IonQ has signed a Stage C agreement with the U.S. Defense Advanced Research Projects Agency (DARPA), with a potential value of up to $300 million. The company plans to supply multiple generations of its Superion systems for testing through 2029 to help determine whether quantum computers can reach useful scale by 2033. On Wall Street, IonQ carries a Strong Buy consensus rating with an average price target of $71, implying 71.75% upside from the current share price.

SpaceX is seeking $40 billion in financing to buy Nvidia chips as it expands its AI infrastructure. The company’s satellite internet subscriber base has doubled to 12 million. Second-quarter revenue rose 92% year over year to $7.8 billion. Capital spending totaled $28.5 billion in the first half of 2026, with free cash flow at about negative $25 billion.

Applied Digital posted fiscal first-quarter 2027 revenue of $341.9 million, up 322% year over year and well above Wall Street’s $134.1 million estimate. The company reported an adjusted loss of $0.01 per share, beating expectations for a $0.26 loss. Its HPC Hosting business generated $262.6 million in quarterly revenue. Shares rose about 4% in Wednesday after-hours trading.

On October 7, Cathie Wood’s ARK funds bought about 2.57 million shares of Archer Aviation worth roughly $12.1 million and sold about 54,873 shares of SpaceX worth around $9.4 million. Archer shares fell 1.48% on the day, while SpaceX rose 0.49%. Archer is down more than 38% year to date.

SpaceX is reportedly seeking $40 billion in financing to buy Nvidia chips, including about $10 billion in bank loans and $30 billion in investment-grade debt, with completion expected during 2027. The company’s second-quarter revenue rose 92% year over year to $7.81 billion, while adjusted EBITDA jumped 191% to $3.54 billion. Analyst Daniel Ives initiated coverage with an Outperform rating and a $225 price target.

SpaceX was reported to be seeking $40 billion in financing to buy Nvidia chips, including about $10 billion in bank loans and $30 billion in investment-grade bonds, with completion expected in 2027. The company has already issued about $25 billion of bonds, and prices on some longer-dated debt have softened. Following the report, SpaceX shares fell about 1% in after-hours trading. Morgan Stanley maintained a bullish price target that remains well above the current share price.

Blaize cut its full-year FY26 revenue guidance to $32 million–$36 million from $40 million–$43 million, below the $41.6 million consensus. The company said the updated outlook is based on binding, non-cancellable purchase orders from NeoTensr and a new purchase order from an existing customer that is in the process of being signed.

U.S. stock-index futures edged lower ahead of Monday’s open, with Nasdaq 100, S&P 500 and Dow futures down 0.10%, 0.15% and 0.17%. At the same time, Brent fell 0.76% to $101.47 a barrel and WTI slid 1.30% to $89.93, while the 10-year Treasury yield traded around 5.26%. Investors are watching the FOMC minutes from September’s meeting, Michigan’s preliminary consumer sentiment reading and weekly jobless claims data.

Nvidia recently expanded its partnership with Amazon Web Services, with the companies planning to deploy another 2 million Nvidia GPUs across AWS infrastructure during 2027 and 2028. The company also expanded its share repurchase authorization by $150 billion, lifting its remaining buyback capacity to $235 billion. Morgan Stanley analyst Joseph Moore set a $300 price target, implying about 28% upside from current levels, and said gross margins around 72% to 73% could provide a floor for fiscal 2028.