In early Wednesday trading, three momentum leaders are breaking out despite red major indices. Circle Internet Group (CRCL) rises after news of 11 House representatives supporting the GENIUS Act, aiming to regulate stablecoins. Unity Software (U) gains after Jefferies upgrade, with a $35 price target. Rigetti Computing (RGTI) soars on quantum computing performance achievement.

Circle Internet Group (CRCL) is a leading stablecoin issuer in the US, managing USD Coin (USDC) with Coinbase Global (COIN). Unity Software (U) upgraded by Jefferies to a Zacks Rank #2 (Buy) with a $35 price target, citing new niche AI platform ‘Vector’. Rigetti Computing (RGTI) achieves mid-year milestone for quantum computing with 99.5% median fidelity rate for two-qubit gates.

Animal spirits are high on Wall Street as momentum stocks like Circle, Unity Software, and Rigetti break out. Circle rises on GENIUS Act progress, Unity Software gains on new AI platform ‘Vector’, and Rigetti soars on quantum computing performance achievement.

(Source: Zacks Investment Research)

Read more at Nasdaq.: CRCL, U, RGTI: 3 Industry Leaders Breaking Out Wednesday