Stock Movers Tesla Dips; IBM Falls; Quantum Computing Stocks Rally
Oct 23, 2025
Profit pressure hits Tesla despite record vehicle sales, as rising costs and Musk's future ambitions raise investor concerns. IBM shares tumble after disappointing growth in its Red Hat unit amid AI worries. In contrast, quantum computing stocks surge on news of potential federal funding agreements. Honeywell showcases strength in aerospace with impressive growth and plans for a mid-year spin-off. Tune in for insights on these market movers and the shifting landscape in tech and innovation.
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Rising Costs Undermine Tesla's Record Sales
- Tesla reported record vehicle sales but operating profit fell 40% year-over-year due to rising costs and lower regulatory credit revenue.
- Elon Musk highlighted ambitious AI and humanoid robot projects without clear cost or timeline updates, worrying investors.
Red Hat Slowdown Clouds IBM's AI Story
- IBM beat on overall revenue but its Red Hat hybrid cloud unit slowed, with sales up 14% versus an expected ~16%.
- The slowdown sparked investor concern because Red Hat is central to IBM's AI and cloud growth story.
Government Interest Sparks Quantum Stock Rally
- Quantum computing stocks jumped after reports the Commerce Department may take equity stakes in firms in return for federal funding.
- The move signals government interest in technologies that could hugely boost data-center efficiency for AI workloads.