Latest news with #StephenGuilfoyle
Yahoo
a day ago
- Business
- Yahoo
Surprising tech giant aims to lead quantum computing revolution
Surprising tech giant aims to lead quantum computing revolution originally appeared on TheStreet. The fast-growing world of quantum computing took a shocking turn this week, as a former industry leader revealed some unexpected news. Over the past few weeks, many quantum computing stocks have performed extremely well, boosted by a few clear catalysts that have generated significant momentum. This list includes companies such as D-Wave Systems and Quantum Computing. 💵💰💰💵 Fellow quantum computing leader IonQ made headlines recently when it announced a major acquisition, sending shares up. But more recently, a former giant of the tech sector revealed ambitious plans to step into the quantum computing market and offered a timeline for its vision. Even as the sector has grown recently, companies in the quantum computing space have often been overshadowed by their peers in the artificial intelligence (AI) field. However, these recent developments suggest that industry tides could be about to shift as tech leaders double down on quantum. Quantum computing leverages the principles of quantum mechanics to perform computational tasks at an extremely fast rate. This is accomplished by utilizing quantum bits (qubits) of information, enabling quantum computers to solve problems more efficiently than classical company known for producing classical computing machines has just announced a major pivot into the quantum industry, though. IBM, () one of the first companies to dominate the personal computing space, has revealed that it is working on building the world's first large-scale quantum computer that can operate with no errors. Stephen Guilfoyle, a veteran Wall Street trader who correctly predicted the rise of quantum computing last year, recently discussed IBM's new venture in an analysis for TheStreet Pro, highlighting what it means for the company and industry. 'This upcoming system, to be known as "IBM Quantum Starling," will be expected to perform up to 20,000 times more operations than what we currently refer to as quantum computers, he states. 'Complex quantum states far beyond our current capabilities and even current imagination will be tackled by this system.' He adds that if IBM's plan progresses, the quantum Starling system will have the power to 'access the computational power required for its processes by running 100 million quantum operations using 200 logical qubits,' ultimately paving the way for IBM Quantum Blue Jay, a system capable of executing one billion quantum operations. News of IBM's quantum computing plans sent IMB stock to a new record high, while boosting other quantum stocks such as Quantum Computing Inc and integrated circuit producer Rigetti Computing. While not all companies in the sector experienced this momentum, it is clear that IBM's announcement is seen as a bullish indicator for the industry. More Quantum Computing News: Veteran analyst who predicted quantum computing stocks rally unveils IonQ stock price target IonQ CEO's strong 4-word message sends stock soaring Analyst flags new quantum computing stocks to buy 'Our expertise across mathematics, physics, and engineering is paving the way for a large-scale, fault-tolerant quantum computer — one that will solve real-world challenges and unlock immense possibilities for business,' states CEO Arvind Krishna. This news has overshadowed another recent announcement regarding IBM and quantum computing. But SEEQC, a company that produces scalable and efficient quantum technologies, has revealed a strategic collaboration with IBM, as part of the U.S. Defense Advanced Research Projects Agency's (DARPA) Quantum Benchmarking Initiative (QBI).SEEQC founder and CEO John Levy shared with TheStreet that he sees this collaboration as having major implications for both companies, as well as for the quantum computing field. He notes that the company's roadmap offers IBM a path to launch the fault-tolerant quantum computer it is planning. 'We're working together to explore how our ultra energy-efficient digital chips can help power IBM's quantum systems, and if successful, it will be a major leap forward to building practical, scalable quantum computers — not just in research labs, but in real-world data centers for businesses and government,' he states. Levy describes IBM as a leader in the quantum computing field, adding that his company sees its supercomputer plans as a 'turning point for the industry.' Nvidia CEO Jensen Huang recently made a similar statement, revealing that he believes it is reaching an 'inflection point' in the fairly near future. Surprising tech giant aims to lead quantum computing revolution first appeared on TheStreet on Jun 12, 2025 This story was originally reported by TheStreet on Jun 12, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Miami Herald
