Core Insights - Nokia is launching a new innovation campus in Ottawa, which will enhance Canada's position as a leader in connectivity and technology [1][2] - The campus will focus on advancements in AI-powered networks, quantum-safe infrastructure, and next-generation 6G technologies [1][3] - The project is supported by the Government of Canada, Ontario, and the City of Ottawa, highlighting strong public-private partnerships [5][10] Company Developments - The new campus will span nearly 750,000 square feet and will serve as a hub for over 1,900 R&D professionals in Ottawa [2] - Nokia aims to strengthen its commitment to innovation and local talent development through this expansion [6][7] - The facility will incorporate sustainable design principles, including LEED standards and renewable energy systems [4][8] Industry Impact - The Ottawa campus is expected to drive economic growth and set new standards in digital infrastructure [4][8] - Nokia's partnerships with NVIDIA and leading universities will attract global talent and foster tech-driven prosperity [7] - The project is positioned to enhance Canada's capabilities in AI, quantum technologies, and secure digital infrastructure [9][10]

Key Takeaways IonQ posted 222% revenue growth in Q3, beat its forecast, and lifted its 2025 revenue guidance.IonQ expanded partnerships and acquisitions to strengthen its quantum platform and capabilities.IonQ hit new quantum milestones, including AQ 64 performance and 99.99% two-qubit gate fidelity.IonQ, Inc. (IONQ) posts strong revenue growth and achieves major milestones, but shares fall post-third-quarter earnings release as profits remain out of reach. So, what should investors do next? Let’s have a lo ...

Core Insights - GlobalFoundries plans to invest €1.1 billion to expand its manufacturing capabilities in Dresden, Germany, aiming to increase production capacity to over one million wafers per year by the end of 2028, making it the largest semiconductor manufacturing site in Europe [1][2][4] Investment and Expansion - The expansion, referred to as project SPRINT, is expected to receive support from the German federal government and the State of Saxony under the European Chips Act, with EU approval anticipated later this year [2] - This investment highlights Saxony's significance as a semiconductor manufacturing hub and aligns with Europe's strategic goal of enhancing supply chain resilience [2][4] Technological Focus - The new manufacturing capacity will concentrate on differentiated technologies, including low power, embedded secure memory, and wireless connectivity, which are crucial for sectors such as automotive, IoT, defense, and critical infrastructure [4][5] - The investment will also facilitate innovation in next-generation compute architectures and quantum technologies [4] Industry Context - Recent disruptions in the automotive sector have underscored vulnerabilities in global chip supply chains, prompting GlobalFoundries to expand its manufacturing footprint in Europe and other regions [5] - The expansion is seen as a vital step in strengthening the European automotive industry and enhancing the semiconductor ecosystem in Saxony [6][7] Commitment to Germany - GlobalFoundries has invested over €10 billion in its Dresden site since 2009, marking it as one of the largest industrial investments in Germany [6] - The company has joined the "Made for Germany" initiative, demonstrating a long-term commitment to industrial investment in the country [6]

Core Insights - IonQ shares experienced a significant rally of up to 13% on October 23, following reports of the White House's interest in investing in quantum computing firms [1] - The Trump administration is reportedly willing to offer at least $10 million in federal grants in exchange for equity stakes in these companies, indicating a national priority for quantum computing [3] Federal Support Significance - The potential federal support is seen as bullish for IonQ shares, highlighting the government's long-term commitment to the quantum computing sector, comparable to semiconductors and artificial intelligence [3] - Although the $10 million grant may seem modest, it could attract more institutional capital to IonQ, enhancing its position in the rapidly growing quantum technologies market [4] Stock Performance and Projections - Following recent gains, IonQ stock is trading at over three times its price from early March [2] - Options data suggests that IonQ shares could continue to rise, with projections indicating a potential rally to above $80 within the next three months [5] - The expected price movement through the end of October is 13.57%, with an upper bound currently set at $68 [5] Technical Progress and Revenue Growth - IonQ has made impressive technical advancements this year, achieving record-breaking fidelity levels and an 82% year-over-year increase in Q2 revenue, supporting the case for further stock price appreciation [6] Market Sentiment - Wall Street firms currently view IonQ shares as an attractive long-term investment opportunity [7]

