Benzinga Bulls And Bears: Intel, Rumble, DraftKings — And Markets Shrug Off The Shutdown Benzinga Bulls And Bears: Intel, Rumble, DraftKings — And Markets Shrug Off The Shutdown

Market Overview - Wall Street reached record highs driven by rising expectations for Federal Reserve rate cuts, countering concerns over the U.S. government shutdown [1][2] - Tech and AI-related stocks, particularly Nvidia, contributed significantly to market gains [1] Economic Context - The ongoing government shutdown has delayed key economic data releases, leading investors to focus on sentiment and future rate expectations [2] - Market participants are closely monitoring the duration of the shutdown and its impact on rate cut expectations [3] Bullish Stocks - Intel Corp. saw a 50% increase in stock price over the past month, with the U.S. government's stake rising to approximately $16 billion, enhancing investor confidence [4] - Rumble Inc. experienced a stock rally following a strategic partnership with Perplexity to integrate AI tools and launch a subscription bundle [5] - Quantum Stocks: Rigetti Computing and D-Wave Quantum led a surge in quantum stocks, with Rigetti securing ~$5.7 million in new orders and analysts raising targets for the sector [6] Bearish Stocks - DraftKings Inc. stock fell over 10% despite announcing a multi-year advertising partnership with NBCUniversal, as investors weighed competitive pressures in the online gaming market [7] - Netflix Inc. shares declined after Elon Musk urged his followers to cancel subscriptions, citing content concerns [8] - Palantir Technologies and Anduril faced scrutiny over security vulnerabilities in a U.S. Army communications prototype, labeled as "very high risk" [8]