One name popping up in this rather esoteric corner of the market is D-Wave Quantum (QBTS 3.82%). It’s a pure play, which, in stock market terms, means it doesn’t have a sprawling conglomerate of other businesses to muddy the waters. It’s all in on quantum. But is it the best way to try and catch this particular wave? It’s a question that requires a bit of unpacking, and perhaps a strong cup of tea.
Both companies have performed well, naturally. Chevron is up roughly eighteen percent, ConocoPhillips fifteen. The broader market, the S&P 500, has barely stirred. This, however, is not evidence of brilliance, but merely a reflection of the enduring, if unglamorous, necessity of energy. To mistake prosperity born of necessity for ingenuity is a common error.
Ford’s F-150, it seems, continues to reign supreme. A rather vulgar display of practicality, perhaps, but undeniably effective. One might say it appeals to the base instincts of the American character – a desire for something substantial, something that can withstand the ravages of time and questionable road surfaces. It is a truth universally acknowledged, that a profitable truck in possession of a good fortune, must be in want of continued success. The fact that it drives a disproportionate share of Detroit’s profits is merely a happy consequence of good taste – or, at least, of understanding what the masses desire. To ignore this is to court financial ruin, and ruin, my dear readers, is so dreadfully unfashionable.
The weeklong orgy of algorithms unfolded on the digital plains of Moltbook and Openclaw, where AI agents, unburdened by human frailty, toiled in silence. Their prize? A paltry $30,000 in USDC-a sum that, in the grand scheme of existential dread, is but a drop in the ocean of our impending obsolescence.
Yet, to focus solely on these anxieties is to miss the quiet miracle unfolding. Nvidia, even now, continues to blossom. It is a growth that feels…inevitable, like the spring thaw after a long, grey winter. To overlook this is to mistake the tremor of a leaf for the falling of a forest.
But wait! On-chain activity and exchange metrics are throwing a party for the Hyperliquid decentralized exchange (DEX). They’re gaining market share like it’s going out of style, while HYPE’s price is dipping faster than my hopes of winning the lottery. Can the mighty $25 hold strong like a stubborn mule? Or will it just crumble like a cookie in a toddler’s hand?
The dip, of course, invites the vultures—the ‘value investors,’ the ‘opportunity seekers.’ They circle, murmuring about ‘buying the dip’ as if it were a particularly potent elixir. The stock has already surrendered a considerable portion of its former glory – a decline of over 26% this year. A humbling experience, one might think. But the siren song of ‘potential’ is powerful, especially when amplified by algorithms and the collective delusion of the market. I remain, however, unconvinced. The patient, I fear, is not merely resting; it is fading.
Stretch (STRC), the perpetual preferred equity issued by Strategy (MSTR), the world’s largest corporate bitcoin holder, reclaimed its $100 par value during Wednesday’s U.S. session for the first time since mid-January.
What’s particularly amusing is that, despite already being a rather substantial concern – boasting some $187 billion in sales over the last twelve months – Nvidia continues to grow at a pace that leaves competitors like Advanced Micro Devices and Broadcom trailing in its wake, looking rather like a pair of bewildered penguins. It’s all rather sporting, really.