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U.S. stock futures were mixed on Wednesday, as the S&P 500 and Dow Jones indices rose, while Nasdaq 100 and Russell 2000 declined.
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The Nasdaq 100 fell 1.5% at midday Friday as memory chips and AI-debt names sold off, while Fed Chair Warsh declined to rule out an October hike after hot CPI and PPI. WTI held near $96, the 10-year yield hovered around 5.1%, gold bounced toward $4,200 and bitcoin traded near $81,300.
Bitcoin struggles near $83,000 as analysts favor five altcoins tied to DeFi, tokenized stocks and AI infrastructure.
Raoul Pal calls Ethereum wildly undervalued, while backing Bitcoin, Solana, Sui and Zcash ahead of a liquidity shift.
XRP may drop to $1.22 before recovering, with bullish targets of $3–$4 or $9–$13; Bitcoin and Ethereum could see further selloffs first.
Quantum computing companies remain years away from profitability, with most relying on stock sales rather than customer revenue. IBM has the financial capacity to wait until 2028-2029, IonQ shows real revenue growth but heavy cash burn and dilution, while D-Wave and Rigetti have promising bookings but minimal revenue. Alphabet and Nvidia are positioned as bystanders rather than quantum revenue stories.