Billion Dollar Club Archives - Page 18 of 30

MondayMay 13, 2024 9:00 am

Nikola Corp. Shares Jump as Company Secures Supplies to Meet Annual Target

Electric-vehicle manufacturer Nikola Corporation (NASDAQ: NKLA) announced late last week that it had secured sufficient supplies of needed components to make good on its target to deliver 300–500 Tre battery fully electric trucks in 2024. This news caused the company’s shares to surge by at least 7%. The company, which started production of its EVs toward the end of March, revealed that it had shipped 11 trucks last month, notching its first shipments to clients. The truck manufacturer says its suppliers had made commitments to deliver all the components it needs during the manufacturing process this year despite the geopolitical…

FridayMay 10, 2024 1:30 pm

D-Wave Quantum Inc. (NYSE: QBTS) to Announce Financial Results for First Quarter of Fiscal Year 2024

D-Wave will release its financial results for the first quarter of fiscal year 2024 ending March 31, 2024, on Monday, May 13, 2024, before the market opens D-Wave will host a conference call the same day at 8 a.m. EDT to discuss the financial results The company continues to demonstrate progress with its quantum computing product innovations, including the recent fast-anneal feature D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software, and services, recently announced that the company will release its financial results for the first quarter of fiscal year 2024 ending March 31, 2024, on Monday, May…

FridayMay 10, 2024 9:00 am

Riot Platforms Sees Q1 Earnings Rise Despite Drop in BTC Mined

In its Q1 2024 earnings report, Riot Platforms Inc. (NASDAQ: RIOT), a mining company specializing in mining Bitcoin, revealed that its first quarter revenue was in excess of $79.3 million. This revenue increase is modest when compared to the earnings for the same quarter last year, which saw the company bag $73.2 million. It should be noted that the growth in earnings came against the backdrop of reduced BTC mined. In Q1 2023, the company mined 2,115 BTC while the number dropped to 1,364 BTC in the just-ended quarter. Logically, one would expect revenue to drop if the itcoins mined…

WednesdayMay 08, 2024 9:00 am

Nio Inc. April Deliveries Double, Push Shares Up 20%

Nio Inc. (NYSE: NIO), a pioneer in the premium small-electric-car market, recently saw its shares jump by 20%. A significant increase in vehicle deliveries in April was the catalyst, with shares listed on the Hong Kong market reaching 44.20 Hong Kong dollars. This represents a 23% rise and is its highest level in more than six weeks. The increase also bolstered the Hang Seng index, which rose 2% by midday trading. In its statement, Nio revealed that it delivered 15,620 cars last month. This represents a more than 134% year-on-year increase. Nio added that the deliveries comprised of 6,803 and…

MondayMay 06, 2024 9:00 am

Quantum Computing Could Make Genomic Analysis Hyper-Fast

Leading experts in the fields of genomics and quantum computing have teamed up to create new methods and algorithms for processing biological data using next-generation computing. For many genome experts, mapping out the human genome is a dream that has been out of reach since the genome was first identified. Analyzing and fully mapping the genome and accounting for diversity could superboost the understanding of DNA and lead to the development of personalized medicines. Humanity's limited technological capabilities in the face of something as complex as mapping out the entire human genome has kept us from achieving this lofty dream…

FridayMay 03, 2024 9:00 am

Lucid Air Earns Third Consecutive Award as Best Luxury EV

The Lucid Air has won the U.S. News & World Report’s Best Luxury Electric Car award for the third consecutive time. Launched in 2021, Lucid Motors (NASDAQ: LCID)’s Lucid Air is a four-door luxury sedan designed to compete with premium cars such as the Porsche Taycan and Tesla Model S as well as electric offerings from BMW, Mercedes-Benz and BMW. The Lucid Air was a hit with critics as soon as it hit the market and soon attracted the title of best luxury electric car against competitors such as Tesla and Porsche. With the luxury electric car snagging the title…

ThursdayMay 02, 2024 9:00 am

D-Wave Quantum Inc. (NYSE: QBTS) Announces Fast-Anneal Feature Availability in Leap(TM) Quantum Cloud Service

Fast anneal is expected to impact various quantum computing applications, from advanced scientific research in quantum simulation to AI and solving real-world problems across wide spectrum of industries It expands upon D-Wave’s groundbreaking optimization achievements, utilizing the comprehensive coherent annealing quantum computing provided by D-Wave’s Advantage(TM) systems and the cutting-edge Advantage2(TM) prototype The introduction of the fast-anneal feature is poised to attract both commercial and academic researchers aiming to develop top-tier applications, broaden benchmarking investigations, and correlate heightened coherence with enhanced performance D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software, and services, and the world’s first commercial…

WednesdayMay 01, 2024 9:00 am

Alibaba’s DingTalk Unveils Upgraded AI Assistant

Alibaba Group Holding Ltd. (NYSE: BABA) subsidiary and workplace communication platform DingTalk has unveiled a new artificial intelligence (AI) agent marketplace and an upgraded AI assistant. The new ecosystem has more than 200 agents sourced from a myriad of third-party developers while the upgraded DingTalk AI assistant is now capable of processing up to 500 pages of text as well as videos and images at a time. DingTalk is one of the latest technology companies to incorporate artificial intelligence-powered technology into its operations in recent years. With AI being among the largest trends of the decade so far, every company…

MondayApr 29, 2024 9:00 am

Earth Day Bonanza: Rivian Unveils ICE Vehicle Trade-In Deals of Up to $5,000

In celebration of the recent Earth Day, American electric vehicle manufacturer Rivian Automotive Inc. (NASDAQ: RIVN) is using a novel and unique tactic to encourage consumers to buy its electric cars. The Irvine, California-based automaker recently launched a unique trade-in price cut that would offer buyers up to $5,000 reduction if they traded in select fossil fuel-powered cars for new Rivian R1Ss or R1Ts. This unique discount will allow interested buyers to receive thousands of dollars off their Rivian electric truck purchase when they trade in a gas vehicle, introducing an entirely new means of stimulating electric vehicle purchases to…

FridayApr 26, 2024 9:00 am

Soap Mishap Causes Tesla to Recall Thousands of Cybertrucks

Tesla Inc. (NASDAQ: TSLA) is calling back its Cybertrucks after issues with faulty pedal pads that could cause accelerator pedals to get stuck were noted. Specifically, it was reported that when drivers pressed their feet down on the accelerators, the pads could come off and become trapped in the interior trim, which increased the risk of a collision by leaving the accelerator stuck. This issue is said to have emerged on production lines with soap, as reported by the auto manufacturer to the National Highway Transportation Safety Administration. In the report, Tesla revealed that some changes saw the introduction of…

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Category: Billion Dollar Club