Billion Dollar Club Archives - Page 6 of 28

FridayJan 10, 2025 8:00 am

Rivian Shares Soar After Fixing Production Problems

Rivian Automotive Inc. (NASDAQ: RIVN) has seen a big jump in its stock price. The company recently announced strong sales in the last quarter of 2024 and shared good news about fixing its production issues. These updates have made investors excited about Rivian’s future. In the fourth quarter of 2024, Rivian delivered 14,183 vehicles. This was much higher than the 12,700 vehicles that experts had predicted. These deliveries included Rivian’s popular R1T pickup trucks, R1S SUVs, and delivery vans for Amazon. For the entire year, Rivian produced 55,400 vehicles. This achievement brings the company closer to reaching its long-term goals.…

FridayJan 10, 2025 8:00 am

D-Wave Quantum Inc. (NYSE: QBTS) Completes Second SOC 2(R) Type 2 Audit, Confirming Commitment to Rigorous Data Privacy Standards

Established by the American Institute of Certified Public Accountants and recognized worldwide, the SOC 2 Type 2 examination is designed for organizations of any size, regardless of industry and scope, to ensure the personal assets of their potential and existing customers are protected. SOC 2 Type 2 compliance is part of D-Wave’s ongoing efforts to support customers’ production deployments of quantum and hybrid-quantum applications. The company completed its first SOC 2 Type 2 audit in December 2023 and plans to perform these assessments every year. D-Wave Quantum (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software and services, and the…

TuesdayJan 07, 2025 9:30 am

D-Wave Quantum Inc. (NYSE: QBTS) CEO Dr. Alan Baratz Discusses Rapidly Increasing Commercialization of Quantum Computing on Fox Business

During a recent interview on Fox Business’ Making Money with Charles Payne, CEO Dr. Alan Baratz said that D-Wave has taken a different approach, allowing it to move faster and begin providing commercial quantum solutions. D-Wave has the largest quantum computers in the world and is the first to support real business applications in production. D-Wave Quantum (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software and services, and the first commercial provider of quantum computers, announced recently that its CEO Dr. Alan Baratz was interviewed on Fox Business’ Making Money with Charles Payne, discussing the state of the…

TuesdayJan 07, 2025 8:00 am

Lucid Unveils Advanced AI Voice Chat in its EVs

Lucid Motors (NASDAQ: LCID) has introduced a groundbreaking feature in its electric vehicles (EVs): the ‘Lucid Assistant.’ Powered by SoundHound AI's innovative Chat AI technology, this advanced voice assistant aims to revolutionize how drivers interact with their cars. The Lucid Assistant is designed to make driving safer and more convenient. With simple voice commands activated by saying “Hey Lucid,” drivers can control essential vehicle functions like navigation, access the full car manual, and get real-time information. This hands-free interaction allows drivers to focus on the road while still accessing vital features. What sets the Lucid Assistant apart is its ability…

FridayJan 03, 2025 8:00 am

What Coinbase’s Stock Surge Could Mean for the Broader Crypto Industry

In a surprising development, Coinbase Global, Inc. (NASDAQ: COIN) has seen its stock price skyrocket, capturing attention across the financial world. This surge comes as a pleasant surprise for investors who had grown cautious due to the unpredictable nature of cryptocurrency markets. More than just a win for Coinbase, this rally signals broader implications for the crypto industry. The sudden increase in stock from Coinbase is closely linked to the comeback within cryptocurrency market. Popular digital currencies like Bitcoin and Ethereum have seen increased trading activity, with investors showing renewed confidence. This activity has boosted Coinbase’s revenue as the platform…

ThursdayJan 02, 2025 8:00 am

Alibaba, E-Mart from South Korea Plan Joint e-Commerce Venture Worth Billions

Alibaba Group Holding Ltd. (NYSE: BABA), one of the world’s largest e-commerce companies, is partnering with E-Mart, a leading retailer in South Korea, to create a major new business. Together, they plan to merge their online platforms, AliExpress Korea and Gmarket, into a joint e-commerce venture. Each company will own 50% of the partnership, making it an equal collaboration. This venture is expected to launch next year. Interestingly, while the two companies are joining forces, AliExpress Korea and Gmarket will still operate separately. According to E-Mart’s parent company, Shinsegae Group, the goal is to enhance Gmarket’s services and improve the…

FridayDec 27, 2024 8:00 am

Rumble Stock Dips 11%, Insiders Seem to Have Made a Right Call by Selling Early

Rumble Inc. (NASDAQ: RUM) stock has dropped 11% in value over the past week, leading to a significant market valuation decrease of $255 million. However, company insiders appear to have avoided the pain of this loss by selling their shares earlier at a much higher price. Over the past year, Rumble insiders sold $6.1 million worth of shares at an average price of $6.07 per share. The most notable sale came from Robert Arsov, Rumble’s Lead Independent Director, who sold $711,000 worth of shares at around $7.02 per share. Arsov sold a total of a million shares over the year.…

ThursdayDec 26, 2024 8:00 am

QuantumScape CFO Sells Over 50,000 Company Shares, Triggering Speculation

QuantumScape Corp. (NYSE: QS)’s Chief Financial Officer Kevin Hettrich recently sold over 50,000 shares of the company, generating $281,017.35 in the process. The news has caught the attention of investors and sparked a series of questions about what it might mean for the future of the battery technology leader. Even after this significant sale, Hettrich retains ownership of over one million shares, valued at more than $5 million. While it’s not uncommon for company executives to sell their stock, the size of this transaction and its timing have raised eyebrows. Was this a routine personal decision, or does it hint…

FridayDec 20, 2024 8:00 am

Nio Inc. Sees 4,400 of its New EVs Get Auto Insurance in China in One Week

Nio Inc. (NYSE: NIO), a leading electric vehicle (EV) company in China, saw a strong rise in insurance registrations for its cars last week. Between December 9 and December 15, 2024, 4,400 Nio vehicles were registered for auto insurance. This marks an increase of nearly 19% compared to 3,700 registrations the week before. This boost shows that demand for vehicles from Nio is growing as the company approaches its delivery goals for the year. The company's sub-brand, Onvo, also recorded a notable increase. Onvo had 1,700 insurance registrations last week, an 18.88% rise from the previous week. Nio delivered 20,575…

ThursdayDec 19, 2024 8:00 am

How Nikola Corporation Could Be Impacted by the Trump Presidency

Nikola Corporation (NASDAQ: NKLA), a company that makes hydrogen fuel cell and battery-powered trucks, is at a critical point. The Phoenix-based company has faced challenges in recent years, but things could become even harder if Donald Trump wins the presidency in 2024. Trump’s policies might create a tough environment for green energy businesses like Nikola, raising concerns about its survival. Under President Joe Biden, Nikola and other clean energy companies have received strong support. Policies like the Inflation Reduction Act (IRA) and the EPA Clean Ports Program have provided incentives for businesses to switch to cleaner energy options. These policies…

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Category: Billion Dollar Club