ajtj's Post-Lobotomy Market Charts and Thoughts Message Board

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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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To: ajtj99 who wrote (88954)	1/7/2025 3:12:55 PM
From: ajtj99	Read Replies (1) of 97814

Ed Yardeni had an interesting note recently: On December 9, Google’s stock price rebounded off its 200-day moving average after the company announced that Willow, its latest quantum computing chip “demonstrates error correction and performance that paves the way to a useful, large-scale quantum computer”. The press release didn’t specify how long the way might be to get there. When we do get there, quantum chips might replace GPU chips to power AI software. When AI is combined with quantum computing, science fiction will no longer be fiction. It’s hard to predict the impact of this development on our economy and society. However, it will probably be bad news for blockchain and the cryptocurrencies that depend on it because encryption codes will be easy to hack. For now, that possibility isn’t stopping bitcoin’s ascent.

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