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The company plans to implement a new stock repurchase program, with an amount of up to $10 billions. Second quarter revenue is expected to be approximately $22 billions, while analysts forecast $20.53 billions.

Among the 11 sectors of the S&P 500 Index, the Consumer Discretionary sector closed up 2.24%, the Information Technology/Technology sector rose 1.27%, while the Energy sector ended down 0.73%.

Pasqal, a global leader focused on neutral atom technology, announced that it has reached an agreement to go public through a business combination with the US-listed special purpose acquisition company Bleichroeder Acquisition Corp II. This transaction marks an important milestone in the capitalization process of the quantum computing industry. Pasqal, which utilizes neutral atom qubit technology, plans to go public to provide the company with a broader financing platform and accelerate the development and commercialization of quantum processors. Market analysts believe that this reverse merger listing method offers an effective way for high-growth technology companies that have not yet achieved profitability to enter the public capital market. Upon completion of the transaction, the merged entity will retain the Pasqal company name and be listed on the Nasdaq exchange.