TL;DR

Two quantum computing stocks, QUBT and RGTI, shot up in price, but be careful! Hype doesn’t equal value. Remember the fidget spinner craze? Even the CEO of RGTI says people’s expectations are too high.

Story

“For all the non-believers…” the post screams. It’s about two quantum computing stocks, QUBT and RGTI, that jumped up in price really fast. Like a cat bouncing off a wall, they went from $6 to $11 in just five days. The post is saying, “See? You were wrong to doubt these stocks!” But hold on a second. Let’s think about this like buying toys. Just because a toy is popular and its price goes up quickly, doesn’t mean it’s actually worth that much. Remember those fidget spinners? Everyone wanted one, the price went crazy, and then…poof. They were everywhere, and nobody wanted to pay much for them anymore. These quantum computing companies might be the same. There’s a lot of hype, but the technology is still very new. Like trying to build a skyscraper with LEGOs - it’s possible, but it’s going to take a long time and a lot of work. Even the CEO of one of these companies, RGTI, is saying people are getting too excited, too fast. He’s basically saying, “Whoa there, folks, this isn’t magic.” So, before you jump on the bandwagon and buy these stocks just because their price went up, remember the fidget spinners. Hype can be deceiving. The CEO’s comment also shows a disconnect between the company’s actual progress and the market’s inflated expectations. And another user commenting that these ‘shitty’ companies are still decades away from real value. It reminds me of the dot-com bubble, where everyone was throwing money at internet companies just because they were ‘internet companies.’ Many of them crashed and burned because they didn’t have real value. It’s easy to get caught up in the excitement, but sometimes, the best thing to do is take a deep breath, step back, and ask yourself, “Is this really worth it?”

Advice

Don’t get caught up in market hype. Do your research and invest in companies with real value, not just exciting stories.

Source

https://www.reddit.com/r/wallstreetbets/comments/1i2onqm/for_all_the_nonbelievers/