By coinnews 
00:00 Speaker A
It’s now time for some of today’s trending tickers. We are watching quantum stocks, mountain, and workday. First up here quantum stocks pulling back after soaring on Thursday. This came after the CEO of IonQ said he sees the company becoming the Nvidia player of quantum computing. That rally helped push IonQ’s market cap to above $11 billion. Hope King still here with us to discuss and hope I thought it was hilarious yesterday as we were reading these headlines that if a CEO just compares himself to Nvidia then wow you’ll get a stock a stock pop like this. But obviously, it comes in the context of quantum having a great week as well.
00:45 Hope King
Yeah, I mean, um, having interviewed the CEO in the past, uh he is known to be somebody who, uh, you know, speaks quite confidently about any product that he is backing or that he’s a part of. So not a surprise. And I think to your point, you add Nvidia in the equation and you have the association of that really accelerating. I mean, the pullback today is of course because the broader markets are are also pulling by. But IonQ specifically though, you know, I think for investors is this pure play quantum company and one of the first ones to become publicly traded. If you look at some of their peers like DWave systems, IBM, Righetti computing, I mean these are companies that are are still in the mix, but I think for investors specifically want that pure play like the Nvidia, right? So I guess from that perspective, the analogy isn’t so far off. You could say that this is where an investor might get really, really excited because they could have all their chips into this one particular part of the tech sector.
02:04 Speaker A
Yeah, no, exactly. And it’s definitely going to be a stock to continue to watch for our audience. But let’s move over to mountain soaring. And it’s a nice debut on Thursday closing at $26.36 per share above the IPO price of $16, rising 60% after that IPO. The ad tech platform raising $187 million in the offering. Trading was briefly halted because of that volatility here and just taking a look again mountain having a net loss of over $20 million in revenue for the first three months of 2025 compared with a net loss of just $15 million on revenue a year earlier. So seeing a little bit more losses, but obviously, in terms of the market action, people wanted to get in on this IPO regardless.
03:02 Hope King
We haven’t had very many IPOs, especially ones that have a celebrity attached to it, like Ryan Reynolds, who is a very um attractive from an investor perspective. Uh, but also I think because the business that they’re going after, I mean, you know, the company is targeting small businesses that want to be able to advertise on streaming. We know that that’s where audiences are flocking to. So from that perspective, if you look at the revenue streams that they could get from this influx of, you know, businesses that need to advertise on other networks, away from social, maybe, then this is a really attractive, a really promising kind of company. And that’s what I think investors are also banking on is this trend of streaming becoming bigger and bigger of their being more inventory for advertisers to, you know, buy against, and then that of course is going to do very well for this company.
04:07 Speaker A
Yeah, and that’s something that uh the CEO Mark Douglas has spoken with our network several times about in terms of the advertising opportunities for the company going forward too. Finally here, let’s talk about workday forecasting disappointing quarterly subscription revenue as clients pull back on spending. Still, the human resources software company topping first quarter expectations. The company also saying its board authorized a share buyback of up to a billion dollars for outstanding shares. The stock down 11% and also, I think what’s really interesting here is of course, this could be added to our bucket of soft data indicators about how businesses are doing.
04:49 Hope King
Well, especially if you look at the kind of kind of clients that workday goes after and these are people, these are companies that have massive bases of employees who, if they’re shifting them around, you know, adding or subtracting in a very uncertain environment, that makes those clients maybe a little bit less confident in how much they can spend on software like this. I do believe though, ultimately, I mean these workforces are very large. I think workday has a pretty strong market position in what they do and their SAS, you know, vertical. Um, so maybe this is just like a blip for now, but it certainly to your point is part of the mix of the soft data.
05:34 Speaker A
Yeah, absolutely. Especially when you look at that weakness and certainly seen that play out in the price action of that stock. You can scan the QR code on your screen to track the best and worst performing stocks of the session with Yahoo Finance’s trending tickers page.