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Government surveys that track the economy are failing. Budgets are shrinking, people are skipping surveys, and economic data we rely on is becoming less trustworthy. This is a big deal—because when the numbers are wrong, decisions that affect markets, businesses, and everyday life go wrong, too. Here’s what’
The S&P 500 Value Index just dropped 3.7%, marking its longest losing streak on record. Meanwhile, Bitcoin smashed past the $100,000 mark, and the Nasdaq climbed to 20,000. To me, it seems that value stocks have been left in the dust, and investors chasing bigger
Almost $10 billion has poured into Bitcoin ETFs since the US election, pushing Bitcoin past the $100,000 mark for the first time. The momentum is crazy, with Bitcoin posting its best winning streak since 2021. With investors pouring in, knowing the risks are more important than ever. Bitcoin’s
The U.S. job market bounced back in November, adding 227,000 jobs, strengthening the case for a Federal Reserve rate cut in December. Meanwhile, corporate buybacks help drive stock prices higher, and data from Bloomberg reveals which sectors thrive—and struggle—after rate cuts. Here’s everything you need
Bitcoin’s price has dropped by more than 70% in a single quarter, but new ETFs are helping investors reduce the risk of those wild swings. Here’s how. For everyone, this volatility makes it hard to justify adding cryptocurrenices to their portfolios. Just look at Bitcoin's price
Quantum computing stocks are taking off in 2024. Is this the start of something big? Let’s take a closer look
Google’s Chip Changes the Game
Google’s new Willow chip, a 105-qubit processor, hit a big milestone:
- Fixed Errors: It solved a 30-year problem by cutting down error rates as qubits increased
🤖
Google’s Willow chip performed a task in 5 minutes that would take today’s computers 10 septillion years
The Quantum Stock Surge
Quantum computing stocks are frothy these past 3 months, fueled by Google’s recent breakthrough:
- Quantum Computing ($QUBT) up 1,777%
- IonQ ($IONQ) up 260%
- Rigetti Computing ($RGTI) up 1,104%
How Google's Stock Reacted
Google’s announcement of the Willow chip caused a quick spike in their stock price. So far this year, $GOOGL is up 41.4%.
Are Quantum Stocks Expensive?
Looking at the Price-to-Sales (P/S) ratios for each company, we see just how pricy these stocks have become compared to a year ago, per morningstar:
- Quantum Computing:
1 Year Ago: 278 → Today: 4,982 - IonQ:
1 Year Ago: 126 → Today: 246 - Rigetti Computing:
1 Year Ago: 8 → Today: 153
The speculation is through the roof! At today’s valuation, buying 1 share of Quantum Computing stock means you’re paying a premium of nearly 5,000 years’ worth of its current annual revenue.
Here's some takeaways:
- Quantum stocks like QUBT and RGTI surged over 1,000% in the 3 three months
- Valuations have soared.. QUBT’s P/S ratio, for example, jumped from 278 to 4,982 in just a year
- This sector is promising, but it's still speculative, with most risk tied to volatility