July 2024 - BillionDollarClub

WednesdayJul 31, 2024 9:00 am

QuantumScape, PowerCo Team Up to Manufacture Solid-State EV Batteries for Mass Market

PowerCo, the battery division of Volkswagen Group, and QuantumScape Corp. (NYSE: QS) have inked a partnership that will see the lithium-based, solid-state batteries developed by QuantumScape mass produced by Volkswagen Group’s battery production arm. This strategic collaboration is intended to bolster EV battery safety and performance by quickly bringing to market the novel solid-state batteries. Through this partnership, QuantumScape agreed to give PowerCo a license to manufacture EV batteries based on QuantumScape’s cutting-edge battery technology. PowerCo has been permitted to make approximately 40GWh of these battery cells each year, and the company will be at liberty to ramp up its…

MondayJul 29, 2024 9:00 am

After Recent Price Correction, Could Riot Platforms Now Be a Good Buy?

If you have been watching Riot Platforms (NASDAQ: RIOT) the past few days, you've probably noticed wild price swings. After experiencing this notable stock price correction, the biggest question on everyone's mind is, is the Bitcoin mining company a hidden gem waiting to be scooped up? The company has experienced a rocky year. Its stock has dropped 19.7% since January. This decline stands out when compared to the industry's 21% growth and the S&P 500's 16.1% gain during the same period. Riot's performance is lagging behind that of other cryptocurrency-focused stocks. During the same period, Cipher Mining (CIFR), another Bitcoin…

FridayJul 26, 2024 9:00 am

Analyzing NIO’s Recent Stock Price Rally

Over the past few days, NIO Inc. (NYSE: NIO) has been making headlines with its stock price rally, sparking great interest among investors and analysts alike. As of the latest update, its stock price is $4.65, reflecting an 8.42% decline over the past week. This price fluctuation has prompted both excitement and caution among investors. However, from a wider perspective, the stock has surged by 17.37% over the past three months. The fluctuation stresses the dynamic nature of the Chinese electric vehicle (EV) manufacturer's position in the market and investor sentiment toward electric vehicle (EV) stocks in general. With a…

WednesdayJul 24, 2024 9:00 am

Why Tesla Could Be Losing Dominance in Europe, US Markets

For years now, Tesla Inc. (NASDAQ: TSLA) has been synonymous with electric vehicle (EV) innovation and market dominance. However, this is about to change. The company’s dominance is being challenged in various countries across Europe and the United States even after a stellar performance last year. A recent report from JATO Dynamics revealed how the American multinational automotive company is experiencing declining sales and market share amid growing competition. The data showed that in the first half of 2024, Tesla sales dropped by 8% and 13% in the U.S. and Europe, respectively. Usually, a decrease in sales doesn't mean a…

MondayJul 22, 2024 9:00 am

Quantum Computing Set to Collapse Time Needed During Drug Development

The rapid advancements in quantum computing are revolutionizing the drug-development process by reducing the time it takes to bring new treatments into the market from years to weeks. According to POLARISqb CTO and cofounder, Bill Shipman, company officials extract actionable time in decreasing delivery costs and time. Currently, drug discovery and development take at least 12 years, but with quantum computing, this period will be shortened to mere weeks. What's so fascinating about quantum computing is its ability to simulate complex molecular modeling and simulation with unprecedented accuracy. Molecular modeling and simulations play a critical role in elucidating the interactions…

MondayJul 22, 2024 9:00 am

D-Wave Quantum Inc. (NYSE: QBTS) Adds Second Annealing Quantum Computer in the U.S. and Unveils New Hybrid Quantum Solver

D-Wave introduced its new hybrid quantum solver designed to tackle previously intractable workforce, manufacturing, and logistics optimization problems at its Qubits 2024 conference The new hybrid solver is expected to have a positive impact on a variety of business processes, particularly in workforce, manufacturing, and logistics optimization D-Wave is also deploying a second U.S.-based Advantage(TM) quantum computer at Davidson Technologies’ global headquarters, accessible to D-Wave customers in select countries via D-Wave’s Leap(TM) quantum cloud service D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software, and services, continues to make strides in the development and deployment of quantum computing…

FridayJul 19, 2024 9:00 am

Rivian’s Deal with VW Could Mask Underlying EV Market Issues

Rivian Automotive Inc. (NASDAQ: RIVN) entered into a deal with Volkswagen (VW), a move that has sparked a lot of chatter in the electric vehicle market. The $5 billion deal, after an initial $1 billion investment, aims to codevelop software platforms for both companies' electric vehicles, providing Rivian with much-needed financial support and leveraging VW's extensive manufacturing capabilities and global reach. On the other hand, VW, one of the largest automotive giants, will receive access to cutting-edge software expertise. In an interview with CNBC, Cyrus Mewawalla, head of thematic intelligence at GlobalData, shared that Volkswagen has fallen behind in two…

ThursdayJul 18, 2024 9:00 am

D-Wave Quantum Inc. (NYSE: QBTS) Reveals Findings of Hyperion Research Quantum Optimization ROI Study and Announces Nomination for Technology Impact Awards

Majority of surveyed businesses actively engaged in quantum computing anticipate significant returns on investment (“ROI”) from their quantum optimization efforts Survey also highlights a significant increase in quantum adoption, with 21% of respondents either currently employing or planning to integrate quantum technology into production within the next 12 to 18 months D-Wave has been named a finalist in the GameChanger Ambition category of the upcoming Technology Impact Awards (“TIAs”) by the BC Tech Association D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software, and services, and the world’s first commercial supplier of quantum computers, recently announced the findings…

WednesdayJul 17, 2024 9:00 am

Lucid’s Q2 Sales Set New Record, But Company Still Risks Going Under

Lucid Motors (NASDAQ: LCID), a U.S.-based automotive and technology company, has reached an important milestone in the electric-vehicle (EV) industry. The company delivered a record 2,394 Air sedans in the second quarter of 2024, a 22% increase from the first quarter, setting a significant benchmark. The surge in vehicle sales is attributed to two things: First, the company's strategic decision to reduce the prices of its models earlier this year, with the base model Lucid Air now starting at $69,900, down from around $100,000 at launch. Second, the Lucid Air Sapphire, the company's flagship model, has garnered widespread acclaim for…

MondayJul 15, 2024 9:00 am

Coinbase Staff Imposter Accesses User’s Wallet, Steals $1.7M

Imagine the shock of waking up and realizing $1.7 million has vanished from your crypto account. Well, this is what happened to a Coinbase user this past week. According to reports, scammers posing as Coinbase staff accessed the user's wallet and made away with the funds. But how did this happen? This is a question that has bothered people worldwide. Edge & Node cofounder Tegan Kline, a friend of the user who was scammed, reported that a scammer claiming to be from Coinbase Global Inc. (NASDAQ: COIN) tricked the victim into revealing their seed phrase. Immediately after the call, they…

The exclusive home of the biggest and brightest companies covered by IBN.

Contact us: (310) 299-1717

Month: July 2024