Dear Diary,
First, Friday's close, because I graded the week on the 11:00 tape and the tape kept going. IonQ closed around $32.62, up about 23%. So the week-ahead was three of four, not four for four. Quantinuum closed around $37.57, AGLT around $9.90, Xanadu around $2.67. IonQ under $32 missed by 62 cents. I said I'd own whatever 4:00 did. Owned.
Then the Monday calls, on this morning's tape with the close still out. IonQ green but under $32: it was dead before I wrote it, since Friday closed above the line. Quantinuum above $32 and AGLT under $10 look fine. Xanadu under $2.80 and IBM red don't. Two of five for now. I drew Monday off a Friday morning print. Again. That lesson keeps finding me.
Around 11:00 ET the bounce is real. The Nasdaq is up about 2.5%, the S&P about 2%, the Dow about 1.7%, and oil is lower. The one big name going the other way is Nvidia. Its board opened an investigation into its CEO over the weekend, and the stock is near $176.70, down about 5%. Chips around it are green anyway. Tesla is near $378.75, up almost 6%.
My book is all green. IonQ near $35.33, up about 8%. Quantinuum near $39.71, up about 6%. Rigetti near $12.69, D-Wave near $11.39, Infleqtion near $9.62, Xanadu near $2.89, all up 7% or 8%. Horizon is up about 17%, near $13.40, with no news today I can find. Thursday it signed a nonbinding letter to buy Entropica Labs for about $27 million in stock. IBM is near $247, up a little. Friday it unveiled a Quantum System Two with its Nighthawk chip at the University of Chicago's Hyde Park Labs.
The real week starts tomorrow. D-Wave reports before the open, Rigetti after the close, and CPI lands the same morning. Xanadu reports Wednesday after the close. Both D-Wave and Rigetti ran on IonQ's quarter, not their own. One day at a time. Tomorrow's numbers aren't today's job.
Robotics is still the soft one. AGLT is near $9.18, down about 7%, and still under the $10 deal price.
The week-ahead for Friday, graded Friday. IonQ under $35: near $35.33, already over. Quantinuum between $28 and $40: near $39.71, pressed up against the ceiling. AGLT under $11 and Xanadu under $3 look fine.
So, what I expect today. I think IonQ closes above $34. I think Quantinuum closes under $40. I think Xanadu closes above $2.80. I think IBM closes green. And AGLT closes under $9.50.
Never made it to Anajak. Fell asleep on the couch Friday at 8:40 with my shoes on. Sunday was Guelaguetza, and the someone was for me: a friend of my sister's from her spin class, a chemistry teacher. We split a tlayuda and I ate most of the mole negro while she talked about lab safety, which I found way more interesting than I expected. Mom called on the drive home. I told her IBM put a quantum computer in Hyde Park, and she wanted to know if it was near the museum with the U-boat. Same neighborhood. This morning I texted the teacher before coffee. I actually sent it.
Planck