Quantum Leap
Live Blog Update #2 Published
Quantum computing stocks are in the spotlight after Nvidia (Nasdaq; NVDA) introduced its open-source AI model to bring quantum computers into the mainstream faster. IonQ (NYSE: IONQ) shares are up 2% today, D-Wave Quantum (NYSE: QBTS) stock is soaring by 6%, and Rigetti Computing (Nasdaq: RGTI) is up 1.6%.
All Updates from Live Coverage
Meta (Nasdaq: META) is passing along higher memory costs to consumers. According to reports, Mark Zuckerberg’s company is hiking prices on its Quest headset lineup starting April 19th. The Quest 3 is jumping $100 to $599.99 and both Quest 3S models climbing $50, to $349.99 for the 128GB version and $449.99 for the 256GB. Accessories will hold at current prices. Meta Platforms stock is up 0.34% today.
Ahead of Microsoft’s (Nasdaq: MSFT) upcoming earnings toward the end of April, TD Cowen analysts are weighing in. They see Azure upside as likely capped, with GPU capacity constraints keeping growth steady while rising capex could leave shares range-bound, though the firm also finds room for a breakout if the Copilot narrative gains traction.
Oppenheimer upgraded NextNav (Nasdaq: NN) to Outperform with a $25 price target, calling its spectrum and GPS backup technology critical infrastructure for drones and physical AI. Analysts also suggested it has a target on its back, naming AT&T as the most logical strategic acquirer, with SpaceX and Verizon also named as possible suitors.
Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby.