markets

Luke Kawa10/15/25

D-Wave Quantum gains as Swiss Quantum Technology agrees to deploy one of its computers for 10 million euros

D-Wave Quantum is trading higher on Wednesday after the quantum computing firm announced that Swiss Quantum Technology SA has agreed to deploy its Advantage2 system in Europe, which “represents a €10M commitment from SQT, with an option to purchase the system.”

D-Wave’s prototype for this system produced its “quantum supremacy” result, where it was able to determine what types of magnetic materials could make good sensors and how to fine-tine those sensors, a task that would be energy and time prohibitive for a classical supercomputer.

Of note: this continues a trend that has seen D-Wave’s business enjoy more traction outside the US. CEO Dr. Alan Baratz has said that one challenge the company faces, “frankly, is that the US government just hasn’t been interested” in its annealing-centric quantum computing approach, and prefers gate-based models.

D-Wave has sold a quantum computing system to the Jülich Supercomputing Center, based in Germany, which fueled a huge jump in first-quarter revenues.

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markets

J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

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Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

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