Quantum Computing Grants; WalMart Reports; Nvidia Blowout
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- IBM (IBM) shares are moving on news he Trump administration has agreed to award $2 billion in grants to quantum computing companies, including $1 billion to International Business Machines Corp., the Wall Street Journal said, citing the US Commerce Department.
- Walmart (WMT) shares are on the move after reporting earnings. It reported solid sales growth, with comparable sales in US stores rising, excluding fuel, in the latest quarter. The company's focus on low prices, fast delivery, and wide assortment has helped it gain market share across income levels.
- Nvidia (NVDA) shares are lower despite an earnings blowout. It says it aims to rely less on giant data center operators and predicts other businesses and governments will become a bigger source of revenue for its chips and computing products to support artificial intelligence ambitions.
See omnystudio.com/listener for privacy information.
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