a day ago
- Business
- Miami Herald
Surprising tech giant aims to lead quantum computing revolution
The fast-growing world of quantum computing took a shocking turn this week, as a former industry leader revealed some unexpected news. Over the past few weeks, many quantum computing stocks have performed extremely well, boosted by a few clear catalysts that have generated significant momentum. This list includes companies such as D-Wave Systems and Quantum Computing. Don't miss the move: Subscribe to TheStreet's free daily newsletter Fellow quantum computing leader IonQ made headlines recently when it announced a major acquisition, sending shares up. But more recently, a former giant of the tech sector revealed ambitious plans to step into the quantum computing market and offered a timeline for its vision. Even as the sector has grown recently, companies in the quantum computing space have often been overshadowed by their peers in the artificial intelligence (AI) field. However, these recent developments suggest that industry tides could be about to shift as tech leaders double down on quantum. Bloomberg/Getty Images Quantum computing leverages the principles of quantum mechanics to perform computational tasks at an extremely fast rate. This is accomplished by utilizing quantum bits (qubits) of information, enabling quantum computers to solve problems more efficiently than classical machines. Related: Nvidia CEO sends blunt 7-word message on quantum computing One company known for producing classical computing machines has just announced a major pivot into the quantum industry, though. IBM, (IBM) one of the first companies to dominate the personal computing space, has revealed that it is working on building the world's first large-scale quantum computer that can operate with no errors. Stephen Guilfoyle, a veteran Wall Street trader who correctly predicted the rise of quantum computing last year, recently discussed IBM's new venture in an analysis for TheStreet Pro, highlighting what it means for the company and industry. He adds that if IBM's plan progresses, the quantum Starling system will have the power to "access the computational power required for its processes by running 100 million quantum operations using 200 logical qubits," ultimately paving the way for IBM Quantum Blue Jay, a system capable of executing one billion quantum operations. News of IBM's quantum computing plans sent IMB stock to a new record high, while boosting other quantum stocks such as Quantum Computing Inc and integrated circuit producer Rigetti Computing. While not all companies in the sector experienced this momentum, it is clear that IBM's announcement is seen as a bullish indicator for the industry. More Quantum Computing News: Veteran analyst who predicted quantum computing stocks rally unveils IonQ stock price targetIonQ CEO's strong 4-word message sends stock soaringAnalyst flags new quantum computing stocks to buy "Our expertise across mathematics, physics, and engineering is paving the way for a large-scale, fault-tolerant quantum computer - one that will solve real-world challenges and unlock immense possibilities for business," states CEO Arvind Krishna. This news has overshadowed another recent announcement regarding IBM and quantum computing. But SEEQC, a company that produces scalable and efficient quantum technologies, has revealed a strategic collaboration with IBM, as part of the U.S. Defense Advanced Research Projects Agency's (DARPA) Quantum Benchmarking Initiative (QBI). Related: Quantum computing news sends D-Wave Quantum's stock price surging SEEQC founder and CEO John Levy shared with TheStreet that he sees this collaboration as having major implications for both companies, as well as for the quantum computing field. He notes that the company's roadmap offers IBM a path to launch the fault-tolerant quantum computer it is planning. Levy describes IBM as a leader in the quantum computing field, adding that his company sees its supercomputer plans as a "turning point for the industry." Nvidia CEO Jensen Huang recently made a similar statement, revealing that he believes it is reaching an "inflection point" in the fairly near future. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
