It's Time To Call Bullshit - Quantum

TLDR: While I am super excited for what Quantum Computers could do for society in the distant future, it is probably a bad investment right now... the bubble will pop.

NVDA CEO says the tech is decades away: https://finance.yahoo.com/news/nvidias-ceo-says-useful-quantum-164500814.html

John Chambers also says the tech is a decade away: https://www.investors.com/news/technology/quantum-computing-further-out-ai-decade-john-chambers/

Quantum Supremacy Book by Michio Kaku: Book Link for those interested This is the Physicist who we have all seen on youtube probably explain something confusing about how the universe works. Well he wrote this book a year ago, before people knew wtf quantum was... and basically got the readers hyped about quantum but says like 100 times in the book that we won't see this stuff happen until 2050. Maybe a decade away for some things in the pharma industry. Very refreshing to get a non-Wall Street person talking about the space, and frankly, he probably knows best given he's a worldly known Physicist. I read this over the holidays, it was a great read fyi (not an ad, just saying).

Short Quantum thesis by Martin Shkreli: https://x.com/MartinShkreli/status/1876950624824177127 Think what you want of the pharma bro, but he wrote an excellent piece on why he is short quantum. TLDR: the best quantum companies are GOOG and IBM. Both are too large to see any financial impact from quantum on the stock. However, these two stocks have the balance sheet to support massive/costly R&D in quantum that these smaller "quantum" companies don't have. He makes the intersting poiknt that these companies went public (IONQ, RGTI, D Wave, etc) because they are running out of money and need to raise money and dilute shareholders to stay afloat. IF they were that good, they would have been scooped up by IBM and GOOG already. He also notes the best quantum companies (outside of GOOG and IBM) are still private, so average people like you and I can't invest in them anyways. Basically the shitty quantum companies are the ones that are public right now.

And most importantly, the computers don't work well. IONQ and RGTI computers are actually down right now. https://x.com/MartinShkreli/status/1879607624569872443 & https://x.com/MartinShkreli/status/1879896705434591582

These computers aren't even online right now for IONQ and RGTI.

Basically this all seems like an emotional yolo into quantum. Most people don't understand it and the commerical applications are years and years, probably decades away. I would invest with caution as this has bubble written all over it , imo. Yes, I am short for now