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Showing posts with the label tech companies

Why D-Wave Quantum Inc. (QBTS) Skyrocketed This Week

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We recently published a list of These 10 Stocks Moved the Market This Week, Here’s Why . In this article, we are going to take a look at where D-Wave Quantum Inc. (NYSE:QBTS) stands against other stocks that moved the market this week. The stock market edged lower week-on-week, as cautious investors repositioned their portfolios ahead of the United States and China’s high-stakes negotiations on trade policies that have for months dented global economies. On a week-on-week basis, the Dow Jones was down by 0.16 percent, the S&P 500 dropped 0.47 percent, while the Nasdaq dipped by 0.27 percent. Beyond the major indices, 10 companies bucked a wider market decline, with gains skyrocketing in just a week’s trading. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume. The stocks were chosen based on the highest percentage increase in closing prices on May 9 as against their prices a we...

Zimbabwe's Tycoon to Build Africa's Premier AI Manufacturing Plant

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​ Addis Ababa, April 4, 2025 (ENA)— Zimbabwean billionaire Strive Masiyiwa’s Cassava Technologies has announced an exciting partnership with Nvidia to build Africa’s first artificial intelligence (AI) factory in South Africa. This innovative initiative will transcend being merely another data center; it is tailored explicitly for powering AI computations. ...

Who are the tech winners and losers of Donald Trump’s sweeping 'Liberation Day' tariffs?

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As U.S. President Donald Trump escalated a global trade conflict with numerous countries around the world on Wednesday, even targeting an area populated exclusively by penguins, growing market uncertainties led to significant declines in the stock prices of large technology firms. Shares of Meta, Nvidia, Apple, and Amazon dropped by 5% to 13% following Trump’s statement, as reported by Google finance records. Although some have already experienced negative impacts, other businesses might escape the most severe consequences following his statement. The following are two technology-focused sectors that emerge in significantly differing circumstances post-Trump's "Liberation Day" tariffs. Related Key points regarding President Donald Trump's extensive range of tariffs Winners: Semiconductors (and AI) A notable exception to President Trump's extensive new tariff plans is the semiconductor sector, as stated in an official f...

L&T Technology Services Secures €50M Game-Changing Contract in European Mobility Sector

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BusinessWire India Bengaluru (Karnataka) [India], April 1: L&T Technology Services (BSE: 540115, NSE: LTTS), a leading international provider of engineering and technology solutions, has entered into a significant agreement valued at EUR50 million with a major corporation. Europe An automobile original equipment manufacturer (OEM). This landmark deal represents a major accomplishment for LTTS within its mobility sector, reinforcing its role as a dependable engineering ally in the worldwide automotive industry. The most recent major project centers around creating and managing advanced software platforms designed for both present and future automobile models. This extensive agreement encompasses setting up a development hub that will serve as an essential component within the client’s worldwide optimal resource allocation plan. The customer’s sophisticated tech framework encompasses a consolidated architecture, their own OS, and an automoti...