Barron's Streetwise
Quantum Computing Stocks Are Going Nuts. Plus, the Outlook for Bonds.
Dec 20, 2024
Kathy Jones, Chief Fixed Income Strategist at Schwab, brings sharp insights into the bond market's current landscape. She navigates the complexities of rising inflation and federal debt, offering tactical strategies for investors. The conversation creatively uses surfing as a metaphor for tackling market challenges. Additionally, the hosts delve into the exciting world of quantum computing, discussing its potential to revolutionize technology with applications in drug discovery and machine learning, while referencing NVIDIA's stock performance.
31:45
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Quick takeaways
- Quantum computing's advancements are creating a speculative bubble, with stocks surging amidst groundbreaking technology capabilities and risks of volatility.
- The bond market is influenced by rate cuts and inflation, prompting investors to adopt a tactical approach for balanced portfolios amid potential market corrections.
Deep dives
Understanding Quantum Computing
Quantum computing is based on qubits, which can exist in multiple states at once, unlike classical bits that are limited to zero or one. This unique property allows quantum computers to perform complex calculations much faster than today's supercomputers. For instance, Google's recent advancements with their quantum chip, Willow, enable it to solve a benchmark calculation in less than five minutes, a task that would take traditional supercomputers longer than the age of the universe. The excitement surrounding quantum computing stocks has led to significant price increases, demonstrating a speculative bubble risk in the tech market.
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