- Arqit partnered with nLighten to demonstrate a proof of concept for sovereign public cloud deployments.
- The project utilized nLighten’s Geneva facility for data storage and encryption while leveraging Arqit’s SKA-Platform with Intel TDX for workload protection in the public cloud.
- Plans are in place to expand this model across nLighten's 30+ edge data centers in seven European countries.
- U.S. stocks declined, with the Dow Jones index dropping more than 200 points on Monday.
- Backblaze Inc's stock surged 30.4% to $10.59 after announcing a $335 million data storage agreement with CoreWeave Inc, providing cost-efficient storage for AI workloads.
- Other notable gainers included Arqit Quantum Inc, Faeth Therapeutics, and Edgewell Personal Care, with stock increases ranging from 11% to 23%.
- As Q2 2026 ends, D-Wave Quantum faces challenges from both larger tech companies, like Intel and IBM, and smaller rivals such as Arqit Quantum, which has experienced significant revenue growth due to its focus on quantum-safe cybersecurity solutions.
- Arqit has entered key partnerships, including one with Intel, and achieved a revenue increase of 830% year-over-year, yet has raised concerns over missed sales projections and share dilution.
- Meanwhile, Qualcomm, while not a pure quantum company, is investing in quantum technology through its venture arm, and despite a slight revenue decline, remains a strong player in developing quantum-safe communications.
- Nvidia, Micron, and several AI and quantum computing stocks surged following a peace agreement between the U.S. and Iran, motivating investors to re-engage with high-growth sectors.
- Memory-related companies saw significant gains, with Micron up 8%, Western Digital 13%, and Seagate 9%, alongside increased bets on improved sentiment due to reduced geopolitical risk.
- The rally extended to other tech stocks, while investor focus shifts to the sustainability of the Iran agreement and the potential longevity of this market momentum.