Core Insights - RIBER reported first-half 2025 earnings, confirming its roadmap rollout and annual outlook despite a challenging international environment [2][4] Financial Performance - Revenues for H1 2025 were €10.7 million, down from €13.7 million in H1 2024, with systems revenues at €7.8 million and services and accessories revenues at €3.0 million [3][5] - Gross margin for the period was €3.9 million, representing 36.2% of revenues, an increase from 34.8% in H1 2024 [6] - Operating income was €(0.7) million, compared to break-even in H1 2024, while net income was €(0.8) million, down from a profit of €0.2 million in H1 2024 [7] Order Book and Sales - The order book stood at €27.7 million as of June 30, 2025, down 23% year-over-year, with system orders at €22.5 million, a decrease of 25% [11] - The company secured nine system orders in the first nine months of 2025, including two for production, reflecting ongoing demand in datacom and quantum technologies [4][8] Strategic Developments - RIBER is advancing its silicon photonics roadmap, having signed its first two ROSIE sales, which are crucial for the industrialization of this technology [4][13] - The company anticipates new orders in Q4 2025, driven by investment programs in AI and quantum technologies [13][14] Cash Flow and Equity - Cash position at the end of June 2025 was €2.5 million, down from €8.6 million at the end of 2024, influenced by seasonal delivery patterns and shareholder distributions [9][10] - Shareholders' equity decreased to €21.3 million from €23.6 million at the end of 2024, primarily due to half-year earnings and distributions [10]

Group 1: Market Overview - The Russell 2000 Index (RUT) reached a new record high, driven by momentum from anticipated rate cuts [1] - The small cap iShares Russell 2000 ETF (IWM) saw significant gains, with various holdings benefiting from this trend [1] Group 2: Key Company Highlights - Bloom Energy Corp (NYSE:BE) was highlighted as a top pick, with Morgan Stanley raising its price target from $44 to $85, citing its partnership with Oracle and its role in powering AI data centers; BE closed the week at $82.93, up 273% in 2025 [2] - IonQ Inc (NYSE:IONQ) announced acquisitions of Vector Atomic and Oxford Ionics, and a memorandum of understanding with the Department of Energy to advance quantum technologies; IONQ experienced a seven-day win streak, briefly crossing $70 [3] - Rigetti Computing Inc (NYSE:RGTI) and D-Wave Quantum Inc (NYSE:QBTS) also saw significant gains of 49% and 51% respectively, with Rigetti securing a $5.8 million contract from the Air Force Research Laboratory and D-Wave reporting 83% year-over-year growth in the Asia-Pacific region [4] Group 3: Sector Trends - The quantum computing sector is experiencing a surge, with companies establishing legitimacy despite previous volatility; IONQ and QBTS faced post-earnings drawdowns, while Rigetti gained 6.1% after earnings [5] - Oklo Inc (NYSE:OKLO), a small-module reactor company, rose nearly 60% this week, benefiting from increased demand following U.S. Energy Secretary announcements and a U.S.-U.K. nuclear energy pact [6][7] - All highlighted companies, including those in clean energy, quantum computing, and nuclear reactors, have shown up on a Short Squeeze screen, indicating potential for further volatility despite recent gains [8]

Market Overview - The S&P 500 Index is up +0.67%, the Dow Jones Industrials Index is up +0.46%, and the Nasdaq 100 Index is up +1.19% [1] - September E-mini S&P futures are up +0.63%, and September E-mini Nasdaq futures are up +1.19% [1] Economic Indicators - Weekly initial unemployment claims fell by -33,000 to 231,000, indicating a stronger labor market than the expected 240,000 [4] - The September Philadelphia Fed business outlook survey rose by +23.5 to an 8-month high of 23.2, surpassing expectations of 1.7 [4] - August leading indicators fell -0.5% month-over-month, worse than the expected -0.2% [5] Federal Reserve Actions - The Fed cut interest rates by 25 basis points and signaled another 50 basis points of rate cuts by the end of the year [3][8] - Markets are pricing in an 86% chance of a 25 basis points rate cut at the next FOMC meeting on October 28-29 [5] Stock Movements - Intel surged by +25% after Nvidia agreed to invest $5 billion in the company for co-developing chips [2][11] - CrowdStrike Home is up more than +10% following a positive investor briefing on its AI strategy [12] - 89bio increased by +86% after Roche announced its acquisition for $3.5 billion [12] - Darden Restaurants is down more than -9% after forecasting adjusted EPS below consensus [14] - ARM Holdings is down more than -4% following Nvidia's investment in Intel [15]

