» Mehr auf 247wallst.com

Welcome to the Green Stock News brief for Tuesday June 17th. Here are today's top headlines: D-Wave Quantum (NYSE: QBTS) has signed a memorandum of understanding with Yonsei University to promote quantum computing adoption in South Korea.» Mehr auf youtube.com