Quantum Stocks Drop as Nvidia CEO Sees Use Years Away

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Quantum Stocks Drop as Nvidia CEO Sees Use Years Away. 💻 The shares of IonQ Inc. and other companies linked to quantum computing tumbled in premarket trading on Wednesday, after Nvidia Corp. Chief Executive Officer Jensen Huang said that “very useful” quantum computers are likely decades away. Yahoo Finance reports.

🎮 Blackwell: At CES 2025 in Las Vegas, Nvidia unveiled Project Digits, a "personal AI supercomputer" that provides access to the company's Grace Blackwell hardware platform in a compact form factor. Yahoo Finance reports.

🔍 FactMeta: Meta on Tuesday announced it will eliminate its third-party fact-checking program and implement a “Community Notes” model, similar to the one that exists on Elon Musk’s X. CNBC reports.

📱 AppleFall: Apple shares have had a challenging start to 2025, as investors fret over weakness in the critical Chinese market. Yahoo Finance reports.

🌐 ChinaBreak: Tesla supplier Panasonic Energy plans to eliminate its supply-chain dependence on China for electric vehicle batteries made in the United States. Yahoo Finance reports.

📸 ImageFusion: Getty Images said on Tuesday it would merge with rival Shutterstock to create a $3.7 billion stock-image powerhouse geared for the artificial intelligence era, in a deal likely to draw antitrust scrutiny. Reuters reports.

🤖 CloudIndia: Microsoft will spend $3 billion to expand its Azure cloud and artificial intelligence capacity in India, CEO Satya Nadella said on Tuesday, doubling down on a country with tech expertise and low costs to help turn such investments profitable. Reuters reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1. $SANA: Sana Biotechnology
Total gain: +229.09%

2. $EON Resources
Total gain: +125.68%

3. $JBDI: JBDI Holdings
Total gain: +70.9%

4. $TPET: Trio Petroleum
Total gain: 70.86%

5. $GCTK: GlucoTrack
Total gain: +64.7%

The closing price of the top three market percent gainers trading near or above $3 on January 7.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1. $DATS: DatChat
Total gain: +338.27%
The stock appeared to be moving on no notable news.

2. $MCVT: Mill City Ventures III
Total gain: +37.17%
The company announced its partial commitment to a $3 million aggregate loan for a fast-growing Twin Cities-based operator of senior care facilities. Benzinga reports.

3. $NRXP: NRX Pharmaceuticals
Total gain: +32.76%
HOPE Therapeutics, a wholly-owned subsidiary of NRx Pharmaceuticals, announced the signing of a binding term sheet with Smith & Sauer, LLC for $25 million in equity purchases to fund planned HOPE clinic acquisitions. Benzinga reports.

Time (ET) / Report / Period

8:00 am - Fed Gov. Christopher Waller speaks
8:15 am - ADP employment - December
8:30 am - Initial jobless claims - January 4

“You must thoroughly analyze a company, the soundness of its underlying businesses, and the value of its stock before you buy it.”

― Benjamin Graham

Sourced in:
“The Intelligent Investor: A Book of Practical Counsel”, by Benjamin Graham,
published in 1949