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  • IonQ rebounds 8% after Nvidia CEO reverses quantum stance

IonQ rebounds 8% after Nvidia CEO reverses quantum stance

5 articles I'm watching carefully

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Tyler Dupont
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Good morning 👋

Here's the latest news I'm tracking today.

 📈 Stocks / Finance

IonQ rebounds 8% after Nvidia CEO reverses quantum stance

IonQ stock rose 8.2% this week after Nvidia CEO Jensen Huang walked back claims that quantum was 15+ years off, now backing it with a new research center. Investor sentiment also improved after IonQ's project with Ansys showed quantum outperforming classical methods in medtech design.

AMD downgraded as AI chip benchmarks trail Nvidia's older H200

Jefferies downgraded AMD to hold, cutting its price target to $120, after benchmarks showed AMD’s MI300x lags Nvidia’s H200 in real-world AI workloads. Analyst Blayne Curtis warned of limited AI traction and overestimated Street forecasts as Nvidia preps Blackwell and Rubin chips.

Wall Street hikes gold targets as trade war fears grow

Gold hit $3,060 after Trump's auto tariffs and a weaker dollar spurred demand. BofA raised its target to $3,500, citing central bank buying and ETF inflows. JPMorgan flagged a potential surge to $4,000, noting accelerating gains and structural demand shifts post-Ukraine.

🪙 Crypto

SEC retreats and Trump’s crypto pivot reshape US policy

The SEC has dropped or settled major cases against Coinbase, Consensys, and Binance, while Trump’s rumored crypto tax breaks and Bitcoin Reserve plans signal a friendlier U.S. stance. Legal experts say this regulatory shift is critical for compliance and innovation.

🌎 Global Economy

Japan warns US tariffs could strain global trade ties

Japan criticized Trump's 25% auto import tariff, warning of a 0.2% GDP hit and $11.4B in added costs for top automakers. Cars make up 28% of Japan's US exports. Tokyo urged exemption, citing deep investment ties, while stocks in Toyota, Nissan, Honda, and Hyundai dipped on the news.

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