Market Overview - The U.S. stock market opened lower, with all three major indices declining: Nasdaq down approximately 0.9%, S&P 500 down 0.59%, and Dow Jones down 0.25% [1] Company Updates - Tesla's new registrations in the EU for August fell over 36% year-on-year to 8,220 vehicles, leading to a decline of more than 3% in its stock price [1] - Intel's stock rose by 1.5% as it reportedly engaged with Apple for potential investment and plans to increase prices of its "Raptor Lake" processors by over 10% in Q4 [1] - Oracle's stock dropped more than 4% after announcing a $18 billion bond issuance, with reported subscription demand reaching nearly $88 billion [1] - IBM's stock increased by over 2% following its collaboration with HSBC to launch the world's first quantum-enabled algorithmic trading system [1]

Core Insights - IBM's stock price increased by over 3% in pre-market trading [1] - The company has partnered with HSBC to launch the world's first quantum-enabled algorithmic trading system [1] Company Summary - IBM is collaborating with HSBC to introduce a groundbreaking trading system that utilizes quantum technology [1] - The partnership signifies a strategic move into advanced trading solutions, potentially enhancing market efficiency and trading capabilities [1] Industry Summary - The introduction of quantum-enabled trading systems represents a significant innovation in the financial services industry [1] - This development may set a precedent for future technological advancements in algorithmic trading [1]