3 days ago
- Business
- Yahoo
Veteran analyst who predicted quantum computing stocks rally unveils IonQ stock price target
Veteran analyst who predicted quantum computing stocks rally unveils IonQ stock price target originally appeared on TheStreet. One group of tech stocks has been surging significantly since the start of 2025, with several members rising more than 100% for the past six months. And no, it's not artificial intelligence (AI). Quantum computing is often overshadowed by AI, in part because its technology isn't as widely understood or followed. But some of the industry's most prominent names have demonstrated significant growth, catching the eye of Wall Street. 💵💰💰💵 Most companies in the space produce a type of technology that leverages the principles of quantum mechanics to perform computational tasks at a much faster rate than classical machines. They do this by using quantum bits (qubits) of information to solve problems at extremely high speeds. Now, one financial expert who has followed quantum computing stocks for a long time has a new prediction for IonQ () , one of the industry's leading names. When a stock rises from $8 per share to more than $40 over the course of a calendar year, it's hard not to notice its progress. That's exactly what happened to IonQ, a Maryland-based quantum computing company that produces both hardware and is primarily known for successfully developing and commercializing trapped ion technology, a 'type of quantum computing in which computations are performed by ionized atoms that can be precisely controlled, creating a more stable user experience.' Most recently, IonQ made headlines after announcing that it agreed to acquire Oxford Ionics, a quantum computing startup that spun out of the UK's Oxford University in a $1.1 billion all-stock deal. IONQ surged on news of the deal; several other quantum computing stocks are in the green as well. Stephen Guilfoyle, a veteran Wall Street trader who recognized the quantum computing industry's growth potential before many other investors, sees strong potential for these stocks to continue rising as IonQ maneuvers to expand its reach. 'The idea, for IonQ, is to bring together the firm's quantum computing capabilities and networking stack with Oxford's ion-trap technology on standard semiconductor chips,' he states. 'The end goal is to deliver innovative, reliable quantum computers that reflect increased power, scale, and capability.' Guilfoyle follows quantum computing stocks diligently. In December 2024, he revealed positions in both Quantum Computing Inc QUBT and D-Wave Systems QBTS, both of which have performed extremely well since then. More recently, in a post for TheStreet Pro, the analyst revealed that he remains bullish on both stocks, indicating high hopes for the industry, despite a premature exit from his D-Wave position. More Quantum Computing News: Quantum computing leader has blunt, 9-word take on Nvidia stock Nvidia, Dell announce major project to reshape AI Quantum computing news sends D-Wave Quantum's stock price surging Now, he sees potential for IonQ stock to make significant progress as well, adding: 'As of the end of the March quarter, IonQ had a cash position of $588.3 million and current assets of $637 million. The firm had no debt on the books whatsoever. At that pace, even without revenue, which hopefully is not likely, this balance sheet is in a good place.' IonQ's recent acquisition isn't the only catalyst that has pushed shares up recently. Late in May 2025, CEO Niccolo de Masi stated that he believed his company could become the 'Nvidia of quantum computing,' a move that sent IONQ stock the acquisition news, though, Guilfoyle took the opportunity to examine IONQ stock's trading habits, flagging an interesting pattern that he saw as a potentially bullish indicator. While the analyst noted that quantum computing stocks remain highly volatile overall, he added, 'the door, in my opinion, opens to prices possibly as high as $59. The stock's all-time high, set back in January, is $54.74.' As IonQ's current share price hovers around $40 per share, Guilfoyle's prediction represents significant upside potential. As he noted, the sector is still volatile and hard to predict, but IonQ is focused on growth and may be in a position to keep analyst who predicted quantum computing stocks rally unveils IonQ stock price target first appeared on TheStreet on Jun 10, 2025 This story was originally reported by TheStreet on Jun 10, 2025, where it first appeared.
