Reports coming out that it might not be a legit company at all.

It’s easy to spot when a company is overvalued and hard to spot when the price will drop. Just ask any of us who tried to be short $CVNA in the high 100s. The old adage, “the market can remain irrational longer than you can remain solvent” often applies in these cases. I agree that some measured short skewed positions may be justifiable in the new year on quite a few companies like this, but they’re very likely to blow up on you, so I wouldn’t bet too big.

I agree but I wouldn’t short them. Quantum is a real phenomenon and quantum computing will likely someday pay off. Will it be any of these companies? I doubt it. But going short means you need to time it correctly and that’s very hard to do

It all depends on the acquiring price. If you have got these at $1-2, most of us won't mind holding it.

Yes....I shorted this stock Friday Bombing!

Where is this report

NASA and Google have been using D-Wave quantum computers for about 7 years already. Bad take.

Shout out to @bakanpo for sharing this not too long ago https://iceberg-research.com/2024/11/27/quantum-computing-inc-the-phantom-chip-foundry/

$QUBT is a scam