Stock Market Today: Nasdaq 100 Rebounds From OpenAI Scare, T-Mobile Tumbles 12%
The Nasdaq 100 recovers from Thursday's OpenAI-driven selloff while T-Mobile sinks 12% on SpaceX's spectrum deal and the 10-year yield holds near 5.26%.
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Snap stock jumped 7% amid technical momentum and growing AR interest. Explore key support levels, earnings forecasts, and analysis.
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The Nasdaq 100 recovers from Thursday's OpenAI-driven selloff while T-Mobile sinks 12% on SpaceX's spectrum deal and the 10-year yield holds near 5.26%.
Headwinds For The AI Trade Please click here for an enlarged chart of NVIDIA Corp (NASDAQ:NVDA). Note the following: This article is about the big picture, not an individual stock. The chart of NVDA stock
The article compares two specialized hardware companies: Cerebras Systems, which builds AI-accelerating wafer-scale processors and recently achieved profitability with $510M revenue but faces competitive pressure from Nvidia; and IonQ, a quantum computing leader with 202% revenue growth to $130M but still unprofitable with $510M net losses. The author recommends IonQ for 2026 due to its diversified customer base, expanding backlog, and fewer near-term competitive concerns, despite both being speculative early-stage investments.
TD Cowen lifts its Bitcoin forecast to $109,000 but keeps its Strategy price target at $260 on dilution concerns.
T-Mobile stock falls 13%, its steepest drop since 2013, after SpaceX agrees to buy nationwide low-band spectrum for Starlink Mobile.
U.S. stocks rose Friday, led by the Dow and Nasdaq; sentiment hit a five-month low, while Veea and WF Holding surged and T-Mobile fell.