Your friendly neighborhood Spider-Man breaks down the premarket trading news, from GameStop's slump to quantum computing's surge and Elon's Twitter oopsie!
Your friendly neighborhood Spider-Man breaks down the premarket trading news, from GameStop's slump to quantum computing's surge and Elon's Twitter oopsie!

Game Over for GameStop (For Now...Maybe?)

Alright web heads listen up! Your friendly neighborhood Spider Man here giving you the lowdown on today's market madness. First up: GameStop. Ouch! Looks like they took a dive down 4%. Seems their first quarter revenue took a bigger hit than I do when Rhino's on a rampage. $732.4 million compared to last year's $881.8 million? That's gotta sting more than Aunt May's wheatcakes...and those are pretty rough.

Tesla's Electric Slide...Back Up!

Next we've got Tesla. Up 1.7%! Looks like the electric car company is rebounding faster than I do after a Green Goblin gas attack. Seems like Elon Musk's little Twitter tiff with President Trump caused some fireworks but he's saying he regrets some of his posts. Lesson learned folks: think before you tweet or you might end up regretting it more than that time I wore the symbiote suit. #NeverAgain

Quantum Leap...Into Profits!

Now for the exciting stuff: Quantum computing! Nvidia's CEO Jensen Huang said the field is reaching an "inflection point." Translation: It's about to get real real fast! Quantum Computing shares jumped 7% Rigetti Computing popped over 4% IonQ climbed more than 3% and D Wave Quantum added almost 2%. Finally something making bigger leaps than me swinging through the city! Who knew science could be more thrilling than a brawl with Doc Ock?

Sunrun's Solar Flare Fizzles Out

Not all sunshine and rainbows though. Sunrun the solar stock got downgraded by Jefferies and dropped 6.1%. They're worried about funding for residential solar initiatives. Guess even the sun can have a cloudy day. Hope they can recharge soon! My Spidey sense is tingling that they'll find a way. After all with great power comes great...oh you know the rest.

BILL Holdings Gets the Bill...For Downgrade

BILL Holdings the invoicing platform took a 1.7% hit after Morgan Stanley downgraded them. Seems they're less bullish on the company's future. Ouch! That's gotta hurt more than landing on a gargoyle after a particularly rough swing. Looks like someone's got some bills to pay...literally!

GitLab's Forecast: More Gloom Than Boom

And finally GitLab. Down a whopping 12%! They released a disappointing revenue forecast. $226 million to $227 million versus the LSEG consensus estimate of $227 million. Talk about a web of disappointment! I guess even software developers have their bad days. But hey chin up GitLab! Even Spidey misses a web sling sometimes. 'Nuff said!


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