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NEWS
New Pope Just Dropped

Vatican White Smoke signaled the arrival of a new pope, and the market rallied Thursday as Pope Leo XIV arrived on the balcony, a man from Chicago named Bob. 🧙 

The market was in truth reacting to the first major trade deal out of the White House, an agreement with the UK to lower tariffs on metal and cars, and encourage more trade. Under the deal, the UK still faces 10% tariffs on nearly everything from the U.S. 👀

Today's issue covers the first trade deal struck between the U.S. and the UK, crypto blowup while crypto stocks slide, and more. 📰

Here’s the S&P 500 heatmap. 7 of 11 sectors closed green, with consumer discretionary (+1.18%) leading and health care (-0.9%) lagging.

And here are the closing prices: 

STOCKS
Quantum Computing Stock More Than Quintuples Revenue 💾 

Remember when quantum computing was all the rage- back in… November, December? Let’s hope so, because D-Wave Quantum flew over 37% after reporting revenue that claimed more than 500% YoY. It pulled in more money since January as it had in all of 2024.

$QBTS ( ▼ 4.47% ) reported Q1 revenue of $15M, significantly beating estimates of $10.5M. EPS came in at -$0.02, better than the expected -$0.04. The revenue jump was driven by a $12.2M quantum computing system sale. CEO Alan Baratz called it the “most significant” quarter in the company’s history, citing quantum supremacy demonstration and increased commercial adoption. Retail sentiment remains extremely bullish.

“We recognized revenue on our first Advantage system sale to a major research institution, moved an additional customer application into commercial production, and became the first to demonstrate quantum supremacy over classical computing on a useful real-world problem. The end result was a record revenue and gross profit quarter." Baratz said.

The only thing that would hold back a smaller stock like this is that it has climbed 600%+ in the past six months.

SPONSORED
The $1.5T Tech Shift No One Talks About

The transformation of America’s commercial buildings is accelerating fast —and it could unlock a $1.5T in market opportunity for one company. 

While most IoT platforms rely on expensive, power-hungry Wi-Fi, IotaComm is rolling out a purpose-built, FCC-licensed wireless network—designed for scale, reliability, and real-time data.

It’s America’s first wireless network built specifically for the IoT, and it’s already being used by schools, hospitals, manufacturers, and even major brands like Crayola.

What sets IotaComm apart?

• Prime digital real estate: Exclusive rights to spectrum other IoT companies can’t access
  

• More properties, more data: Their “digital real estate” gets more valuable with every installation
  

• $1.5T market opportunity: Just like Wi-Fi connected everyone in the 90s, the commercial IoT market is seeing similar growth patterns. 

Now, everyday investors have a chance to get in early. IotaComm is opening its latest funding round and offering 25% bonus shares to those who move quickly.

_{This is a paid advertisement for IotaComm’s Regulation CF Offering. Please read the offering circular at invest.iotacomm.com. 3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.}