{"id":73645,"date":"2026-10-26T16:38:14","date_gmt":"2026-10-26T20:38:14","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/intel-acquires-classiq-in-2-3-billion-quantum-push-cadence-and-welltower-raise-guidance\/73645\/"},"modified":"2026-10-26T16:38:14","modified_gmt":"2026-10-26T20:38:14","slug":"intel-acquires-classiq-in-2-3-billion-quantum-push-cadence-and-welltower-raise-guidance","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/intel-acquires-classiq-in-2-3-billion-quantum-push-cadence-and-welltower-raise-guidance\/73645\/","title":{"rendered":"Intel Acquires Classiq in $2.3 Billion Quantum Push; Cadence and Welltower Raise Guidance"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Intel (<a href=\"\/stock\/INTC\">INTC<\/a>)<\/strong> announced a landmark <strong>$2.3 billion<\/strong> acquisition of Israeli startup <strong>Classiq<\/strong>, marking the largest exit in quantum computing history and signaling a major shift toward full-stack quantum capabilities.<\/li>\n<li><strong>Cadence Design Systems (<a href=\"\/stock\/CDNS\">CDNS<\/a>)<\/strong> shares rose in after-hours trading after the company <strong>raised its full-year 2026 guidance<\/strong> for the third time this year, driven by a record <strong>$8.2 billion backlog<\/strong> and AI-driven chip design demand.<\/li>\n<li><strong>Whirlpool (<a href=\"\/stock\/WHR\">WHR<\/a>)<\/strong> shares tumbled over <strong>8%<\/strong> following a significant Q3 miss and a slashed full-year outlook, as soft demand led to the company&#39;s <strong>11th revenue decline<\/strong> in the last 12 quarters.<\/li>\n<li><strong>Welltower (<a href=\"\/stock\/WELL\">WELL<\/a>)<\/strong> raised its full-year normalized FFO guidance to <strong>$6.47\u2013$6.53 per share<\/strong>, despite a slight Q3 earnings miss, supported by robust <strong>21% same-store NOI growth<\/strong> in its senior housing portfolio.<\/li>\n<li><strong>JetBlue (<a href=\"\/stock\/JBLU\">JBLU<\/a>)<\/strong> reported a wider Q3 loss of <strong>$0.60 per share (adjusted)<\/strong> as a <strong>61% surge in fuel costs<\/strong> offset record revenue, though management remains committed to reaching <strong>$1 EPS by 2028<\/strong>.<\/li>\n<\/ul>\n<h2>Intel Makes Record-Breaking Bet on Quantum Software<\/h2>\n<p>Intel (<a href=\"\/stock\/INTC\">INTC<\/a>) has entered into a definitive agreement to acquire <strong>Classiq<\/strong>, an Israeli-based leader in quantum computing software, for approximately <strong>$2.3 billion<\/strong> in cash and stock. The deal is the most expensive acquisition in the history of the quantum industry, surpassing the previous record of $1 billion set by IonQ.<\/p>\n<p>By integrating Classiq&#39;s synthesis platform with its own spin-qubit hardware, Intel aims to build a <strong>full-stack quantum computing platform<\/strong>. Classiq will become Intel&#39;s global development center for quantum computing, with the transaction expected to close in the <strong>first half of 2027<\/strong>.<\/p>\n<h2>Cadence and Welltower Raise Guidance on Strong Momentum<\/h2>\n<p>Cadence Design Systems (<a href=\"\/stock\/CDNS\">CDNS<\/a>) reported a strong Q3 with revenue of <strong>$1.63 billion<\/strong>, beating estimates of $1.61 billion. The company raised its fiscal 2026 adjusted EPS guidance to <strong>$8.37\u2013$8.43<\/strong>, citing &quot;broad-based business momentum&quot; and the launch of <strong>Maestro<\/strong>, its new portfolio of AI models for chip design.<\/p>\n<p>Similarly, healthcare REIT Welltower (<a href=\"\/stock\/WELL\">WELL<\/a>) increased its full-year outlook despite reporting Q3 net income of <strong>$0.54 per share<\/strong>, which fell short of the $0.65 consensus. The company\u2019s optimism is fueled by its <strong>Seniors Housing Operating (SHOP)<\/strong> portfolio, which saw average occupancy growth of <strong>320 basis points<\/strong> year-over-year.<\/p>\n<h2>Whirlpool and JetBlue Face Macroeconomic Headwinds<\/h2>\n<p>Whirlpool (<a href=\"\/stock\/WHR\">WHR<\/a>) struggled in the third quarter, posting an adjusted loss of <strong>$0.21 per share<\/strong> against expectations of a $0.80 profit. Revenue fell <strong>8.8% to $3.68 billion<\/strong>, leading the company to lower its full-year sales guidance to <strong>$14.5 billion<\/strong>. To combat these trends, Whirlpool announced price increases of up to <strong>10%<\/strong> in Latin America and <strong>7%<\/strong> in North America effective Q4.<\/p>\n<p>JetBlue (<a href=\"\/stock\/JBLU\">JBLU<\/a>) also faced a difficult quarter, reporting an operating margin of <strong>-5.1%<\/strong> as fuel prices averaged <strong>$3.91 per gallon<\/strong>. Despite the quarterly loss, the airline expects <strong>1-2 points of operating margin expansion<\/strong> in Q4, supported by projected revenue growth of <strong>18-22%<\/strong> and a &quot;meaningful step-down&quot; in unit-cost growth excluding fuel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Intel (INTC) announced a landmark $2.3 billion acquisition of Israeli startup Classiq, marking the largest exit in quantum 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