🚀 Quantum Stocks Rising

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Market Overview
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Year To Date Performances:

1. Quantum computing stocks surged Thursday after The Wall Street Journal reported that the Trump administration is in talks to take equity stakes in companies like IonQ, Rigetti, and D-Wave in exchange for federal funding. The move mirrors earlier government investments in Intel and MP Materials, part of a broader strategy to secure control over critical technologies vital to national security and competition with China. IonQ and D-Wave shares jumped 9%, while Rigetti rose 7%, as investors bet on a wave of strategic funding expected to award at least $10 million per firm. The policy marks a notable shift toward interventionist industrial policy, with Washington seeking both technological leadership and financial returns from taxpayer-backed innovation.

2. Volvo Cars’ stock soared nearly 40% on Thursday, its biggest jump since going public, after the Swedish automaker reported a stronger-than-expected third-quarter profit. Operating income rose to 6.4 billion Swedish kronor ($680 million), beating forecasts and up from 5.8 billion a year earlier, with EBIT margins improving to 7.4%. The gains were driven by Volvo’s aggressive 18 billion kronor cost-cutting program and several one-off items. CEO Håkan Samuelsson said the company is ramping up electric vehicle sales ahead of its EX60 launch in January, though Volvo warned that persistent macroeconomic headwinds, price competition, and U.S. tariffs could weigh on short-term performance.

3. American Airlines reported a smaller-than-expected third-quarter loss and issued a stronger-than-anticipated outlook for the rest of 2025, boosting its stock price. The carrier posted an adjusted loss of 17 cents per share on $13.69 billion in revenue, outperforming Wall Street estimates of a 28-cent loss and $13.63 billion in sales. After a disappointing summer forecast, American’s improved results reflect better cost management and more disciplined capacity planning amid an oversupply of domestic flights. Airlines have faced tougher conditions this year, as earlier school reopenings and shifting travel habits have made the once-lucrative summer season less profitable.

   Headlines

   1. Alibaba has released new AI glasses priced at $660, undercutting Meta.

   2. SAP has booked about 85% of its 2026 revenue already as the demand for cloud infrastructure continues to rise due to the AI boom.