IonQ Jumps on UK Approval, Analyst Day Momentum
Quantum computing name IonQ surged 15% midday after receiving U.K. clearance for its acquisition of Oxford Ionics. The company also promoted its broader M&A strategy at its analyst day, boosting sector sentiment. Related names like Quantum Computing Inc. rose 5%, and Rigetti Computing gained 12%.
Read our latest take on Nvidia’s quantum startup spree
Tesla Extends Gains Without News Catalyst
Tesla (TSLA) added another 6%, riding a wave of bullish sentiment tied to falling interest rates. The stock has gained nearly 12% over the past week despite no major announcements, as investors bet that lower financing costs could improve vehicle affordability.
White House Push Lifts Joby Aviation
Shares of eVTOL developer Joby Aviation rose 2% after the company confirmed participation in a White House-backed program to showcase electric vertical flight technology, a potential catalyst for long-term regulatory momentum.
Warner Bros. Discovery Rallies Again on M&A Buzz
Warner Bros. Discovery (WBD) popped 12%, following a 29% gain on Thursday. CNBC reported that Paramount-Skydance may be preparing an acquisition offer. The media stock is gaining attention as consolidation talks heat up across the sector.
Adobe Beats Expectations in Q3
Adobe (ADBE) rose 3% after topping Wall Street expectations. The company posted adjusted earnings of $5.31 per share on $5.99 billion in revenue. Analysts were expecting $5.18 per share on $5.91 billion. The results underscore strength in enterprise software amid broader tech volatility.
Super Micro Computer Launches Nvidia Blackwell Shipments
Super Micro Computer (SMCI) gained 3% after announcing volume shipments of its Nvidia Blackwell Ultra AI solutions. The news affirms ongoing momentum in AI infrastructure demand.
Microsoft & OpenAI Extend Collaboration
Microsoft (MSFT) ticked up 2% after confirming an extension of its relationship with OpenAI, signaling continued investment into frontier AI research and enterprise applications.
RH Falls on Revenue Guidance Cut
Luxury home retailer RH (RH) dropped 4% after revising its full-year revenue outlook to a range of 9% to 11% growth, down from the prior 10% to 13% guidance. The move raises concerns about discretionary spending in the premium home goods segment.
IPO Activity: Figure, Gemini, and Others Enter the Market
Blockchain lender Figure Technology Solutions rose 11% after debuting on Nasdaq Thursday. It closed 24% above its $25 IPO price. Meanwhile, Gemini Space Station, a cryptocurrency platform by the Winklevoss twins, began trading Friday following a $28-per-share pricing.
Other names expected to hit the tape include Black Rock Coffee, Via Transportation, and Legence.
Meme Stock Whiplash: Opendoor Tanks
Opendoor Technologies (OPEN) plunged over 12% after a meteoric 78% gain on Thursday. The selloff follows news that Shopify executive Kaz Nejatian would be stepping in as CEO.
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Final Take: Market Momentum Driven by Tech, M&A, and AI
Today’s biggest market movers reflect a convergence of AI investment narratives, merger speculation, and post-IPO volatility. Investors are leaning into growth opportunities but remain cautious on high-beta names.
Disclaimer
This article is for informational purposes only and does not constitute investment advice. Investors should perform their own research or consult a licensed advisor before making decisions.
