Shares of quantum computing-related companies are trading higher amid possible sympathy with space-related stocks ahead of SpaceXs IPO on Friday. Several quantum computing companies operate in space, and the technology may help meet computing needs.
Shares of companies in the broader industrial sector are trading lower amid elevated oil prices following President Trumps military threats to Iran, which may risk inflation and high interest rates that could hurt demand.
Shares of semiconductor and chip companies are trading lower as oil prices gain after President Trumps threat of more Iran strikes. Also, data showed U.S. May core CPI reached 2.9% year-over-year, and the implications for elevated interest rates may hurt confidence in the sector due to the borrowing needed to fund growth.
Shares of software and AI cloud-related companies are trading lower amid possible sympathy with Oracle after the company reported Q4 financial results and announced a $40 billion financing plan for FY27. The financing needs to fund aggressive capex spending may be giving investors pause.
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