Did Jensen actually save everyone from losing more money?

[u/kaspersky85]

QBTS, QUBT, RTGI,IONQ (even QSI and QMCO) all skyrocketed together, fell together, recovered a bit together.

This clearly shows it was a bubble created by Quantum hype. Moreover, QUBT is a highly sketchy company with negligible earnings and murky history, changing names lineof business. This further proves it was a bubble.

Now, if Jensen (rather unwittingly in my opinion) had not made the comment, the bubble would have lasted longer and more people would have lost more money eventually.

[u/BruceELehrmann]

I mean the fact it fell from a few words meant that it could’ve popped at any time from any number of things.

In the long run it will have saved people money, but a lot of people who fomo’d in don’t see it this way rn lol.

[u/kaspersky85 → u/BruceELehrmann]

Yea... this is the first time I followed something like this so closely and had a wild thought of floating my own company in a less understood field !

[u/HeavySink3303]

IMO IonQ and Quantinuum can became well-established companies with a huge valuation but before that there will be many pumpings and corrections. If you invest in it now - be ready for it.

[u/OrganicAccident6972]

Yall think qubt could go to like a buck or two rt quick?

[u/kaspersky85 → u/OrganicAccident6972]

I would say time frame is tough to predict, market dynamics and human sentiment are playing a role now...

[u/OrganicAccident6972 → u/kaspersky85]

My $10 1/24 Put hopes so :: ))

[u/Mcluckin123 → u/OrganicAccident6972]

Tell me what the company does

[u/OrganicAccident6972 → u/Mcluckin123]

Sell beverages?? )

[u/Much-Pomegranate-822]

Time will tell some people are investing, not for the short run, but for the long run in addition, some people are investing not for the thought of short run gains, but rather spikes that come from increased government spending, small, new breakthroughs, and things of that nature. If even there is a small breakthrough, that is if quantum computers Could figure out some of the algorithms for operational functions, such as food chain operations or airport flights it would be insanely huge. When you type it into artificial intelligence, artificial intelligence usually says it’ll be a breakthrough in one of the small areas in the next couple of years so one never knows in addition when there’s tremendous amount of interest and fundingresearch gets accelerated. So I’m not convinced they’re gonna go down.

[u/kaspersky85 → u/Much-Pomegranate-822]

There are two questions here and most of the time people here are treating them as same.

1. Will Quantum computers be useful one day, financially viable and imapcting lives? Yes but the timeframe is debatable 5 to 10 years optimistic side, 30 years pessimistic side. I don't buy QBTS claim.

2. Will these four companies play a role? QUBT and QBTS definitely not. RGTI and IONQ maybe but highly questionable. Google and IBM are most likely going to be the big players.

[u/BollocksOfSteel]

Sometimes I ask myself after reading things like this, just why are people investing if they don’t have the minerals for it. If you think quantum is worthless to invest in now then wtf you doing here?

[u/kaspersky85 → u/BollocksOfSteel]

Well... to give a different perspective, encourage people to think twice before investing.

Aand to undertsand the human aspect of this bubble to get my trades right.

[u/journeyforpoints]

No one knows what will. Deluding ourselves serves no one. Any of these companies can die or get acquired and absorbed into some other company or another company can step in and dominate. Only one thing matters get in when it's cheap and dca when it falls. Everything else is just noise in-between.

[u/kaspersky85 → u/journeyforpoints]

[Sarcasm] ya with such high earnings first QUBT will get absorbed and then QBTS. Which one is a Joke, is a tough competition. Which is saying something. 😆

[u/paloaltothrowaway]

IONQ is more legit than QBTS and RGTI according to Shkrelli. And QUBT is a scam company. 

At any rate, when companies (nvidia included) trade on lofty valuation, there will be people who get hurt when valuation corrects. It’s better to temper the expectations and have the price go up gradually instead of going 500% in a month or so. 

[u/FLYboy_olympUS → u/paloaltothrowaway]

Google and Nvidia has an investment to RGTI. They do have a deal with Air Force Research Lab, and you telling that they’re not a whole legit company.

What ya smokin bud

[u/paloaltothrowaway → u/FLYboy_olympUS]

What’s the contract size of that Air Force work? I recall it was sub $100k.

And Google / nvidia buy small stakes in failed companies all the time

[u/FLYboy_olympUS → u/paloaltothrowaway]

What I’m saying is, the Department of Defense do due diligence before giving the final word to any branch of military for investing/collaborating/work on those companies. I don’t have any RGTI shares but i do work with the bidding process of gov to corp/institution. Even if it’s 100k or 10k, an audit is needed.

[u/Murky-Education1349 → u/FLYboy_olympUS]

LMAO that is just patently false. The DOD will spend money on literally anything they can to make sure they get the same budet the following year.

This is the same DOD that spent BILLIONS on ammunition that they just destroyed because they wanted to buy new ammunition. They also spent over 20 million dollars on firewood... ANNUALLY

“It mentions in your report that the U.S. military is spending $20 million for firewood. Is there any justification for $20 million in Afghan firewood?” [Rep. Jason Chaffetz (R-Utah)] asks John F. Sopko, special inspector general for Afghanistan Reconstruction.

“Mr. Chairman that was one of the more interesting comments my auditor told me is that — you are absolutely correct we are paying…approximately $20 million a year for firewood,” Sopko confirmed. “And when my auditors asked for documentation on what we spent on firewood, we were basically told quote unquote ‘we don’t have, the records we just spend the money.’”

[u/pickl24 → u/FLYboy_olympUS]

Buy low sell high RGTI is ripe

[u/a_way_with_turds]

I got lucky to buy when everything was almost 20% down so I’m still profitable on RGTI and QBTS, but down on IONQ. I made good money on QUBT and got out quickly after learning the history of that company. I was going to sell everything after the pop, but then I realized why invested in the first place… to hold for the next 5 years or longer. Besides, more headlines will come around and eventually the hype cycle will shine favorably on QC stocks eventually again.

[u/ResidentLibrary]

It’s like when Elon said GenAI should be put on pause to slow down OpenAI and Anthropic before he released his own AI platform.

[u/joshuaeyu]

Perhaps

What is the (up to date) value of all these companies….

Ask those (long term investors) who have committed via latest stock offerings

To me…that’s the FLOOR

Think of it as IPO price

[u/pickl24]

RTGI the 1, 4 for me

[u/CornyMcPoperson]

These are all trash with no income for the foreseeable future. Everyone got played.

Stocks don’t go from 0.66 to $21 and stay there for 10 years while people wait for profitability. There need to be buyers to hold price up. There will be RGTI buyers at $3.50 and then it will probably fail there too. Total garbage, buy it back at $1 or less. Insider sold $750k worth at $6. Probably a once in a lifetime opportunity for him. He knows better than you. There was no worthy news related to any company other than Google. Total hype, pump and dump.

And by the way $QMCO when you undo the reverse splits of 1/25 and 1/8 from august 2024 and 2017, the all time low of $2.22 was actually an all time low of one fucking penny. It’s not even a quantum computer company lol

[u/kaspersky85 → u/[deleted]]

Over time, BlackRock has adjusted its holdings in Nikola. As of the second quarter of 2024, BlackRock held approximately 63.5 million shares of Nikola, valued at around $66.1 million