Quantum IPO
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Broadcom plunged 14% despite 48% revenue growth and doubled AI chip revenue, dragging the Nasdaq 1% lower as guidance disappointed investors.
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CrowdStrike fell 10% despite a 51% earnings beat, while Apple is tapping Google's Nvidia chips to power its revamped Siri launching in September.
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Live Blog Update #3 Published
Quantinuum (NASDAQ:QNT) made its public market debut Thursday on the Nasdaq, the product of a merger between Honeywell’s quantum computing division and UK-based Cambrs.idge Quantum. The listing arrives at a moment when the quantum computing sector has been generating outsized returns for early believers. Rigetti Computing has more than doubled over the past year, while IonQ and D-Wave have each gained at least 50%, though the space is equally known for sharp reversals, making volatility as much a feature of quantum stocks as the technology.
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Blackstone (NYSE:BX) is restricting investor exits from its $79 billion flagship private credit vehicle after redemption requests hit 10% of shares during Q2, well above the 5% threshold the asset management giant has now imposed. The development reflects a broader pattern taking hold across private markets, where a wave of outflows from non-traded business development companies (BDCs) is forcing managers to weigh investor liquidity demands against the inherently illiquid nature of the assets underlying these funds.
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Weekly jobless claims climbed to 225,000 in the week ending May 30, a rise of 13,000 from the prior week and the highest reading since February, according to Labor Department data. The increase came in above the 215,000 economist consensus, though the Memorial Day holiday may have introduced seasonal volatility that partially accounts for the uptick.
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.
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