WednesdayMar 06, 2024 9:00 am

QuantumScape Ends Week on High, Outperforming Broader Market

Solid state lithium metal battery company QuantumScape Corporation (NYSE: QS) recently closed the week on a high of $6.27 per share and 0.64% higher than the previous trading session. QuantumScape shares went up by 0.52% on the S&P 500, 0.9% on the Nasdaq, and 0.12% on the Dow. The recent gains come after QuantumScape shares went down by 8.52% over the past month amid a 12.6% gain in the auto-tires-trucks sector and a 3.85% gain on the S&P 500. As one of the top solid-state battery manufacturers on the globe, QuantumScape has the potential for significant growth. Current lithium-ion electric…

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WednesdayMar 06, 2024 9:00 am

D-Wave Quantum Inc. (NYSE: QBTS) and NEC Australia Introduce Quantum Services to Australian Market

D-Wave and NEC Australia announced two new quantum offerings for Australia's commercial sector, federal and state governments, and academia The companies’ new quantum services aim to optimize business operations and can navigate increasingly large datasets to find solutions to real-world problems New offerings include a quantum consultancy service and access to D-Wave’s Leap(TM) real-time quantum cloud service D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software, and services, and NEC Australia recently announced the introduction of two new quantum services to the Australian market, enhancing the quantum computing offerings available to Australia's commercial sector, federal and state governments,…

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MondayMar 04, 2024 9:00 am

Nikola Sets Ambitious Delivery Target for Hydrogen-Powered Trucks

Nikola Corporation (NASDAQ: NKLA) has announced a target to deliver up to 350 hydrogen-fuel cell electric trucks this year. The Phoenix, Arizona-based alternative energy carmaker is setting its ambitions on delivering more than 350 hydrogen-powered fuel cell trucks to customers by the end of this quarter after cost controls. A recent statement from the company revealed that it was close to returning the battery electric trucks it recalled from customers last August because of fire risks. Fleets can expect to receive their trucks by the end of quarter two of this year or early into the third quarter, Nikola said.…

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FridayMar 01, 2024 9:00 am

Riot Platforms’ Annual Report Sheds Light on Possible Risks of Bitcoin Halving

Bitcoin mining giant Riot Platforms (NASDAQ: RIOT) recently published a report outlining the potential risks of being exposed to cryptocurrency companies plagued with instability. With several cryptocurrency platforms collapsing in recent years, distrust in the nascent crypto sector is at an all-time high. According to Riot’s latest annual report, several risks have the potential to impact the company and disrupt its Bitcoin mining operations. These include a potential reduction in on-chain transition fees, problems in the wider cryptocurrency economy and an anticipated Bitcoin halving event in April. According to Riot, the halving event is particularly risky because it can potentially…

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