Technology Select Sector SPDR Fund (NYSEARCA:XLK) Stock Rating Upgraded by Truist Financial

Technology Select Sector SPDR Fund (NYSEARCA:XLK) Stock Rating Upgraded by Truist Financial
Technology Select Sector SPDR Fund (NYSEARCA:XLK – Get Rating) was upgraded by stock analysts at Truist Financial from an “underweight” rating to a “neutral” rating in a research note issued on Thursday, The Fly reports. Technology Select Sector SPDR Fund Price Performance Shares of XLK opened at $137.22 on Thursday. Technology Select Sector SPDR Fund has a one year low of $122.46 and a one year high of $177.04. The stock has a 50-day moving average price of $132.75 and a 200 day moving average price of $145.97. Hedge Funds Weigh In On Technology Select Sector SPDR Fund A number of hedge funds have recently modified their holdings of XLK. Rinkey Investments bought a new position in shares of Technology Select Sector SPDR Fund in the fourth quarter worth about $25,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in ...

DELL TECHNOLOGIES INC. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (form 10-Q)

DELL TECHNOLOGIES INC. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS (form 10-Q)
This management's discussion and analysis should be read in conjunction with the audited Consolidated Financial Statements and accompanying Notes included in the Company's annual report on Form 10-K for the fiscal year ended January 28, 2022 and the unaudited Condensed Consolidated Financial Statements included in this report. In addition to historical financial information, the following discussion contains forward-looking statements that reflect our plans, estimates, and beliefs, and that are subject to numerous risks and uncertainties. Our actual results may differ materially from those expressed or implied in any forward-looking statements. Unless otherwise indicated, all results presented are prepared in a manner that complies, in all material respects, with generally accepted accounting principles in the United States of America ("GAAP")....

A complex quantum computing approach to complex financial risk

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A new quantum algorithm could eventually make it easier for banks to manage the systemic risk that helped bring down the financial system more than a decade ago.Why it matters: Major financial institutions spend huge computing resources in calculating the systemic risk that may be contained in their portfolios. Replacing classical computing with a quantum architecture could allow them to do it faster and cheaper.What's happening: Zapata Computing, a Massachusetts-based quantum software company, and the Spanish bank BBVA are collaborating to develop a quantum algorithm to target credit valuation adjustment (CVA).CVA is a change to the market value of derivative adjustments that account for credit risks from counterparties. It was introduced as a new requirement for banks following the 2007–2008 financial crisis, when the banking system was almost...

Toshiba and Dharma Capital bid to bring quasi-quantum computing to HFT

quantum computing
Japanese tech giant Toshiba is joining forces with Dharma Capital to trial the use of quasi-quantum technology in financial trading. The experiment will investigate the effectiveness of high frequency trading (HFT) strategies for Japanese listed stocks based on "optimal solutions" presented by a quasi-quantum computer -Toshiba’s Simulated Bifurcation Machine.Toshiba says that by combining its computing power with conventional HFT technology, it is now possible to search statistical arbitration opportunities that have not been targeted before, with a sufficient level of low latency against market price fluctuations. More broadly, establishing trading systems that can quickly detect ever-untargeted mispricings and eliminate them is expected to further improve market efficiency and liquidity, says the...

Financial markets could use quantum computing in 5 years

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Goldman Sachs has reportedly been working closely with Silicon Valley firm QC Ware on this for several years. Some of the most complex calculations in financial markets could start using quantum computing within five years, considerably earlier than expected. Both parties have been studying how quantum computers can be tapped for the Monte Carlo algorithm – which is used to determine or assess risk and also to simulate market prices for various financial instruments. Giant Wall Street investment bank Goldman Sachs has recently revealed a major quantum computing breakthrough for financial application, that outperforms the most advanced algorithms of previous generations. The quantum algorithm can be used on hardware in five years’ time, considerably earlier than expected, to bear on some of the most complex calculations in financial...

Goldman Sachs makes quantum breakthrough

quantum computing
Goldman Sachs is claiming a quantum computing breakthrough, designing algorithms it says could be used on hardware that may be available in as little as five years. The bank has been working with Silicon Valley startup QC Ware for the past couple of years to investigate the use of quantum algorithms in finance, exploring how the technology will eventually outperform classical computers for finance applications.Researchers at the two firms have been looking at how quantum computing can be tapped for the Monte Carlo algorithm used to evaluate risk and simulate prices for a variety of financial instruments.Using traditional hardware, the complex calculations needed for Monte Carlo are typically executed once overnight, which means that in volatile markets, traders are forced to use...

Ally partners with Microsoft Azure to prepare quantum computing-ready workforce

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US fintech Ally Financial will collaborate with Microsoft on Azure Quantum solutions to develop quantum computing skills and explore how new algorithms and future quantum hardware could improve customer experience. With claims that the industry is reaching the limits of classical computing, quantum computing has become an attractive proposition. A quantum computer can perform calculations based on the probability of an object's state before it is measured - instead of just 1s or 0s and process more data compared to their traditional counterparts. Ally is collaborating with Microsoft as part of its Enterprise Acceleration Program (EAP) to resolve optimisation issues, as well as utilise available, rich data to support financial services professionals make better decisions, learn why a customer may contact a...

5 ways to gain the financial benefits of cloud computing

Storage cloud computing Adobe
Most enterprises are still migrating workloads from data centers to the cloud. Although saving money is generally not the driving force for such migrations, it doesn't hurt if money is saved along the way for better scaling or reliability, or an end to IT capital expenses. The financial benefits of cloud computing, though not as inevitable as years of hype made folks expect, are real. The following are the top five strategies CIOs can use to reap those cost benefits. 1. Avoid lift and shift It gets easier to shift a workload or a set of integrated workloads into a cloud environment with minimal modification. If a cloud migration is motivated by a looming data center lease expiration, a lift and shift of virtual machines (VMs) and data sets may be the only way to meet the deadlines. However, it will probably come with a cost increase...