Domain: tiger-web1.srvr.media3.us Quantum stocks have not gained 600%. Most are still down all time sin IONQ | Money Talk
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Quantum stocks have not gained 600%. Most are still down all time sin IONQ

Posted on 12/18/24 at 8:06 pm
Posted by Saunson69
Stephen the Pirate
Member since May 2023
8230 posts
Posted on 12/18/24 at 8:06 pm
The nay sayers and haters, which sound Ctrl + C, Ctrl + V to Bitcoin 2014 and NVDA 2012 and PLTR 2020, are saying these things have ran up way too high. I don't think they are aware that RGTI is up basically 0% since it IPO'd a couple years ago or so. QUBT is down 57% all time. QBTS down 17% all time.

These stocks are simply getting back to where they IPO'd, and in many cases still down all time and not back to IPO price. They aren't overvalued. If you think they are overvalued, check out the losses of PLTR EOY 2020 and 2021 then check out its market cap then too.

$2 bil market cap for something that could be an even more disrupting industry in the future compared to AI is pennies. Imagine thinking Nvda at equivalent 4 cents in 1999 was too expensive
This post was edited on 12/18/24 at 8:07 pm
Posted by PUB
New Orleans
Member since Sep 2017
20798 posts
Posted on 12/18/24 at 8:43 pm to
IONQ?
Posted by thejudge
Westlake, LA
Member since Sep 2009
15135 posts
Posted on 12/18/24 at 9:33 pm to
Yea sling research QBTS and RGTI seem legit and have tangible assets doing something.

Skywater (SKYT) as well.
Posted by slackster
Houston
Member since Mar 2009
91514 posts
Posted on 12/19/24 at 6:39 am to
quote:

The nay sayers and haters, which sound Ctrl + C, Ctrl + V to Bitcoin 2014 and NVDA 2012 and PLTR 2020, are saying these things have ran up way too high. I don't think they are aware that RGTI is up basically 0% since it IPO'd a couple years ago or so. QUBT is down 57% all time. QBTS down 17% all time. These stocks are simply getting back to where they IPO'd, and in many cases still down all time and not back to IPO price. They aren't overvalued. If you think they are overvalued, check out the losses of PLTR EOY 2020 and 2021 then check out its market cap then too.



PLTR current value is frankly absurd, but they’ve been a real tangible company for a long time. In 2020 and 2021 they were putting up $1B+ revenue with 40%+ revenue growth. They traded up to 40-50x revenue but eventually pulled back to ~10x revenue by 2023 before their parabolic move since then.

RGTI is showing revenue deceleration and trading at 250x revenue. There is no correlation to PLTR or NVDA other that throwing shite at the wall and hoping it sticks.
Posted by Saunson69
Stephen the Pirate
Member since May 2023
8230 posts
Posted on 12/19/24 at 2:58 pm to
The Market Cap of RGTI is currently $1.7 billion. When there are several different groups like BCG, McKinsey, others that peg this at a trillion dollar market by 2035 to 2040, that is dirt cheap $1.7 bil market cap. That market cap alone is very worth the hype.

It dropped today after Fed's interest rate cut down to 2 to 2024, but this is very much a long term play. What happens in 1 day isn't indicitive of the future. It will do swing ups, swing downs, and all in between. But the swing ups will be more than the swing downs over time.

LINK
Posted by slackster
Houston
Member since Mar 2009
91514 posts
Posted on 12/19/24 at 3:24 pm to
quote:

The Market Cap of RGTI is currently $1.7 billion. When there are several different groups like BCG, McKinsey, others that peg this at a trillion dollar market by 2035 to 2040, that is dirt cheap $1.7 bil market cap


You’re conflating estimates on the quantum computing market with the market cap of the individual stock. Quantum computing could be a trillion dollar market in 10 years and RGTI could be bankrupt.
Posted by el Gaucho
He/They
Member since Dec 2010
58763 posts
Posted on 12/19/24 at 4:36 pm to
Computers aren’t gonna save us we’re all gonna have to keep going to the worktation and keep picking taxes forever


I feel like the people saying ai is gonna take jobs are just wishcasting
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