22
Thu, May

Bitcoin and crypto stocks rally, solar stocks hit, IonQ surges

Bitcoin and crypto stocks rally, solar stocks hit, IonQ surges

Crypto News
Bitcoin and crypto stocks rally, solar stocks hit, IonQ surges

Yahoo Finance host Brad Smith tracks today's top moving stocks and biggest market stories in this Market Minute, including crypto-related stocks rallying behind bitcoin's climb to a new record-high above $111,000, solar stocks continue to sink as President Trump's budget bill could phase out clean energy tax credits, and IonQ (IONQ) surges after CEO Niccolo de Masi stated his mission to become the Nvidia (NVDA) of quantum computing.

Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.

00:00 Speaker A

It's time for Yahoo! Finance's market minute. Bond yields retreating from earlier highs. The 30 years still over 5%. Bond traders are wary that the President Trump backed budget bill could add trillions of dollars to the deficit. Crypto related stocks, Coinbase, Marathon Digital, and strategy all rising today as the crypto rally rages on. Bitcoin trading above $111,000 per coin today. Meanwhile, solar stocks are sinking as the budget bill that passed the house this morning threatens Biden era green energy tax credits. New rules could make it more difficult for many solar projects to qualify for the incentives. And shares of IonQ surging after the company CEO said it's aiming to become the Nvidia of quantum computing in an interview with Barron's. The chief executive pointing out that IonQ is the largest public quantum company by market cap, saying he feels it's in a good position about its competitive positioning here. And that's your Yahoo! Finance market minute. For more on what's trending on Yahoo! Finance, scan the QR code below.

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