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Quantum Computing soars after posting better-than-expected Q1 sales

Shares of Quantum Computing are mooning in early trading after the company posted better-than-expected Q1 sales.

For the period ended March 31, QCi reported:

Revenue of $3.7 million (compared to analyst estimates of $3.1 million).
A loss per share of $0.02 (estimate: a $0.05 loss).

The boost in sales was primarily linked to the two acquisitions that closed in the quarter, of Luminar Semiconductor and NuCrypt.

Despite having the most straightforward name (and ticker) connected to the theme, Quantum Computing is seemingly less focused on developing hardware that leaves classical supercomputers in the dust, and more driven to carve out a supporting role in the AI boom.

For instance, earlier this year, the company announced that its NeuraWave photonics computing platform designed for edge inference cases was deployment-ready. This technology includes a plug-in card that aims to accelerate the processing and decision-making capabilities of AI-enabled machines in resource-limited environments using photonics (light) to reduce heat.

“QCi made significant operational progress in the first quarter of 2026, furthering our mission of delivering accessible, scalable, and affordable quantum machines and photonic solutions for practical use across high-growth markets, including high-performance computing, artificial intelligence, cybersecurity, aerospace and defense, and advanced sensing and imaging,” said CEO Dr. Yuping Huang in the press release. “As demand for faster and more efficient data processing grows, it is becoming increasingly clear that photonics will be a critical component of future technological advancements given its low power consumption and ability to operate at room temperature.”

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Helena Cheng15m

T1 Energy posts much smaller-than-feared quarterly loss

T1 Energy shares are whipsawing in early trading after the solar equipment maker reported its Q1 financial results today, posting a quarterly loss far smaller than feared.

Key numbers:

Loss per share: $0.08 (estimate: $0.18).
Revenue: $177.65 million.
Operating expenses: $51.6 million.
Cash, cash equivalents, and restricted cash: $123.7 million.

Shares were up nearly double digits in premarket trading, but have since proceeded to dip into the red.

Management highlighted the operational ramp-up at its G1_Dallas facility and continued progress on its flagship G2_Austin solar cell plant. The company is targeting a larger financing solution, which includes a significant debt component, to fund its capex needs for Phase 1 of G2_Austin.

Following a successful $160 million convertible note offering in April, the company said it has reduced its remaining Phase 1 funding requirement to approximately $225 million.

“Our team made excellent progress during the first quarter to advance our top priorities,” said Dan Barcelo, CEO and chairman of T1 Energy. “As we look ahead, we are focused on hitting key construction milestones, targeting a comprehensive financing package for G2_Austin in the second quarter, building our offtake coverage through our developer customer base, and driving profitability as T1 grows.”

Hims & Hers graphic. (Hims & Hers)

Hims enters a “strategic pivot” following blowback from its copycat Wegovy pill

After selling compounded GLP-1 drugs for two years, Hims is launching an expensive shift to branded treatments.

J. Edward Moreno2h

markets

Core inflation rises by more than expected in April

The April reading of the Consumer Price Index showed headline inflation rose 0.6% month on month, with core inflation (which strips out volatile food and energy prices) rising 0.4%.

Economists had anticipated inflation rising 0.6% month on month on a headline basis, with core up 0.3% versus March.

Headline inflation rose 3.8% on an annual basis.

Prediction markets indicated a high degree of confidence in a 0.6% monthly rise for headline CPI, and anticipated an annual increase of 3.7%, with less than 50% odds of rising more than that.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

The recent stability in labor market data coupled with the potential for another oil-induced inflation shock in light of the Iran war and closure of the Strait of Hormuz have prompted traders to price the end of the Federal Reserve’s easing cycle. Federal funds futures pricing implies a hike is a more than 50% probable at next March’s meeting.

Prediction markets are less hawkish, pricing in 41% odds of a hike before July 2027 while still expecting a return to tightening in the second half of next year.

markets

Waymo recalls 3,800 robotaxis after software issue leads to flood incident

Alphabet-owned Waymo is recalling 3,791 autonomous vehicles in ‌the United States over a software glitch affecting its self-driving robotaxis. The recall follows an April 20 incident in which an unoccupied Waymo drove into a flooded lane in San Antonio, prompting Waymo to review similar scenarios. Waymo said there were no injuries from the incident.

The recall targets a software flaw that may allow vehicles to maintain high speeds when entering standing water, increasing the risk of a crash, Reuters reported, citing a statement by the National Highway Traffic Safety Administration.

The recall adds to a string of investigations this year focusing on the technology’s performance in complex environments. Back in January, Waymo struck a child near a Santa Monica elementary school, and the vehicles have been involved in several instances of passing stopped school buses.

As of early 2026, the company operates about 3,000 robotaxis across ~10 US metropolitan areas, providing over 500,000 paid rides per week.

Waymo recalls 3,800 robotaxis over risk of entering flooded roads

Waymo recalls 3,800 robotaxis over risk of entering flooded roads

The recall targets a software flaw that may allow vehicles to maintain high speeds when entering standing water, increasing the risk of a crash, Reuters reported, citing a statement by the National Highway Traffic Safety Administration.

The recall adds to a string of investigations this year focusing on the technology’s performance in complex environments. Back in January, Waymo struck a child near a Santa Monica elementary school, and the vehicles have been involved in several instances of passing stopped school buses.

As of early 2026, the company operates about 3,000 robotaxis across ~10 US metropolitan areas, providing over 500,000 paid rides per week.

D-Wave Quantum reports lower-than-expected Q1 sales, though backlog booms on major deals

Bookings at the end of Q1 were $33.4 million, up from $13.4 million in Q4 and $1.6 million a year ago.

Julich Research Center Inaugurates Europe's First 5,000+ Qubit Quantum Computer

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