Tesla Motors rose 2.2% in overnight trading after soaring 6% in the previous trading day. The stock is up a whopping 18% in the past five days, reflecting positive news reports regarding Tesla's — and CEO Elon Musk’s — connection to President-elect Donald Trump. Wall Street analysts subsequently re-rated the stock — most recently Tesla mega-bull Dan Ives at Wedbush Securities.
Quantum computing stocks kept rallying in overnight trading. QUANTUM CORP soared 11%, Rigetti Computing rose 3%, Quantum Computing Inc. rose 2%.
The quantum computing sector witnessed a thrilling upswing at the start of the trading week, igniting excitement among investors. The burgeoning interest in quantum technology pushed Quantum Computing Inc.’s stock skyward, with shares skyrocketing 65% on Monday.
Despite the fact that commercial applications for quantum computing are still on the horizon, investor confidence continues to build. The potential of quantum technology to disrupt multiple industries, from cybersecurity to pharmaceuticals, has captivated market watchers.
While tangible products may still be a few years away, the speculative fervor surrounding quantum stocks indicates a belief in their transformative possibilities. The coming months will be critical as companies strive to advance their technologies and realize the potential financial gains of early adoption.
As quantum computing continues to be a frontier of technological innovation, the stock market’s response serves as a litmus test for future industry developments. Investors remain eager, eyes fixed on the horizon, watching the growth of what many believe to be the next major technological revolution.
Asana, Inc. rose 3% in overnight trading after soaring 14% in the previous trading day.
Asana offers workplace productivity software -- tools that can help you manage and streamline workflows. These platforms make tasks such as assigning project roles, scheduling meetings, and tracking progress across teams easier.
Nvidia-backed stocks rose in overnight trading. Serve Robotics Inc. rose 3% in overnight trading after soaring 14% in the previous trading day. Recursion Pharmaceuticals, Inc. rose 3% after soaring 7% in the previous trading day.
Destiny Tech100 Inc rose 2.5% in overnight trading.
(Destiny Tech100 is a fund that offers retail investors access to high-profile private startups, and SpaceX is Destiny Tech100's largest holding, making up about 37.6% of the portfolio.)