Quantinuum Inc (QNT) News & EventsQNTNews & EventsQuantinuum Inc

Dow Jones Index Dips Slightly as CPI Report Meets Expectations

The major averages finished mixed after the Dow reversed late in the day, with continued doubts over the U.S. and Iran arriving at a lasting resolution to the war anytime soon.Meanwhile, the CPI report came in exactly in line with expectations. Consumer prices rose 0.1% month over month and 3.4% year over year, down from 3.5% in June, while core CPI rose 0.2% monthly and 2.5% annually. The combination of softer employment and contained core inflation could strengthen the case for eventual easing. That said, inflation remains well above the Fed's 2% target, and rising oil prices could put renewed upward pressure on headline inflation in coming months.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:CoreWeaveprovided areport for Q2Super Microreportedand provided upbeat FY27 guidanceGoldman SachsNeos Investments for up to $2.25B in a cash and stock dealBrinkerreportedbut provided upbeat FY27 guidanceThe Intercept and the Freedom of the Press Foundation said they haveand his staff over Trump Media'splan to monetize the president's Truth Social posts2. WALL STREET CALLS:DaiwaMerckto Outperform on pipeline successGapto Hold at JefferiesOktato Outperform at CitizensBending Spoonsto Underperform at BofASimilarwebto Outperform at Northland on growing deal pipeline3. AROUND THE WEB:Canadian officials are considering a proposal that would have Ottawa accept U.S. auto tariffs in exchange for cutting levies for vehicles compliant with USMCA, Globe & Mail reportsApplehas hired American Airlinesexecutive Nate Gatten as its new head of government affairs, Bloomberg reportsNelson Peltz's Trian Fund Management preparing take-private bid for Wendy's, Financial Times reportsParamountmay move out of Hollywood as soon as October if it makes no progress toward settling the antitrust suit California and 11 other states brought to block its acquisition of Warner Bros. Discovery, WSJ saysGeneral Motorsis establishing a $4.5B supply chain financing program to pre-fund purchases of high-risk components and help suppliers maintain inventory, aiming to prevent future parts shortages and production disruptions, WSJ reports4. MOVERS:ERockgained afterand providing guidance for FY26H&R Blockadvanced afterand raising its quarterly dividend by 10%Nebiusand Quantinuumwas higher afterUnited States Antimonyfell afterand cutting its guidance for FY26Borr Drillingand National Visionwere lower after5. EARNINGS/GUIDANCE:Cava Groupreported upbeat Q2 results and reiterated its FY27 outlookPerformance Food Group, with CEO Scott McPherson commenting, "Our solid execution throughout the year produced a strong finish to fiscal 2026"Trimbleand raised its outlook for FY26Marex Group, with EPS and revenue beating consensusValens Semiconductor, provided guidance for Q3, and raised its outlook for FY26INDEXES:The Dow fell 21.58, or 0.04%, to 53,770.27, the Nasdaq gained 143.04, or 0.54%, to 26,588.49, and the S&P 500 advanced 20.30, or 0.26%, to 7,748.50.

