Billion Dollar Club Archives - Page 20 of 30

FridayApr 05, 2024 9:00 am

QuantumScape Corp. Starts Making Deliveries of Battery Prototypes

Recently, QuantumScape Corp. (NYSE: QS) announced that it had begun shipping its latest battery prototype in accordance with this year’s objectives. This marks an important step in the company’s journey toward the commercialization of its QSE-5 battery cell. The battery prototypes, Alpha-2 battery cells, represent an evolution from the A0 prototypes that were sent to consumers for automotive qualification at the end of 2022. One of its clients, PowerCo, confirmed that QuantumScape’s solid state cell significantly outdid the requirements in the A-sample test and completed more than 1,000 charging cycles. For an electric vehicle with a range of 500–600 kilometers…

WednesdayApr 03, 2024 9:00 am

Fisker Future Shaky as NYSE Halts Trading of Shares

Last week, Fisker Inc. (NYSE: FSR) shares were halted on the NYSE after the stock exchange announced that the auto-manufacturer’s stock would be delisted because of low price levels. This comes after the company gave a warning in its latest earnings report that it may not have enough funds to survive 2024. According to a filing Fisker made with the United States Securities and Exchange Commission, delisting will require it to pay off debts due in 2025 and buy back bonds due in 2026. Earlier this month, the EV company had announced that it was in talks with a major…

MondayApr 01, 2024 10:30 am

D-Wave Quantum Inc. (NYSE: QBTS) Announces Upcoming Fourth Quarter Financial Results and Conference Call

D-Wave will release its financial results for the fourth quarter and fiscal year 2023 before market open on Thursday, March 28, 2024 D-Wave will host a conference call on March 28, 2024, at 8:00 a.m. (Eastern Time) to address the company’s financial performance and strategic outlook CEO Alan Baratz and CFO John Markovich will participate in the conference call discussion D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software, and services, recently announced the scheduled release of its financial results for the fourth quarter and fiscal year 2023, which concluded on December 31, 2023. The release is set…

MondayApr 01, 2024 9:00 am

Alibaba Cloud Announces Training Facility in Dubai

Earlier this week, Alibaba Group Holding Ltd. (NYSE: BABA) officially launched a training facility in Dubai. The training center, under the Alibaba Cloud umbrella, will operate as the digital technology and intelligence backbone of the multinational technology company, which specializes in e-commerce, retail, internet and technology. Alibaba Cloud is situated in Dubai Internet City, an international technology ecosystem that is part of TECOM Group’s portfolio of businesses in Dubai. TECOM’s other projects include Dubai International Academic City, Dubai Media City, Dubai Production City, Dubai Design District (d3), Dubai Knowledge Park, Dubai Studio City, Dubai Industrial City and Dubai Science Park.…

WednesdayMar 27, 2024 9:00 am

JPMorgan Highly Bullish on Riot Platforms as Bitcoin Halving Looms

With the upcoming Bitcoin halving event fast approaching, JP Morgan is betting on vertically integrated Bitcoin mining company Riot Blockchain Inc. (NASDAQ: RIOT). This is good news for the Bitcoin infrastructure innovator as the platform and other companies in the segment such as Marathon Digital Holdings have trended downward for the past month. JPMorgan’s highly bullish sentiment on Riot Platforms’ stocks is a good sign of its growth prospects. Bitcoin halving is an event where the cryptocurrency’s mining reward is cut in half. As per Bitcoin’s creators' wishes, it takes the blockchain network around four years to open 210,000 additional…

MondayMar 25, 2024 9:00 am

NIO Inc to Unveil Mass Market Electric Vehicle in May

Nio Inc. (NYSE: NIO), a multinational automobile manufacturer based in China, recently revealed its plans to launch a mass-market electric vehicle. The company, which specializes in the design and development of high-end sedans and SUVs, wants to center its new brand on the wider consumer market, with a focus on families. The new brand, dubbed Le Dao, is expected to launch in the second quarter with its first product launch in the third quarter. Large-scale deliveries are set to begin in the last quarter of the year. Nio, founded in November 2014, provides premium cars with additional services such as…

FridayMar 22, 2024 9:00 am

D-Wave Expands Executive Team to Bolster Growth, Execution

Earlier this week, D-Wave Quantum Inc. (NYSE: QBTS) announced that it was making new appointments to its team to advance product innovation and growth strategy. The company, a leader in quantum computing systems, services and software, is the first commercial supplier of quantum computers globally. The new appointments include Dr. Trevor Lanting’s promotion to chief development officer and Lorenzo Martinelli’s appointment as the firm’s chief revenue officer. As chief development officer, Lanting will be in charge of leading the conpany’s product innovation roadmap, which includes its full stack of quantum computing software and hardware solutions. Lanting has more than 15…

ThursdayMar 21, 2024 9:45 am

D-Wave Quantum Inc. (NYSE: QBTS) Announces Go-to-Market Growth Strategy and Upcoming Participation in 36th Annual Roth Conference

D-Wave’s new go-to-market (“GTM”) growth strategy, initially focused on key verticals, including logistics, manufacturing, and government, is expected to accelerate the adoption and deployment of commercial quantum technologies The GTM approach reinforces the value of the company’s unique annealing quantum computing solutions, which help organizations solve highly complex computational problems today According to Hyperion Research, over 80% of enterprises are expected to increase their investments in quantum computing over the next two to three years, with logistics and supply chain management identified as top sectors to benefit from quantum computing capabilities D-Wave Quantum (NYSE: QBTS), a leader in quantum computing…

WednesdayMar 20, 2024 9:00 am

Mixed Investor Reactions as Lucid Motors Partners with NeueHouse

Last week, Lucid Motors (NASDAQ: LCID) announced that it had entered into a partnership agreement with NeueHouse, a company that offers private offices as well as collaborative workspace, meeting and event spaces. The partnership officially began on Feb. 23, 2024, at NeueHouse’s Madison Square 10x10 House Party. The American manufacturer of luxury electric vehicles saw its shares drop by 5% following the announcement, which may indicate rising concern among its investors. Lucid’s first car, Lucid Air, is a state-of-the-art luxury sedan with a design inspired by California. According to the company’s official press release, the move to partner with NeueHouse…

MondayMar 18, 2024 9:00 am

Fisker Courts Nissan for a Partnership, and Cash

Fisker Inc. (NYSE: FSR), an EV manufacturing firm based in the U.S., recently announced that it was in talks with Nissan. This comes a day after the firm’s CEO announced that they were involved in talks of capital infusion from another car manufacturer. The CEO, Henrik Fisker, also gave a going-concern warning, which suggests stress in a market whose consumer demand seems to be dwindling while growth slows down. In addition to this, the EV company announced plans to reduce its workforce by 15%, reporting that its earnings were lower than expected. Further, the firm revealed that it was experiencing…

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Category: Billion Dollar Club