Riot Options Volume Jumps as Stock Rallies 10% After Starboard Reportedly Takes Stake

Luzi Ann Santos12:34 ET · Movers

Wall Street is hot on quantum computing stocks, but Google's quantum chip does not actually possess computing power.

Google unveiled its new "quantum chip" Willow this Tuesday, causing its parent company Alphabet and related Stocks to surge significantly this week. However, Analysts indicate that quantum computing is still a long way from any commercial use and advise investors not to get overly excited due to the recent rise.

wallstreetcn18:28 ET

Alphabet's Options Volume Triples as Shares Rise After Google Unveils Quantum Chip

Luzi Ann SantosDec 10 13:41 ET

Google Cloud Could Be a Surprise Winner in the AI Spending Race

Barron'sDec 11 17:02 ET

The Nasdaq fell to 0.02 million points, Adobe plummeted more than 13%, the China concept Index rose against the trend, and Bitcoin dropped below 0.1 million dollars.

In November, USA PPI inflation exceeded expectations, with the market betting on a pause in interest rate cuts in January next year. The Dow has fallen for six consecutive days, with NVIDIA experiencing the largest drop of 2.5%. Tesla, Meta, Google, and Amazon have moved away from their highs, uranium mining stocks have declined, but Apple reached a new high. Broadcom rose nearly 5% in after-hours trading, and Chinese stocks Baidu and PDD Holdings increased by over 1%. Bond yields in Europe and the USA have risen significantly, and after the European Central Bank cut interest rates, the euro fell to a one-week low, before rebounding. The dollar reached a two-week high, while the offshore yuan once rose over 200 points, breaking through 7.26 yuan. Commodities generally fell, with spot gold down over 2% and spot silver down over 4% during the session.

wallstreetcn18:24 ET

Google Gemini: Everything You Need to Know About the Generative AI Models

TechCrunch17:59 ET