Quantum Computing Stock Shows Floor with Improved Fundamentals
"Uh I'll transition into my next name which is quantum computing. Your ticker is QBT. It's up about 12%. The company reported here income I will highlight versus a loss in the quarter last year ago. Revenues rose more than 200% here. And they've also built a solid uh liquid position between cash and a recent stock offering. And this caught my attention because this is part of the speculative basket that I just referred to on AI stock that have just you know surged this year uh on high momentum place and uh high hopes on AI uh and then this stock went to fall and it's actually down about 30% uh year to date and this is where fundamentals come in uh and you know putting a floor under this name. So it it is reassuring to see that fundamentals are uh justifying uh some of those uh equity moves uh although uh obviously not the extent of the moves that we have seen earlier this year."
Quantum computing firm QBT, up 12%, has shifted from losses to income with over 200% revenue growth and a strong liquidity position, suggesting that its recent decline has found support from improving fundamentals.
Trade Call: Buy QBTS at $7
"The trade is not buying QBQTs at at 34 bucks. The trade is buying QBTS at $7, riding the first phase of the quantum wave. Then, when it hangs, you rinse and repeat."
The speaker explicitly recommends buying QBTS at $7 as a way to capitalize on the early phase of the quantum computing wave. The emphasis is on entering at a lower price point rather than paying inflated prices, with the plan to exit after the initial surge.
Missed Quantum Trade Entry
"I'm not saying buy RTI at $48. So, I'm not seeing buy high Q at as at $70. You've already missed a trade when I pulled it at 750. The quantum trade from this perspective has already occurred. In other words, if you're waiting for an entry at these levels right now, you're too late."
The speaker offers an explicit trade call regarding quantum-oriented stocks. He dismisses buying RTI at $48 or high Q at $70, asserting that the optimal entry has passed, as he himself entered at 750. This retrospective call highlights his conviction that the quantum play, which involves companies linked to quantum computing and its associated infrastructure, is now a missed opportunity for new entrants.