Upside, Downside Movers Before the Bell on Thursday Morning
Upside:
-INFQ +22% (signs $100M quantum computing LoI with US Commerce Department under CHIPS Act)
-GFS +15% (signs $375M quantum computing LoI with US Commerce Department under CHIPS Act)
-QBTS +15% (signs $100M quantum computing LoI with US Commerce Department under CHIPS Act)
-RL +9.6% (earnings, guidance)
-APLD +9.5% (leases 300 MW AI Factory campus)
-ELF +8.4% (earnings, guidance)
-AAP +7.9% (earnings, guidance)
-CRML +7.6% (executes definitive 15-year offtake agreement with REalloys Inc. for rare earth element concentrate from Critical Metals’ Tanbreez Project in Southern Greenland)
-IBM +6.2% (IBM and Commerce Dept confirm first Purpose-Built Quantum Foundry, supported by proposed $1B CHIPS Award)
-NIO +5.7% (earnings, guidance)
-RLAY +5.6% (prices 22.9M shares at $12.00/shr for gross proceeds ~$275M)
-USAR +3.6% (selected for DOE $19.3M funding for rare earth separations pilot)
Downside:
-DAVA -23% (earnings, guidance)
-INTU -15% (earnings, guidance; cutting workforce)
-RKLB -6.4% (files up to $3B common stock offering)
-STLA -5.8% (Investor Day commentary)
-KR -4.0% (reportedly new CEO plans steep price cuts to win back customers)
-AMST -3.5% (profit taking)
-NTES -3.3% (earnings, color)
-DE -3.1% (earnings, guidance)
-KD -2.8% (Susquehanna Cuts KD to Net Neutral from Net Positive, price target: $13)
-WMT -2.2% (earnings, guidance)
Positions: None.
