Good afternoon and welcome to Markets Desk. Here is what is moving markets right now.
Micron Technology has staged a notable recovery, climbing thirty percent off its recent lows after a sharp selloff through July. Wall Street analysts remain constructive on the name heading into next year, with the memory chip maker benefiting from sustained AI-driven demand. A five thousand dollar position today carries meaningful upside according to consensus targets, though the volatility warrants respect.
Turning to the quantum computing space, D-Wave Quantum saw an insider dispose of twenty-three thousand eight hundred fifty shares at twenty-one dollars and seventeen cents, a transaction valued at roughly five hundred five thousand dollars as of August seventeenth, two thousand twenty six. Insider sales of this size rarely tell a clean story, but in a high-momentum name like D-Wave, the market will watch for follow-through selling closely.
Meanwhile over at Rigetti Computing, the company's chief operating officer sold just over nine thousand shares at a weighted average of sixteen dollars and seventy-nine cents, totaling approximately one hundred fifty-two thousand dollars. Both quantum names have seen extraordinary runs, and executives trimming positions near elevated prices is a pattern worth monitoring as the sector digests its gains.
That's the tape. Markets Desk, signing off the floor.
