Wall Street Breakfast Is the quantum trade eclipsing the AI trade?
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Dec 17, 2024 Quantum computing stocks are gaining attention as Wall Street's latest darlings, sparked by a major NASA contract. Retail sales have exceeded expectations, especially in the automotive sector, but caution is advised for holiday shopping. Meanwhile, Pfizer projects a positive revenue outlook for 2025. Waymo is making headlines with its robotaxi testing in Tokyo, and Meta is innovating with AI-enhanced Ray-Bans. As the stock market shifts, there's much discussion about recovery prospects for various sectors.
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Quantum Computing Stock Surge
- Quantum computing stocks, like QUBT, are surging after QUBT's NASA contract.
- However, the sector is volatile, with some experts predicting only a few companies will survive.
Quantum Investing Advice
- Don't invest in multiple quantum computing companies without research.
- Many quantum companies might not be successful due to high competition and technological hurdles.
Quantum Market Cap vs. Performance
- There's a disconnect between the market caps and actual performance of quantum companies.
- For example, IonQ has a high market cap despite losses, and Rigetti has declining revenue.