Quantinuum Partners with Oracle for Quantum Computing

Welcome to the latest edition of "Quantum Leap" where The Fly decodes news and activity in the quantum computing space.HYBRID QUANTUM-AI INFRASTRUCTURE:Quantinuumand Oracleentered a multi-year strategic partnership to bring quantum computing to Oracle Cloud Infrastructure. Under the partnership, OCI customers will be able to directly access Quantinuum's Helios through OCI's quantum service, alongside OCI's high-performance computing and GPU infrastructure. Together, Quantinuum and Oracle plan to explore how hybrid quantum-AI infrastructure could address some challenges facing enterprises and broaden access for universities and research institutions advancing scientific discovery and education. The partnership reflects a shared vision that the future of enterprise computing will be built on the convergence of AI, classical supercomputing, and quantum computing.ANNEALING QUANTUM COMPUTERS:D-Wave Quantumhas been awarded up to C$300,000 in funding from the National Research Council of Canada's Applied Quantum Computing Challenge program to advance annealing quantum computing software for commercial applications. In collaboration with the NRC, D-Wave's team located at its Quantum Centre of Engineering Excellence in Burnaby, British Columbia, will develop next-generation software and algorithms to help organizations solve larger, more complex optimization problems on D-Wave's Advantage annealing quantum computers. The project will create new graph minor-embedding algorithms for D-Wave's Zephyr topology and integrate them into the company's open-source Ocean software development kit.GRID CONTINGENCY:Infleqtionnoted that Eatonselected the company to support new research evaluating how quantum computing can improve the resilience of the U.S. electrical grid. As part of an Eaton award from the Air Force Research Laboratory, Infleqtion received a subcontract to apply quantum computing hardware to support grid contingency analysis. Infleqtion and Eaton aim to advance reliability analysis used by utilities to predict and prevent cascading power outages.LAWSUIT:Quantum Cyberannounced that it has filed a complaint in the Supreme Court of the State of New York, County of New York, against White Diamond Research, Adam Gefvert and Stocktwits. The complaint asserts causes of action for market manipulation and conspiracy to commit market manipulation under New York General Business Law Section 339, and for defamation, seeking damages over $5.69M, together with exemplary damages. The company said, "As alleged in the complaint, on or about June 29, 2026, White Diamond published a report concerning the Company that contained false, misleading, and disparaging statements about the Company's business and its Chief Executive Officer. The complaint alleges that White Diamond markets itself publicly as "an Independent institutional-grade research" firm, while burying on a tertiary webpage on its own site it discloses that White Diamond "along with its clients, affiliates, and related entities, may have a short position in the securities discussed and stand to realize significant gains in the event that the price of the stock declines." The complaint further alleges, that both White Diamond and Mr. Gefvert likely profited from the effects of the report through short positions in QUCY. The complaint further alleges that Stocktwits, which the Company had retained to disseminate its business and press releases, made a deliberate editorial decision to publish and amplify the White Diamond report through the "News" section of its platform to its more than five million registered users, and subsequently pushed the content onto Apple Stocks and Yahoo! Finance, making it available to hundreds of millions of additional readers. According to the complaint, at no point in its publication, dissemination, or accompanying commentary did Stocktwits or its staff writer include any disclaimer regarding White Diamond's position as a proprietary short-selling market participant. The complaint alleges that this omission led readers to the false impression that White Diamond was an independent research firm with no financial interest in a decline in QUCY's share price, and that Stocktwits published the report with reckless disregard for its truth or falsity."GOVERNMENT CONTRACTS:IonQwas awarded a $28M contract extension through the Defense Advanced Research Projects Agency, or DARPA, It's About Time program. Under the program, IonQ will advance its scalable clock production capabilities for its Evergreen-05 optical atomic clocks and deliver 125 units to U.S. government customers. The clocks are designed for mission-critical applications including radar, secure communications, and precision geolocation. Originally developed under DARPA's Robust Optical Clock Network program, IonQ's Evergreen-05 is a compact, fully integrated optical atomic clock with a 5-liter, shoe box-sized form factor. It delivers timing stability of 50 femtoseconds at one second and nanosecond holdover over 10 days-projecting to a timing error of less than one second over 30M years. The company also reported that Capella, an IonQ company, has been awarded a contract under the National Reconnaissance Office's, or NRO, Radar Commercial Augmentation program. Under the contract, the company will provide commercial synthetic aperture radar imagery and data services in support of U.S. national security missions. Through the RCA program, Capella will provide commercial radar imagery and data services.ANALYST COMMENTARY:Bernstein raised the firm's price target on Quantinuum to $95 from $94 and reiterated an Outperform rating on the shares. The company reported Q2 earnings after the market closed on Tuesday beating consensus on revenue and EPS and raising full year revenue guidance but missing slightly on Adjusted EBITDA. The results also included the IPO related costs including SBC that was triggered by the IPO. The stock was down slightly in the aftermarket. But the Quantinuum story is less about the near term numbers and more about the company's ability to deliver their fourth and fifth generation quantum computers on schedule, Bernstein added.Jefferies lowered the firm's price target on Rigetti Computingto $18 from $20 and maintained a Hold rating on the shares following Q2 results. The firm remains constructive on long-term progress, but maintained a Hold rating as execution against near-term fidelity targets is still needed, the analyst told investors in a post-earnings note.Roth Capital cut its price target on D-Wave Quantum to $30 from $40 and kept a Buy rating on the shares. D-Wave Quantum noted growing commercial traction in its QCaaS business and expanding system sales pipeline, with performance advantages and a broad annealing and gate-model offering supporting its competitive positioning, the analyst noted.Morgan Stanley boosted its price target on IonQto $49 from $48.50 and affirmed an Equal Weight rating on the shares. Q2 results showed strong commercial momentum, with Tempo deployments driving upside and RPO expanding, the analyst told investors.Canaccord lowered the firm's price target on Xanadu Quantumto $34 from $45 and backed a Buy rating on the shares. The firm noted they posted their second quarter since going public and said its revenue growth was driven primarily by DARPA Stage B program revenue, though it declined sequentially from $2.8M on lower grant revenue in the quarter. Canaccord said its long-term thesis on Xanadu remains intact. Xanadu is the only public pure-play photonic quantum computing company.

