Hey, remember quantum computing? That was a sector that, last year, was getting a tremendous amount of hype, in spite of no products, no revenues, and certainly no profits. It’s heartening to see some sanity return to the world, as, one by one, these tickers get blown to pieces.
I continue to marvel that the public bought this sleight-of-hand, hook, line, and sinker.
It’s not like I didn’t say anything about how preposterous it was to rush into companies with no profits, no revenues, and no plausible technology. It’s just nonsense.
Looks like the inexplicable passion for buying public companies with absolutely no profits, and virtually zero revenues, might be hitting some air pockets. Here are three quantum computing stocks whose breakouts seem to be, at best, faltering.
