Stock Movers Quantum Computing Lower, Fiserv Jumps, Exelixis Soars
Jun 23, 2025
Delve into the intriguing world of quantum computing as one company faces a stock downturn after a significant private placement. Meanwhile, Fiserv is making waves with its plans to launch a stablecoin, which could revolutionize financial transactions. And in a thrilling turn, Exelixis witnesses a remarkable stock surge following promising results in cancer therapy trials. The podcast offers insightful perspectives on these dynamic market movements and their implications for the future.
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Quantum Computing's Market Reality
- Quantum Computing (QUBT) stock declined 9% after a $200 million private placement agreement despite strong 2023 gains.
- Quantum technology promises massive processing power but faces long timelines and high costs for practical deployment.
Fiserv Embraces Stablecoins
- Fiserv (FI) shares rose over 2% after announcing plans to launch a stablecoin and platform for clients.
- The platform aims to connect with 10,000 financial institutions and millions of merchants, signaling growing crypto integration in traditional finance.
Exelixis Cancer Drug Optimism
- Exelixis (EXEL) shares surged over 12% following positive topline results for its metastatic colorectal cancer treatment.
- Analysts are optimistic about a potential first regulatory approval based on improved patient survival data.