Stock Movers Coinbase Jumps, On Rises, Rigetti Falls After Sales Miss
May 13, 2025
Coinbase's shares soar as the company prepares to join the S&P 500, marking a significant milestone for cryptocurrency's acceptance in mainstream finance. On Holding also celebrates a sales surge, fueled by soaring demand for its high-end sneakers and an optimistic growth forecast. In contrast, Rigetti faces a rough patch, with shares plummeting after disappointing revenue results and declining margins, highlighting the struggles faced in the quantum computing sector. These contrasting stories showcase the volatility and opportunity within today's stock market.
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Coinbase Joins S&P 500
- Coinbase's addition to the S&P 500 marks a milestone for crypto's mainstream acceptance.
- This inclusion may boost passive fund purchases by about 35 million shares in days.
On Holding's Sneaker Popularity
- On Holding's strong sales growth is driven by high demand for pricey sneakers worldwide.
- Isabel personally experienced the brand's popularity by buying their sneakers in France due to New York store queues.
Rigetti's Quantum Computing Challenges
- Rigetti's quantum computing revenue missed expectations with declining margins, highlighting tech development challenges.
- The company secures contracts but faces volatility as quantum computing is still in R&D mode.