$QBTSBearishLow

Why D-Wave Quantum Stock Just Crashed

D-Wave Quantum’s (QBTS) shares fell about 11% by 11:45 a.m. ET Friday, with no company-specific negative catalyst reported (no earnings miss, analyst downgrade, or price-target cut). The article attributes the drop to a broader “risk-off” selloff in tech, citing declines in Nvidia, Micron, and Bitcoin, and points to investor concerns about Broadcom’s AI-chip sales outlook.

$MSFTLow

Billionaire Investor Bill Ackman: Buying Microsoft, Meta, and Amazon Today Could Be Like Adding Buffett’s Berkshire Hathaway 25 Years Ago

Bill Ackman of Pershing Square said on the All-In Podcast that mega-cap stocks are being undervalued like Berkshire Hathaway was during the dot-com peak. He cited holdings in Microsoft, Meta and Amazon, noting Microsoft’s AI revenue run rate exceeded $37 billion (up 123% YoY) and Meta’s Q1 revenue rose 33.1%. He warned niche software charging about $30,000/year faces AI replication risk.

$PRAXMed

Praxis Precision Medicines (PRAX) Shares Phase 2/3 POWER1 Study Findings

Praxis Precision Medicines (NASDAQ:PRAX) reported Phase 2/3 POWER1 study results on June 2, evaluating vormatrigine for focal onset seizures in a double-blind, placebo-controlled trial that allowed up to three approved anti-seizure drugs. The company said higher-dose groups showed positive effectiveness signals, while key seizure-reduction endpoints were not met. It reported a favorable safety profile and low discontinuation rates, and plans to assess results to guide POWER2 and further developm

$METAMed

Mass. lawmakers push to secure residents’ data

Massachusetts House lawmakers unanimously approved a consumer data privacy bill aimed at limiting companies’ data collection, tightening protections for minors, and banning the sale of sensitive data, including precise geolocation within 1,750 feet. The Senate passed its version unanimously last year. Enforcement differs, with the House bill adding a “private right of action” for consumers against large firms. Lawmakers must reconcile versions before sending to Gov. Maura Healey.

$AVGOMed

Citi revisits Broadcom stock price target after post-earnings selloff

Broadcom shares fell 12.6% on June 4 after results largely matched expectations but did not boost AI guidance as some investors wanted. The company reported fiscal Q2 adjusted EPS of $2.44 and revenue of $22.19B. It forecast current-quarter revenue of ~$29.4B. Citi reiterated a buy rating and $500 target, citing a buying opportunity despite slightly weaker AI revenue guidance.

$ADMed

Q1 Earnings Roundup: Viasat (NASDAQ:VSAT) And The Rest Of The Telecommunication Services Segment

Array (NYSE:AD) reported Q1 revenue of $52.01M, up 92.8% YoY but 3.9% below analysts’ expectations, and the company also missed EPS and revenue estimates; shares were up 6.5% to $52.52. Globalstar (NASDAQ:GSAT) revenue was $70.06M, up 16.7% YoY, 0.7% below expectations, with EPS and revenue misses; stock rose 1.3% to $82.55. Iridium (NASDAQ:IRDM) revenue was $219.1M, up 1.9% YoY, 0.9% below expectations, also missing EPS and revenue; shares rose 29.7% to $52.38.

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