Quantum computing firm IonQ jumped 12% in premarket trading after successfully testing a real-time quantum error correction decoder. The system operates on a single commercial CPU and supports simulations of up to 408 logical qubits with over 31.5 million quantum operations, marking a significant technical milestone for the sector.
Michael Burry has significantly increased short positions against Micron Technology, Nebius, and Palantir, citing expected price pressure from new memory supply releases. In broader AI developments, Anthropic is negotiating to lease up to 1 gigawatt of compute capacity directly from an Apollo Global Management-backed data center developer to reduce costs by bypassing cloud providers, while JPMorgan reiterated an Overweight rating on Meta with an $820 target, calling its Muse AI agent potentially the most widely used AI application since ChatGPT.
Precious metals retreated as spot gold fell 1.06% to $4,312 per ounce and silver dropped 3.03% to $65 per ounce. U.S. stock index futures also turned lower, with Dow futures down 0.31%, S&P 500 futures off 0.12%, and Nasdaq 100 futures declining 0.27%.
IonQ Surges 12% on Quantum Breakthrough as 'Big Short' Bets Against Micron
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