Nvidia comments rally quantum stocks, Pentagon to cut jet order

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It’s time for Yahoo! Finance’s Market Minute. Stocks edging higher as investors digest a better than expected inflation print and a US-China trade truce, for now. The data boosting rate cut hopes. Markets now pricing in a slightly higher probability of a cut in September, according to CME’s FedWatch Tool. Shares of quantum computing stocks surging after Nvidia CEO, Jensen Huang, said the technology is facing a quote “inflection point.” Huang going on to tell a crowd at Nvidia’s GTC Paris Developers Conference that quantum could be able to solve some interesting problems in the coming years. And Lockheed Martin shares falling on news the Pentagon is cutting its order of F-35 jets in half, according to Bloomberg News. The Air Force is now asking for 24 fighter jets this year, down from 48 in 2024. Meantime, the House Appropriations Committee is just slightly boosting its order for branches of the military for fiscal year 2026. That’s your Yahoo! Finance Market Minute. Scan the QR code below to track the best and worst performing stocks of the session.