March 23, 2025

🔙 Throwback Thursday for 2025-03-20

This edition dives into the fallout when a CEO's words cost billions and the eventual recovery.

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(Scroll to the end…)

One headline for Thursday Throwback caught my eye.

⚛️ + 📉 Question: What happens when one CEO utters a few ill chosen words that wipes away BILLIONS in market cap of OTHER companies?

Techmeme: Major quantum computing stocks, up 300%+ in the past year, fell on January 7 after Jensen Huang said “very useful” quantum computers are likely decades away (Jeran Wittenstein/Bloomberg)

By Jeran Wittenstein / Bloomberg. View the full context on Techmeme.

⚛️ + 📈 Answer: ~10 weeks later, that one CEO might say mea culpa and invite those OTHER companies on stage and allow them to retort.

Techmeme: Nvidia CEO Jensen Huang walks back his January 2025 comments casting doubt on useful quantum computing within 15 years, which triggered a quantum stock sell-off (Kif Leswing/CNBC)

By Kif Leswing / CNBC. View the full context on Techmeme.

Note: Some images via Unsplash

Disclosure

I am linking to my disclosure.

Cuthrell Consulting LLC
Attn: Jay Cuthrell
1903 Live Oak St #92
Beaufort, NC 28516-0092

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