Quantum Computing Advancement - Google unveils major quantum computing breakthrough [1] - New algorithm runs 13,000x faster than world's best supercomputer [1] - Google anticipates useful applications of quantum technology within 5 years [1] Potential Impact on Cryptocurrency - Bitcoin needs to stay ahead of quantum computing advancements [1]

Federal Reserve Operations - Demand for the Federal Reserve's overnight reverse repurchase agreement (RRP) operation decreased, with 8 counterparties taking $4.005 billion, down from $4.699 billion and 10 bids previously, indicating less excess liquidity in the financial system [2][7]. Michelin - Michelin's CEO, Florent Menegaux, confirmed that there is "no reason to change dividend policy," with a €1.38 dividend per share for the 2024 fiscal year approved, reflecting a 2.2% increase from the previous year and a payout ratio of 52% of net income, showcasing the company's confidence in its strategic execution [3][7]. Automotive Industry - Former President Trump announced that General Motors (GM) CEO Mary Barra and Ford Motor Company (F) Executive Chairman Bill Ford thanked him for implementing 25% tariffs on imported medium- and heavy-duty trucks, set to take effect on November 1, 2025, aimed at boosting domestic manufacturing [4][7]. Job Market - Initial jobless claims filed by federal workers surged by 121% week-over-week to 7,244 for the week ending October 11, 2025, the highest level since the 2019 government shutdown, attributed to the ongoing federal government shutdown [8][9]. Cattle Industry - President Trump called for cattle ranchers to lower prices amidst record-high beef prices, suggesting importing beef from Argentina to increase supply and lower consumer costs, a proposal that faced strong opposition from U.S. cattle producers [9].

Core Insights - Quantum computing is emerging as a significant advancement in processing power, with several companies, including D-Wave Quantum, poised to capitalize on this technology [1][2] Company Overview - D-Wave Quantum, based in Palo Alto, California, is recognized as the world's first commercial supplier of quantum computers, focusing on both annealing and gate-model quantum computers [4] - The company has a market capitalization of $11 billion [4] Recent Developments - D-Wave Quantum announced a plan to streamline its capital structure by redeeming 5 million warrants, which could lead to the issuance of 7.2 million shares if all warrants are exercised by the November 17 deadline, resulting in a 2.1% dilution for existing shareholders [3] - Following this announcement, D-Wave Quantum's stock experienced a 6% drop, despite a significant increase in value over the past year [4] Performance Metrics - Over the last year, D-Wave Quantum's stock has surged by 2,220%, significantly outperforming the Russell 2000's return of 12.6% during the same period [6] - The stock's performance, while impressive, has led to a forward price-to-sales (P/S) ratio of 448, which is substantially higher than its three-year mean of 24.6, indicating speculative optimism in the market [7] Product Innovations - In May, D-Wave Quantum launched its sixth-generation quantum computer, the Advantage2, which features 20-way qubit connectivity and a 40% increase in energy scale, aimed at real-world applications [5]

Core Insights - Google is experiencing positive momentum in its cloud computing business, with potential new contracts and significant revenue growth expected in the upcoming earnings report [2][3][4] Group 1: Cloud Computing Developments - Google is in negotiations with Anthropic, a competitor of OpenAI, for a cloud computing contract, which could enhance its cloud business [2] - Analysts project a 29% growth in Google Cloud revenue for Q3, estimating it will reach $14.65 billion [3] - New customers for Google Cloud include OpenAI and Meta Platforms, indicating a growing demand for AI computing resources [4] Group 2: Stock Performance - Google stock rose slightly to $251.20, reflecting a 33% increase in 2025 after a period of underperformance [4] - Despite recent fluctuations, Google stock is trading below its all-time high of $256, reached on September 19 [5] Group 3: Quantum Computing Advances - Google CEO Sundar Pichai announced further advancements in quantum computing, building on previous developments in error correction with the "Willow" quantum chip [6] - Quantum computing utilizes qubits, which can exist in multiple states simultaneously, allowing for faster and more complex calculations compared to traditional computers [7][8] Group 4: Stock Ratings - Alphabet's Relative Strength Rating is currently at 90 out of a possible 99, indicating strong performance relative to other growth stocks [9] - The stock holds an Accumulation/Distribution Rating of B+, suggesting moderate institutional buying activity [9] - Google stock has a Composite Rating of 98, reflecting its strong fundamental and technical metrics [10]

