Market news
Crypto, stocks, forex and macro, aggregated for traders.
Microsoft Unveils Majorana 2 Quantum Chip with 1000x Qubit Stability
Microsoft has announced its next-generation topological quantum chip, Majorana 2, claiming over 1000x improvement in qubit stability and qubit lifetimes exceeding 20 seconds. The company aims to build a scalable quantum computer by 2029.
Sber's GigaChat Lags ChatGPT, DeepSeek by 6-9 Months on Computing Power
Alexander Vedyakhin, first deputy chairman of Sberbank, said the bank's AI model GigaChat trails ChatGPT and DeepSeek by six to nine months, mainly due to insufficient computing capacity.
VTB Eyes August Closing of RVB Deal, SPO to Raise 300-400 Bln Rubles
VTB Bank may close its deal with RVB in August and expects to raise 300-400 billion rubles in a secondary public offering. The bank also announced upcoming dividend strategy and management reshuffles.
Akron to Pay 235 Rubles per Share from 2021 Profits, Skips 2025 Dividend
The board of Akron recommends not paying dividends in 2025, but will distribute 8.64 billion rubles from 2021 retained earnings as 235 rubles per share, subject to shareholder vote on June 30.
Saylor's '₿ack to Work' Post Raises Concerns as MSTR Sells BTC
Michael Saylor posted '₿ack to Work' on social media. The phrase previously signaled Bitcoin purchases, but now that Strategy (MSTR) has begun selling, analysts warn the message may have a different implication.
X5 to Expand AI, Robotics, Predicts Further Job Cuts - President
X5 Retail Group plans to develop AI, robotics, and unmanned transport, with President Ekaterina Lobacheva forecasting continued headcount reductions due to automation.
X5 Maintains 2026 Revenue Growth Forecast of 12-16%
X5 Retail Group has reaffirmed its 2026 revenue growth forecast of 12-16%, while President Ekaterina Lobacheva said the company has no plans to actively monetize its treasury package under current market conditions.
Yandex Leads Russia in Generative AI Model Development – Vedomosti
According to a Vedomosti market review, Yandex has developed the largest number of foundational generative AI models among Russian players.
US Put-Call Ratio at 11-Year Low, Bullish Sentiment Peaks
The put-call ratio on US stock options has fallen to a historic low, marking the strongest bullish sentiment in 11 years.
Nvidia's Huang Touts $150B Annual Taiwan Spending, Calls Island AI Epicenter
Nvidia CEO Jensen Huang said the company will spend $150 billion annually on Taiwan, calling the island the epicenter of the AI revolution. Lex Fridman is currently in Taiwan with Huang for an upcoming interview.
Astra Management Proposes Share Buyback of Up to 2% of Capital
The management of Russian IT company Astra Group will recommend that its board consider a share buyback of up to 2% of the company's authorized capital.
SpaceX IPO Valuation Cut to $1.75 Trillion, Roadshow Set for June 4
SpaceX now targets a $1.75 trillion valuation for its upcoming IPO, down from earlier expectations of $2 trillion and $1.8 trillion. The roadshow begins June 4, with a Nasdaq listing anticipated on June 12.
Georgia Begins Paying Inter RAO Compensation Under Arbitration Ruling
Georgia's Ministry of Finance confirmed that since December 2025, the country has started paying monetary compensation to Russian energy company Inter RAO as mandated by an international arbitration ruling.
V2V-RTS Reports Q1 2026 Revenue of 2.694B Rubles, Up 21% YoY
V2V-RTS Group announced Q1 2026 total revenue of 2,694 million rubles, a 21% year-on-year increase, with revenue growing 12% YoY.
Promomed Enters Top 3 Russian Pharma Companies by Sales in April
According to DSM Group's April report, Promomed ranked among the top three pharmaceutical companies in Russia by retail sales value, with 5,375.1 million rubles, surpassing foreign competitors Abbott, KRKA, and Sanofi.
Alfa-Bank CEO: Fintech Has Peaked, Enter 'Fantech' Era
Vladimir Verkhoshinsky, head of Alfa-Bank, says Russian fintech has hit its ceiling and competition is shifting from technology to customer emotions, ushering in a 'fantech' era powered by AI.
D-Wave Quantum Reveals Roadmap for Fault-Tolerant Quantum Computer by 2032
D-Wave Quantum has disclosed a phased development roadmap for quantum systems, aiming to create a fault-tolerant quantum computer with 100 logical qubits by 2032. The system is expected to perform over 1 million operations and support early applications in quantum chemistry and AI.
Russian Property Agency Announces Repeat Auction for UGLD Group
Russia's Federal Property Management Agency (Rosimushchestvo) has announced a repeat auction for the sale of the UGLD group, with applications due by June 9. The auction will be considered valid even if only one buyer participates.
Abivax shares plunge 30% on cancer risk in ulcerative colitis drug data
French biotech Abivax saw its stock drop 30% after revealing that its lead drug for ulcerative colitis carries a potential cancer risk based on new clinical data.
SPB Exchange May 2026 Trading Volume Rises 1.71% Month-on-Month
SPB Exchange reported total trading volume of 184.33 billion rubles in May 2026, up 1.71% from April.
Jim Cramer’s IPO Interest Seen as Peak Bubble Signal for US Stocks
Analysts warn that Jim Cramer’s expressed desire to participate in the IPOs of SpaceX, OpenAI, and Anthropic may confirm that these mega-listings will mark the top of the US stock bubble.
Russia's UAC Targets Profitability in 2026, CEO Says
United Aircraft Corporation (UAC) expects to turn profitable in 2026, according to CEO Vadim Badeha. He stated the company's goal is to achieve stable cash flow and become a profit center for shareholders.
US Regulator Flags Freedom Holding Over Financial Violations
The SEC has issued a warning to Freedom Holding (Nasdaq: FRHC) regarding potential financial misconduct. The company and CEO Timur Turlov are contesting the preliminary findings.
Russian Homebuilder Stocks Plummet Up to 66%, Average Down 30%
Shares of Russia's largest homebuilders have declined by nearly a third on average over the past year, with Samolet falling 66% and Etalon down 55%, according to Izvestia. The construction sector is in a difficult position but not yet in crisis, experts say.