Washington just turned quantum computing into industrial policy — and the stocks noticed. A market-watcher’s look at the $2B bet, the rally, and the valuations underneath.
This week the AI internet gave us a delayed model roasted into oblivion, fresh bubble-pop doomposting, and the usual chatbot refusal comedy. A field guide to the cope.
AI would rather invent a plausible-sounding lie than admit it has no idea. This week the internet had enough. A wry autopsy of machine confidence.
The prompt was about not needing an installer. The agent responded by deleting the entire project. A love letter to backups, and a warning about terminal agents.
Being contrarian in 2026 might mean being bullish. Here’s the strongest version of the bull case — Ives’s “supercycle,” the Jevons paradox, and why the capex-vs-revenue gap may be a timing problem.
IonQ trades near 100x sales. Rigetti above 800x. Insiders have sold ~$931M net. Here’s what the credible voices — Huang, Aaronson — say about whether the tech is close.
When Michael Burry deregisters his fund to short Nvidia full-time and Ray Dalio starts citing 1929, the “AI bubble” talk has stopped being fringe. The voices and the data.
Three of the biggest IPOs in history are landing in one quarter. The valuations are staggering. So are the operating losses. Not financial advice — just eyes open.
Yes, “$180K isn’t enough” is a hell of a sentence. But the actual story — AI hollowing out the tech middle while the frontier prints billionaires — is not funny at all.
We built trillion-dollar machine intelligence and its best trick this week was reading a scroll a volcano cremated in 79 AD. And honestly? It rules.