Anthropic Signs $9.1B Data Center Deal with Riot

Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this daily recap compiled by The Fly.COMPUTING DEAL:Anthropic has signed a $9.1B, 191MW data-center capacity deal with Riot Platformsthrough June 2048, with an extension option that could raise total contract value to $16.1B, Bloomberg's Shirin Ghaffary, citing people familiar with the matter. Riot disclosed on Monday that it had secured a 20-year deal to supply 191 megawatts of capacity from its Rockdale, Texas, campus to a "leading frontier AI" company, and sources say that company is Anthropic.MULTI-YEAR STRATEGIC PARTNERSHIP:Quantinuumand Oracleannounced a multi-year strategic partnership to bring quantum computing to Oracle Cloud Infrastructure. Under the partnership, OCI customers will be able to directly access Quantinuum's Helios, the most accurate commercial quantum computer in the world, through OCI's quantum service, alongside OCI's high-performance computing and GPU infrastructure. Together, Quantinuum and Oracle plan to explore how hybrid quantum-AI infrastructure could address some of the most computationally intensive challenges facing enterprises and broaden access for universities and research institutions advancing scientific discovery and education. The partnership reflects a shared vision that the future of enterprise computing will be built on the convergence of AI, classical supercomputing, and quantum computing. Many complex problems across materials discovery, drug development, logistics, energy, and financial modeling already push the limits of today's computing architectures.DAYBREAK:OpenAIthat, "Earlier this year, OpenAI frontier models and Codex became generally available on AWS, giving enterprises a new path to bring advanced AI into production. Today, we're sharing the next step in our work with AWS: making Daybreak capabilities available through Amazon Bedrock. With Daybreak Access, defenders can use frontier cyber models within their existing AWS environments. Daybreak Blue and Daybreak Red access levels are both available in AWS: Daybreak Blue provides access to frontier general-purpose models, including GPT-5.6 Sol, with safeguards tailored to authorized defensive security work. Daybreak Red provides access to our purpose-trained cybersecurity models for authorized vulnerability research, exploit validation, and security testing. These models help accelerate vulnerability research, detection engineering, and incident response, from initial discovery through a validated fix. They also support complex workflows such as exploit reproduction and mitigation development."AI CLOUD DEALS:In ato shareholders, Nebiusfounder and CEO Arkady Volozh said that the company closed its largest AI Cloud deals on the strongest terms to date, "at prices that represent a step-change in the economics of our business." The company added that new pricing initiatives in early Q3 "such as our first-ever auction and short-term capacity deals - are showing promise. We see a price opportunity in the $40-50 million per MW range and we signed our first one this week. Overall deal economics strengthened, with 70% of deals including prepayments, covering 50-60% of the associated capex. Together, the expected payback period for the associated capex and related operating costs for Q2 deals is 1 year and 10 months, down from our two-to-three year payback period previously. We could sell our entire 2027 capacity on these terms today. We are deliberately not doing so because we see higher value in retaining some capacity for immediate customer needs."REPLACING LEGACY TOOLS:The Department of Agriculture has tapped C3 AIas it aims to replace costly legacy tools, The Information's Laura Bratton. C3's correspondence management software helped the agency use AI to sort through and respond to a backlog of roughly 2,000 unanswered in just two months.