"Up about $1 a share, with over 63 million shares trading hands, Opendoor Technologies ( NASDAQ: OPEN) has been rocketing on news that it will accept cryptocurrency for home purchases. The crypto-payment plan is meant to modernize homebuying and appeal to new tech-savvy customers. As noted by Coin Central, "CEO Kaz Nejatian addressed a question from a social media user about the possibility of using cryptocurrencies for real estate purchases. He confirmed, 'We will. [We] just need to prioritize it.' While the CEO did not provide specifics about which cryptocurrencies would be accepted or a timeline for the integration, this statement was enough to excite investors and spark a rally in the company's stock price.""
"Up about $2 a share on trading volume of 265 million, Rigetti Computing ( NASDAQ: RGTI) is still rallying on speculation that the Trump Administration could take a stake in quantum computing stocks. D-Wave Quantum ( NYSE: QBTS) is up about $2.20 on the day. As noted by Forbes, "The [quantum computing] companies are reportedly vying for federal funding awards intended for promising technology companies. According to the Journal, the companies that agree to the deal could receive funding awards from the federal government worth at least $10 million each.""
"With markets skyrocketing on lower-than-expected inflation, which raises the likelihood of more interest rate hikes, the bulls are out. In fact, some of their top picks of the day include: Plug Power Plug Power ( NASDAQ: PLUG) has been gaining momentum with upgrades. Today, volume is at 31.9 million, which is below its daily average volume of 100 million. However, as we've seen over the last few days, its intraday volume has spiked daily from betwee"
Markets jumped on lower-than-expected inflation, increasing the odds of further interest-rate hikes and fueling bullish investor appetite. Opendoor surged after announcing plans to accept cryptocurrency for home purchases and following insider purchases by co-founder Eric Wu and President Shrisha Radhakrishna. Rigetti and D-Wave rallied on speculation of federal interest and potential funding awards for quantum computing companies. Plug Power showed renewed momentum after upgrades, with current intraday volume below average but recently experiencing repeated daily spikes. Trading volumes cited include about 63 million for Opendoor, 265 million for Rigetti, and 31.9 million for Plug Power.
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