Miami Herald
3 days ago
- Business
- Miami Herald
Veteran analyst who predicted quantum computing stocks rally unveils IonQ stock price target
One group of tech stocks has been surging significantly since the start of 2025, with several members rising more than 100% for the past six months. And no, it's not artificial intelligence (AI). Quantum computing is often overshadowed by AI, in part because its technology isn't as widely understood or followed. But some of the industry's most prominent names have demonstrated significant growth, catching the eye of Wall Street. Don't miss the move: Subscribe to TheStreet's free daily newsletter Most companies in the space produce a type of technology that leverages the principles of quantum mechanics to perform computational tasks at a much faster rate than classical machines. They do this by using quantum bits (qubits) of information to solve problems at extremely high speeds. Now, one financial expert who has followed quantum computing stocks for a long time has a new prediction for IonQ (IONQ) , one of the industry's leading names. When a stock rises from $8 per share to more than $40 over the course of a calendar year, it's hard not to notice its progress. That's exactly what happened to IonQ, a Maryland-based quantum computing company that produces both hardware and software. Related: Analyst flags new quantum computing stocks to buy IonQ is primarily known for successfully developing and commercializing trapped ion technology, a "type of quantum computing in which computations are performed by ionized atoms that can be precisely controlled, creating a more stable user experience." Most recently, IonQ made headlines after announcing that it agreed to acquire Oxford Ionics, a quantum computing startup that spun out of the UK's Oxford University in a $1.1 billion all-stock deal. IONQ surged on news of the deal; several other quantum computing stocks are in the green as well. Stephen Guilfoyle, a veteran Wall Street trader who recognized the quantum computing industry's growth potential before many other investors, sees strong potential for these stocks to continue rising as IonQ maneuvers to expand its reach. Guilfoyle follows quantum computing stocks diligently. In December 2024, he revealed positions in both Quantum Computing Inc QUBT and D-Wave Systems QBTS, both of which have performed extremely well since then. More recently, in a post for TheStreet Pro, the analyst revealed that he remains bullish on both stocks, indicating high hopes for the industry, despite a premature exit from his D-Wave position. More Quantum Computing News: Quantum computing leader has blunt, 9-word take on Nvidia stockNvidia, Dell announce major project to reshape AIQuantum computing news sends D-Wave Quantum's stock price surging Now, he sees potential for IonQ stock to make significant progress as well, adding: "As of the end of the March quarter, IonQ had a cash position of $588.3 million and current assets of $637 million. The firm had no debt on the books whatsoever. At that pace, even without revenue, which hopefully is not likely, this balance sheet is in a good place." IonQ's recent acquisition isn't the only catalyst that has pushed shares up recently. Late in May 2025, CEO Niccolo de Masi stated that he believed his company could become the "Nvidia of quantum computing," a move that sent IONQ stock surging. Related: IonQ CEO's strong 4-word message sends stock soaring Following the acquisition news, though, Guilfoyle took the opportunity to examine IONQ stock's trading habits, flagging an interesting pattern that he saw as a potentially bullish indicator. While the analyst noted that quantum computing stocks remain highly volatile overall, he added, "the door, in my opinion, opens to prices possibly as high as $59. The stock's all-time high, set back in January, is $54.74." As IonQ's current share price hovers around $40 per share, Guilfoyle's prediction represents significant upside potential. As he noted, the sector is still volatile and hard to predict, but IonQ is focused on growth and may be in a position to keep rising. Related: Billionaire fund manager, skeptical of AI, backs shocking stock The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
7 days ago
- Business
- Yahoo
Veteran trader turns heads with Netflix comments