Core Viewpoint - Humanoid Global Holdings Corp. has appointed B. Spencer Martin to its Investment Advisory Board, enhancing its investment capabilities in the humanoid robotics and embodied AI sector [1][4]. Company Overview - Humanoid Global is a publicly traded investment issuer focused on building a portfolio of pioneering companies in the humanoid robotics and embodied AI sector, providing liquidity and access to an actively managed portfolio [7]. - The company takes a long-term, partnership-oriented approach, offering capital and strategic consultation on go-to-market strategies, regulatory pathways, and transaction advisory [7]. Appointment of B. Spencer Martin - B. Spencer Martin is a seasoned investor-operator with a strong background in technology and innovation, having previously served as a Partner at TELUS Global Ventures [2][3]. - Martin has completed over 50 transactions across the U.S., Canada, Australia, and the U.K., with deal sizes ranging from $10 million to $350 million [2]. - He has extensive board experience, having served in 10 board roles and achieved successful exits in deep-tech sectors, including artificial intelligence and quantum technologies [3]. Role and Responsibilities - Martin will advise on investment and capital allocation areas, including deal origination, investment analysis, due diligence, and portfolio construction and monitoring [4]. - His appointment is expected to strengthen the company's investment capital markets strategy and enhance long-term shareholder value [4]. Advisory Agreement - The advisory agreement with Martin has a term of twelve months, starting from September 11, 2025, with the option for either party to terminate at any time [5]. - The company has granted Martin 25,000 restricted share units (RSUs), which will vest immediately and expire on September 12, 2030 [6].

Financial Data and Key Metrics Changes - Revenue for Q2 2025 totaled approximately $0.061 million, a decrease from $0.183 million in the same quarter of the previous year [15] - Gross margin increased to 43% from 32% year-over-year, although it remains variable at current revenue levels [15] - Net loss attributable to common stockholders was $36 million for Q2 2025, compared to a net loss of $5 million in Q2 2024 [17] - Total assets increased to $426 million as of June 30, 2025, up from $154 million at the end of 2024 [18] - Cash and equivalents rose by $270 million in the first half of 2025 to $349 million, bolstered by net proceeds of $188 million raised in Q2 [18] - Total liabilities decreased to $30 million, down approximately $16 million compared to year-end 2024 [19] - Stockholders' equity rose to $396 million as of June 30, 2025, reflecting a strengthened capital position [19] Business Line Data and Key Metrics Changes - The company is focused on two revenue streams: quantum machines for complex optimization and a photonic chip foundry for next-generation communication [5] - Significant orders were secured for quantum photonic systems and entangled photon sources, indicating growing commercial adoption [8][9] - A major automotive manufacturer purchased an EMUCORE reservoir computing system, showcasing real-world applications of the technology [10] Market Data and Key Metrics Changes - The company is positioned in a rapidly accelerating market for quantum technologies, with increasing awareness of their role in various sectors [6] - The domestic semiconductor and photonic manufacturing momentum is creating new commercial opportunities for the foundry [6] Company Strategy and Development Direction - The growth strategy is centered on delivering practical, high-performance quantum and photonic technologies rather than theoretical performance [5] - The company aims to integrate quantum machines with nanophotonic chips to enhance performance and reduce costs [23] - The foundry is expected to support both the development of quantum machines and offer services to other companies [24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's progress and the potential of its technologies to deliver real-world solutions [20] - The focus for the next two to three years will be on integrating quantum machines with nanophotonic chips to enhance performance [23] Other Important Information - The company completed a $200 million financing round, strengthening its capital position [16] - Key leadership appointments were made to support the next phase of execution, including a new CFO and COO [13] - The company was added to the Russell 3000 and Russell 2000 indices, increasing visibility among institutional investors [14] Q&A Session Summary Question: What are the most important milestones for the next one to three years? - Management highlighted the integration of quantum machines with nanophotonic chips as a key focus, aiming to enhance performance and reduce costs [23] Question: Will there be an acceleration in spending or M&A activities? - The CFO indicated that while they are hiring additional staff to accelerate technology development, there are no current plans for acquisitions, although strategic opportunities are being explored [27][28]

Group 1: Company Developments - Quantum Computing Inc. (QUBT) is making significant progress in 2025 with hardware advancements and strategic customer acquisitions, including the delivery of its first commercial entangled photon source to a South Korean research institution [1] - QUBT has made its commercial debut in quantum-secured communications by securing a $332,000 order from a top-five U.S. bank for a quantum communication system [2] - The company is targeting real-world applications across critical sectors such as finance, national security, space, and life sciences, indicating potential follow-on orders or scale-up discussions [3] Group 2: Industry Positioning - IonQ (IONQ) has partnered with Emergence Quantum to co-develop advanced materials and secured a $22 million deal to create a U.S. hub for quantum computing [4] - D-Wave Quantum (QBTS) raised $400 million to enhance liquidity for scaling and strategic M&A, and announced a NASA-partnered initiative to improve processor density [5] Group 3: Market Performance - QUBT shares have increased by 112.8% over the past three months, significantly outperforming the industry growth of 18.2% and the sector's rise of 19% [6] - The average target price for QUBT indicates a near-term upside, as it is currently trading 25% below its average Zacks price target [10]