Why is Aeluma stock surging today?

MarketBeat highlights NVIDIA’s broader photonics investment and says the global photonics market is about $1.25T, growing mid-single digits through the next decade, with silicon photonics rising ~30% annually. It profiles Aeluma (NASDAQ: ALMU), citing quantum-dot lasers and a manufacturing method that grows optical-quality substrate on silicon. The article notes Aeluma is pre-revenue, seeks data-center/defense partnerships for design wins and prototype certifications, and targets production and

Aeluma (NASDAQ: ALMU) said the U.S. Department of Commerce announced proposed CHIPS Act incentives of more than $2 billion for nine companies to accelerate quantum computing, shifting from R&D to manufacturing. Aeluma supported one company that signed a letter of intent, with involvement contingent on a subcontract. Aeluma cited its scalable wafer platform and recent U.S. contracts for quantum materials and lasers.

PBF Energy stock rose 4.3% after a 10% drop on September 14. The rally follows a $500M debt offering with notes exchangeable at a 37.5% premium, signaling management's confidence. The company plans to use proceeds to retire higher-interest debt. Morgan Stanley doubled its price target to $76, despite an Underweight rating. The broader market declined, making PBF's gain company-specific.

Quantum X Labs Inc. (QXL) appointed Yossi Cohen, former Mossad director, as President of its Scientific Advisory Board. Cohen will aid in strategic direction for quantum technologies, focusing on defense and security markets. QXL shares rose 14.9% to $4.94 on the news.

AI companies like OpenAI and Anthropic expressed safety concerns, potentially slowing AI development. Shares of AI-related firms like Lumentum, Corning, Coherent, Dell, CoreWeave, Nebius, and HPE dropped. Meanwhile, cybersecurity stocks such as CrowdStrike, Zscaler, and Palo Alto Networks saw gains. Anthropic plans to IPO next month.

Robinhood Markets (HOOD) stock is down 3.4% to $110.46 as a Senate vote on crypto regulation adds uncertainty. The Digital Asset Market Clarity Act's passage odds have dropped to 10–16%. Analysts maintain Buy ratings, but broader market caution weighs on shares.