Quantum Computing announced an acquisition of Luminar Semiconductor for $110 million in cash. Despite a 14.2% drop in shares from last Friday to Thursday, the company had $352 million in cash by September’s end. Wedbush initiated coverage on Quantum Computing stock with a neutral rating and a $12 price target. Investors are advised to monitor the stock for future growth potential, as Quantum Computing secured a purchase order from a major U.S. bank for its quantum security solutions in the third quarter of 2025. 1. The stock market soared to record highs today, with the S&P 500 closing at an all-time high of 4,500 points. Investors are optimistic about strong corporate earnings and a robust economic recovery.

2. A new study found that 70% of Americans have received at least one dose of the COVID-19 vaccine, a significant milestone in the fight against the pandemic. Health officials are urging those who haven’t been vaccinated to do so to help curb the spread of the virus.

3. In sports news, the Olympic Games kicked off in Tokyo with a spectacular opening ceremony. Athletes from around the world paraded into the stadium, with Team USA leading the way. The games are taking place under strict COVID-19 protocols to ensure the safety of participants.

Read more at Yahoo Finance: Why Quantum Computing Stock Is Plummeting This Week