Overview Of The Week 3: A Quantum Leap?
Does Google push the boundaries of quantum computing?
Hi Multis
Another week in the review mirror, another Overview Of The Week. Regularity can be great, right?
Let's go.
Articles in the past weeks
Just like last week, this is only the third article. That's on the low side of the spectrum for Potential Multibaggers and I can already say that in the upcoming week, you'll get much more.
In the first article this week, I analyzed Mercado Libre’s (MELI) earnings and looked whether the pessimism after the earnings was warranted or not.
In the second article, you got the first Potential Multibaggers pick.
Memes Of The Week
3 memes that passed the selection this week.
I think this is funny because we see more and more people on X (the former Twitter) bragging about their returns.
This is another one I got from the value investor I shared a meme from last week.
And yes, it's true, of course. People are really not rational investors. So, forget about the efficient market theory.
The third one is not directly associated with investing, but it says something about investing.
The AI caption is funny but it also shows that we are only at the very beginning of the long evolution AI will have. This is like the internet in 1998.
Interesting Podcasts Or Books
Last week, I wrote that I started the Walter Isaacson book about Elon Musk. I read exactly 300 pages in this book this week. I didn't listen to podcasts. But I put this one on my list to watch and listen.
The markets in the past week
This week, the Nasdaq was up by 0.34%, while the S&P 500 was down 0.64% and the Russell 2000 was down 2.58%.
The Greed & Fear Index remained in Neutral.
Quick Facts
1. The Roku Channel keeps growing!
The Nielsen numbers for Total TV and Streaming for November 2024 show that The Roku Channel keeps doing better and better. It's now the shared number 5 together with Disney+. Only Hulu, Amazon Prime, Netflix, and YouTube are watched even more.
2. The Government Needs Strong Markets
Have you ever wondered why the government, through the Fed, which is officially independent but in reality not completely, intervenes in markets? I came across this quote from Alan Greenspan, the legendary Fed Chair:
I think you should not forget this.
Google: Quantum Hype or Real Progress?
By Kris
This week, Google's (GOOGL) (GOOG) stock shot up to new all-time highs.
Source: Finchat, the best charting, screening and finance AI tool
But how many people actually really understand what's going on? If you ask them, they say: quantum computing. They can sometimes name it: Willow. But if you go deeper, they have to admit they don't really know.
I looked a bit deeper to understand this. Here’s the gist: Google conducted experiments with pseudo-random quantum circuits to show the capabilities of quantum computers.
Don't get me wrong, this is impressive. But this is NOT the leap towards quantum dominance some make of it. It's a step in refining computation accuracy.
We are nowhere near the era when quantum computers can challenge cryptographic systems like Bitcoin’s or banking security. I see people saying this could happen within 2 to 5 years, but I think that's very optimistic. 8 to 10 years? Maybe. Or longer.
For Google, this is more marketing than anything else. Of course, quantum computing is advancing, and Google wants to show that it will be a leader there. But don't forget that they were also the leader in AI but were still left in the dust by OpenAI.
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