In the grand theater of human folly, where ambition and greed perform their eternal pas de deux, the shares of Quantum Computing (QUBT) have ascended like Icarus on a fourth-day flight. By 9:55 a.m. on this Friday, they soared 22.2%, their trajectory promising a week’s gain nearing 32%. One might call it progress-or perhaps a prelude to combustion.
The architects of this ascent? Not the quantum states of atoms, but the quill of Lake Street Capital Markets, whose analysts, with the solemnity of prophets, have anointed this stock with their benediction of “buy.”
The Prophet and His Quantum Gospel
Yesterday, Maxwell Michaelis, that earnest scribe of Lake Street, declared his entrance into the annals of Quantum Computing’s saga. His missive, though perhaps overlooked amidst the market’s din (for the stock had risen but 3.6% the prior day), bore the weight of a $24 price target and a “buy” rating. Let it be noted: Michaelis, though candid in admitting that “quantum computing is still in its early stages,” deemed this stock “a compelling way to participate in the rapidly growing market.” He praised the company’s “first-mover advantage” and its “long runway for growth,” as though these were virtues in a world where vaporware often masquerades as vision.
Yet herein lies the rub. The analyst’s faith rests on a prophecy: that revenue will surge in 2026 and 2027. But what is prophecy if not the alchemy of hope, transmuting base metals of today into gold coins of tomorrow? For now, Quantum Computing’s coffers hold but $373,000 from all of last year-a sum so paltry it might purchase a single quantum bit of server time-and a mere $100,000 this year, portending a 50% revenue contraction in 2025. To call this trajectory “growth” is to call a whisper a tempest.
The Moral Arithmetic of a Buy
The contrarian investor, that melancholic philosopher of markets, must inquire: Is this stock a buy, or a gambler’s stake? Michaelis’s case hinges on the audacity of prediction, yet boldness in forecasting does not absolve the present of its barrenness. The company’s revenue is a withered vine, its financials a ledger of aspirations. And yet, the market dances-a waltz of momentum traders, their steps light on fundamentals but heavy on the illusion of momentum.
One cannot help but ponder the psychology of such moments. What vanity drives analysts to declare “long runways” when the runway itself is but a mirage? What delusion compels investors to conflate hype with value? The human soul, in its eternal paradox, seeks both meaning and profit, yet too often confuses the two. Is quantum computing a triumph of reason, or merely another idol carved from the wood of our collective hubris?
In twelve months’ time, when the dust settles and the quantum qubits either stabilize or collapse, we shall witness the reckoning. Until then, the market remains a stage where fools and prophets share the spotlight, and the audience claps for both. 🌀
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2025-09-19 18:12