Quantum bulls are the dumbest people - can’t understand why the CEO of Rigetti and D-Wave dumped ALL their shares. Complete scam of a company! Short $rgti $qbts $ionq
He is playing the waiting game. In 100 years it will be worth millions
1913 Liberty Head Nickel: $4.5 million highest recorded auction value. 1937-D Buffalo Nickel (Three-Legged): $99,875 highest recorded auction value. 1927-S Buffalo Nickel: $250,000 highest recorded auction value
Seaport Global Securities on $NVDA (Sell, PT $140):
"We see Nvidia facing growing competitive pressure."
"To address this, the company has been leaning on a variety of sales mechanisms to adapt. These measures are not fully reflected in financials, but they are already material and look likely to grow significantly next year. We remain negative on Nvidia as signs of competition increase: Nvidia has $26 billion of cloud compute service agreements."
"The company maintains that these will be used for R&D and its DGX offering. We see these as a form of rebate which, if recognized, would take 400bps off gross margins next year, or at least $0.30. Google has surprised with its ability to promote third party use of its internally designed TPUs."
"TPUs are not for everyone, but can outperform Nvidia systems on many metrics. Growing commitments and investments to customers. The company spent $6 billion this year in private companies. It has commitments for another $17 billion (including $5 billion to Intel)."