Markets
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Luke Kawa

IonQ leaps after Amazon reveals $37 million stake in the quantum computing company

IonQ is rallying in premarket trading after tech juggernaut Amazon reported that it held 854,207 shares of the quantum computing stock at the end of Q2 (approximately $37 million worth, or 0.3% of shares outstanding).

Shares were up as much as 5%, but have since pared that gain to 3.7%.

It’s a nice vote of confidence in the company ahead of the release of its quarterly results after the close today. Analysts are looking for revenues of $17.2 million on the quarter, driven by nearly $11 million in hardware sales, with adjusted EBITDA of -$32.6 million.

Amazon, for its part, joined the quantum chip club earlier this year with the release of Ocelot, which it called “a breakthrough in the pursuit to build fault-tolerant quantum computers capable of solving problems of commercial and scientific importance that are beyond the reach of today’s conventional computers.”

The Andy Jassy-led giant isn’t the only tech titan that has owned IonQ, either. Alphabet formerly held nearly 22 million shares but sold its position in Q2 2022, per Bloomberg data.

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We’re getting a lot of borrowing, and that borrowing is risk-reducing (for now!)

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Meet the newly public, Bezos-backed company that’s recreating the sun and stars

General Fusion CEO Greg Twinney spoke with Sherwood News from the Nasdaq during the stock’s first day of trading.

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J. Edward Moreno

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.

Luke Kawa
7/2/26
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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Luke Kawa
7/1/26
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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