Veteran trader turns heads with Netflix comments originally appeared on TheStreet. When in Rome, you may want to avoid the Colosseum. Back in ancient times, the Romans used the massive amphitheater to stage all kinds of spectacles, including gladiator contests, so sitting in the cheap seats was a good way to ensure you'd make it home for dinner. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰💵 Running a successful company can feel a bit like walking into an arena, although the body count tends to be a little lower. Nevertheless, survival of the fittest is still the No. 1 rule. Streaming giant Netflix () has been taking on all comers over the years. The Los Gatos, Calif., company. founded in 1997 as a mail-order-DVD-rental operation, began offering streaming services a decade later. TheStreet Pro's Stephen Guilfoyle remembers those early days, when he took short positions on Netflix a few times when the company faced serious competition in the streaming space. Rivals included Disney+ and the Disney () bundle that came with Hulu and ESPN+. Comcast's () Peacock and Paramount Global's () Paramount+. "In came a host of competitors with their own legacy-driven portfolios of content," the veteran trader said in his recent column. "How could Netflix have not been overpriced as those kinds of players entered into an arena that had been dominated by one name?" Yet in those early days, each and every time Guilfoyle played Netflix from the short side (betting on a stock-price drop) going into the earnings report, he ended up spending weeks managing risk, doing his best to minimize the damage. "Damage done as Netflix sped off into the sunset and laughed at my foolishness," he said. Gradually, Guilfoyle, whose career dates to the floor of the New York Stock Exchange in the 1980s, learned to avoid shorting Netflix. But don't get him wrong, as he'll trade anything from either side on a short-term or momentum-driven basis, "from Netflix to hubcaps to baseball cards." "That said, I haven't shorted Netflix as an investment for years now. That was a lesson painfully learned," Guilfoyle said. "Much to my amazement, Netflix is still the king of streaming entertainment as legacy media continues to rot from within." "While those competitors watch their legacy businesses erode, they all struggle to run their streaming operations profitably," he added. "Netflix? Yes, Netflix keeps on growing its subscription base and keeps on posting chunky numbers for profitability. Quarter after quarter." More Wall Street Analysts: Wells Fargo analysts reboot stock price targets after Fed action Apple analyst raises alarm about earnings, revenue growth Analyst initiates SoFi coverage, mulls loans, growth prospects Guilfoyle tipped his cap to Executive Chairman Reed Hastings for never losing focus and took off his hat to Co-CEOs Ted Sarandos and Greg Peters, "who took on the roles of day-to-day leadership two and half years ago now without the firm ever skipping a beat." He suggests: "Take some profits if one is already long? We always like to take the principal out of long positions if we can and get down to house money. I won't be getting short this name. Been there, done that. "Would I buy the shares if there were to be a period of consolidation?" he asked. Using technical analysis he says yes — but "a lot lower ... at $1,078 right now." The stock closed June 5 regular trading up 0.9% at $1,250.52. Shares of Netflix, which recently wrapped up its Tudum 2025 fan event, are up about 41% in 2025 and have nearly doubled (up 93%) from a year ago. Several investments firms recently issued research reports on Netflix, including Bank of America Securities, which raised the its price target on the company to $1,490 from $1,175 and kept a buy rating on the shares. "Netflix has been a top performer in our coverage, and we continue to view the company as well-positioned moving forward," the firm said in a research note. B of A said it still saw Netflix as "well-positioned given the company's unmatched scale in streaming." It has "further runway for subscriber growth, significant opportunities in advertising and sports/live and continued earnings and free cash flow growth." The return of Netflix's three most watched series — "Squid Game" on June 27, "Wednesday" on Aug. 6 and "Stranger Things" in the second half — alongside new releases support healthy subscriber retention and growth, the firm said. "Finally, key live events such as boxing from Madison Square Garden (produced by Most Valuable Promotions/Jake Paul), and strong NFL Christmas Day matchups will boost Netflix's ad-supported efforts," B of A ISI raised its price target on Netflix to $1,350 from $1,150 and affirmed an outperform rating following US and UK survey work. Netflix is facing a "very large" total addressable market of $650 billion-plus global entertainment revenue, excluding China and Russia, of which it still accounts for less than 10% share, the firm said, according to The Fly. Evercore says the company has an "extremely strong and growing value proposition" and an "excellent track record of innovation." Netflix's business model has been inflecting up with wider operating margins and more free cash flow, enabling it to buy back shares and eventually pay a dividend. "In the event of a recession, Netflix's $7.99 ad-supported offering might be the single greatest entertainment value in the land," Evercore said, saying that the core Netflix metrics it monitors were mixed to positive in both the US and the trader turns heads with Netflix comments first appeared on TheStreet on Jun 5, 2025 This story was originally reported by TheStreet on Jun 5, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
