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Quantum Computing: Hype vs Reality

Quantum computing stocks just did a faceplant NVIDIAs CEO says useful quantum computers are decades away What does this mean for investors? Find out here:

TL;DR

Quantum computing stocks took a tumble after NVIDIA’s CEO said practical quantum computers are still far off. It’s a reminder that patience is important in investing and not all ‘next big things’ are immediate wins.

Story

Hey there, future billionaires! Ever heard of quantum computing? It’s like the super-duper fast internet of the future, promising to solve problems regular computers can only dream of. So, naturally, some folks got excited and started investing in companies trying to build these quantum machines.

But then, Jensen Huang, the big boss at NVIDIA (they make those fancy graphics cards for gamers), dropped a bit of a bombshell. He said, “Hold your horses, folks, truly useful quantum computers are still decades away!” Imagine waiting for your favorite video game to load… for decades!

Suddenly, the stock prices of these quantum computing companies took a nosedive. It’s like finding out your favorite ice cream flavor is discontinued – total disappointment!

Why the sudden drop? Well, the stock market is a bit like a popularity contest. If people believe something is going to be HUGE, they invest, and the price goes up. But if doubts creep in, they sell, and the price goes down. Jensen’s comment threw a bucket of ice water on the quantum hype.

But here’s the thing: just because something isn’t happening tomorrow doesn’t mean it won’t happen eventually. Remember the internet? It took time to become what it is today. Quantum computing might be the same. It’s just a reminder that investing is a long game, and sometimes, patience is key. Especially with something as complex as turning physics into computers.

So, what’s the lesson here? Don’t put all your eggs in one basket, especially one labeled “the next big thing.” And if you’re thinking about investing, remember, slow and steady wins the race (unless it’s a race against a quantum computer, in which case, good luck!).

Some people even thought Jensen was playing a sneaky trick to mess with the competition. Kind of like hiding the cookies so your siblings don’t get any. But it’s more likely he’s just giving a realistic timeline.

One Reddit user pointed out that even if quantum computing doesn’t take off, one of these companies, Rigetti, can always fall back on selling…pasta sauce! See, there’s always a silver lining!

Now, don’t worry if all this sounds confusing. Investing can be tricky, so it’s always good to learn more and talk to a financial advisor before making any big decisions. After all, knowledge is power, and in the world of money, that’s even more true!

Advice

Don’t invest based on hype. Do your research, be patient, and remember that even futuristic tech takes time.

Source

https://www.reddit.com/r/wallstreetbets/comments/1hw9eji/quantum_computing_stocks_drop_after_hours_after/

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