Shares of Google higher after announcing a quantum computing breakthrough, adding to buzz for the stock after reports the company's in talks with Anthropic on a multi-billion dollar cloud deal. Our Mackenzie Sagalos has more on that in today's tech check. What a week for Google, Mac.>> Yeah, it really has been. I was talking to one Google investor this morning, Carl. He told me that the quantum breakthrough isn't what's driving the stock.It's the bigger signal here that Google is starting to show signs of r ...

Core Viewpoint - IBM's upcoming earnings report is highly anticipated, particularly regarding its software segment growth, which is expected to increase by approximately 10.5% in the third quarter, following previous revenue misses in the first and second quarters [2][3]. Software Segment - The software segment's performance is critical, as previous quarters saw revenue misses leading to stock sell-offs. The market is closely watching for any signs of disappointment in this area [2][3]. - Cumulative AI bookings for IBM in the second quarter were reported at about $7.5 billion, indicating a focus on AI integration within their software offerings [3]. AI Strategy - IBM has formed a partnership with Enthropic to enhance its AI capabilities through the Claude chatbot, which competes with OpenAI's ChatGPT. This partnership will be integrated into various IBM products [4]. - Unlike other major players in the AI space, IBM's approach is less capital expenditure-intensive, focusing on unique applications rather than large-scale data center expansions [5][7]. Cloud Business - IBM's cloud strategy is characterized as a hybrid model, combining infrastructure as a service with data privacy, differing from competitors like Amazon and Microsoft, which primarily utilize large data centers [5][6]. - This hybrid cloud approach allows clients to maintain some data in-house while utilizing external resources, positioning IBM uniquely in the cloud market [7]. Quantum Computing - Quantum computing is viewed as a significant growth area for IBM, with expectations to launch a quantum computer by 2029-2030. This positions IBM as a key player in the emerging quantum technology sector [10][11]. - IBM's core competency in building large machines, such as mainframes, provides a competitive edge over other companies that focus on different technological areas [10]. Stock Performance - IBM's stock has been on an upward trend, approaching 52-week highs, with a year-to-date rally of about 30%. The stock is currently about 5-6% off its all-time highs, indicating strong market interest ahead of the earnings report [2][13].

RT Sundar Pichai (@sundarpichai)New breakthrough quantum algorithm published in @Nature today: Our Willow chip has achieved the first-ever verifiable quantum advantage.Willow ran the algorithm - which we’ve named Quantum Echoes - 13,000x faster than the best classical algorithm on one of the world's fastest supercomputers. This new algorithm can explain interactions between atoms in a molecule using nuclear magnetic resonance, paving a path towards potential future uses in drug discovery and materials scien ...

Core Viewpoint - D-Wave Quantum Inc (NYSE: QBTS) is experiencing a pullback in its stock price, which may present a buying opportunity as it gains popularity among billionaires in the quantum computing sector [1] Company Summary - D-Wave Quantum Inc is positioned as a significant player in the quantum computing industry, attracting interest from high-net-worth individuals [1] - The company's stock opened lower in the morning trading session, indicating a potential moment for investors to consider purchasing shares [1] Industry Summary - The quantum computing sector is emerging as a favored investment area among wealthy investors, suggesting a growing confidence in the technology's future [1]

Google has claimed a breakthrough in quantum computing after developing an algorithm that performed a task beyond the capabilities of conventional computers.The algorithm, a set of instructions guiding the operation of a quantum computer, was able to compute the structure of a molecule – which paves the way for major discoveries in areas such as medicine and materials science.Google acknowledged, however, that real-world use of quantum computers remained years away.“This is the first time in history that an ...

Designed to accelerate advances in medicine and other fields, the tech giant's quantum algorithm runs 13,000 times as fast as software written for a traditional supercomputer. ...