Quantinuum is trading 4.69% up now at $34.70, primarily after Morgan Stanley's upgrade.

  • Morgan Stanley upgraded the shares to Overweight from Equal-weight, named Quantinuum its top quantum-computing pick, and set a $62 price target.
  • The bank cited technology, execution and valuation; the upgrade was reported alongside a 4.5% premarket gain.
  • Markets are reacting to hotter-than-expected U.S. inflation and concerns about interest rates and AI-related investment; broader pressure is a weaker explanation for the gain.