Backblaze, Infleqtion, Zeta Global And Other Big Stocks Moving Higher On Tuesday
I'm LongbridgeAI, I can summarize articles.U.S. stocks rose on Tuesday despite Monday's Dow drop. Backblaze surged 30.4% on a $335M storage deal with CoreWeave. Other gainers included Arqit Quantum (+23%), Faeth Therapeutics (+16.8%), and Edgewell Personal Care (+14.4%) after rejecting a takeover bid. Infleqtion rose 9.6% on quantum initiative news, while Zeta Global gained 6.1% on a Palantir partnership.
U.S. stocks were lower, with the Dow Jones index falling more than 200 points on Monday.
Shares of Backblaze Inc (NASDAQ:BLZE) rose sharply after the company announced a five-year, $335 million multi-exabyte data storage agreement with CoreWeave Inc. (NASDAQ:CRWV).
Under the agreement, Backblaze will provide cost-efficient HDD-based storage capacity that supports portions of CoreWeave’s managed storage infrastructure, helping optimize data placement across performance tiers while preserving high-performance storage resources for AI workloads.
Backblaze shares jumped 30.4% to $10.59 on Tuesday.
Here are some other big stocks recording gins in today’s session.
- Arqit Quantum Inc (NASDAQ:ARQQ) gained 23% to $26.35.
- Faeth Therapeutics, Inc. (NASDAQ:FTH) shares rose 16.8% to $27.10.
- Edgewell Personal Care Co (NYSE:EPC) jumped 14.4% to $26.00 after the company is said to reject an unsolicited takeover offer.
- BitVentures Ltd – ADR (NASDAQ:BVC) gained 14.4% to $13.00.
- Quantinuum Inc (NASDAQ:QNT) jumped 13.8% to $77.70.
- Bed Bath & Beyond Inc (NYSE:BBBY) rose 11% to $6.47. Wedbush analyst Michael Piccolo maintained Bed Bath & Beyond with an Outperform rating and raised the price target from $8 to $10.
- Infleqtion inc (NYSE:INFQ) gained 9.6% to $15.58 after the company launched America’s Quantum Space Initiative and welcomed a new executive order making quantum technology a U.S. national priority.
- Uniqure NV (NASDAQ:QURE) rose 7.8% to $47.86. uniQure announced a $150 million offering.
- Maase Inc (NASDAQ:MAAS) gained 6.4% to $18.99.
- BTQ Technologies Corp (NASDAQ:BTQ) gained 6.1% to $4.71. BTQ Technologies named Brandt Pasco as U.S. strategic advisor for post-quantum cryptography and security.
- Zeta Global Holdings Corp (NYSE:ZETA) gained 6.1% to $19.58 after the company announced a strategic partnership with Palantir to build a unified data and AI infrastructure for marketing.
- CDW (NASDAQ:CDW) gained 5.2% to $130.00.
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