Dow, S&P 500, Nasdaq futures wobble as oil jumps, Tesla falls after earnings

🤖 Quantum computing firms jump after report of US government stake talks

Shares in U.S. quantum computing firms surged in premarket trading on Thursday after the Wall Street Journal reported President Donald Trump's administration is in talks to take equity stakes in exchange for federal funding.

Shares of IONQ (IONQ.N), Rigetti (RGTI.O), D-Wave Quantum (QBTS.N), and Quantum Computing surged between 12% and 14% after the report said the companies are in talks about the U.S. government becoming a shareholder as part of the agreements. Reuters reports.


🖥️ IBM shares fall as cloud slowdown triggers investor anxiety

IBM (IBM.N), shares dropped nearly 7% in premarket trading on Thursday after a decline in growth in its core cloud software segment spooked investors over Big Blue's ability to seize the booming demand for cloud services.

Sluggish expansion in IBM's cloud business, a unit of its software segment, raised fresh concerns among investors about the company's ability to capitalize on the rapid growth in cloud services driven by AI adoption.

The company's sales growth in the hybrid cloud unit - known as Red Hat - decreased to 14% from 16% in the previous quarter. Reuters reports.


🚙 Tesla stock lower after Q3 earnings miss; Musk says Robotaxi expansion coming by end of the year

Tesla (TSLA) reported mixed third quarter results on Wednesday after the bell as the company forges ahead in a post-EV tax credit environment, with investors eyeing Robotaxi progress.

For the quarter, Tesla reported Q3 revenue of $28.01 billion vs $26.27 billion expected, per Bloomberg, a 12% jump from the $25.18 billion reported a year ago.

Tesla posted adjusted earnings per share (EPS) of $0.50 vs $0.54 estimated, translating to EBITDA of $4.23 billion vs $3.78 billion expected.

Operating profit fell 40% to $1.624 billion from a year ago.

Tesla also said lower regulatory emissions credit revenue weighed on profitability.

Tesla stock was around 3% down in premarket trading on Thursday. Yahoo Finance reports.


🌫️ SAP shares turn negative on new cloud business outlook

Shares in SAP, opens new tab were volatile in early trading on Thursday after Europe's largest software maker forecast full-year cloud revenue at the lower end of its outlook range.

SAP said it expected cloud revenue for 2025 to be at the lower end of its forecast of 21.6 billion to 21.9 billion euros ($25.2 billion - $25.5 billion).

The stock was down around 2% at 0935 GMT, reversing course after rising as much as 3% earlier and tracking a fall in its U.S.-listed shares. Reuters reports.


🤖 A lot has changed for Intel in three months. Earnings are the next big test.

In some ways, Intel Corp. is a much different company than it was last time it reported earnings.

The company has amassed a string of multibillion-dollar investments that can be seen as a vote of confidence in its business. It also has a new product partnership with Nvidia Corp.

But in other ways, things haven’t changed much for Intel. The company’s business is still faltering, and analysts expect another quarter of essentially stagnant revenue growth when Intel posts results on Thursday afternoon.

While new investors are putting their financial might behind Intel, the company still faces challenges with its technology. MarketWatch reports.

*Estimate and Actual numbers represent Earnings Per Share in US Dollars


NOK: Nokia
Q3 2025
Before Market Open
Estimate: 0.060
Actual: 0.070

STM: STMicroelectronics
Q3 2025
Before Market Open
Estimate: 0.220
Actual: 0.290

VC: Visteon
Q3 2025
Before Market Open
Estimate: 2.100
Actual: N/A

Time (ET)/ Report/ Period

8:30 AM - *Initial jobless claims - Oct. 18
10:00 AM - Existing home sales - Sept.
10:25 AM - Fed governor Michael Barr speaks - N/A

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