IBM Falls as Amazon Is working On Its Own Quantum Computer and Tesla Gets Wronged by Its Own Employee
IBM stock has fallen following the announcement that Amazon has been laying the groundwork for a quantum computer of its own. It’s being said that Amazon is on a hiring spree to try to increase its staff in its quantum computing division.
As of writing, IBM shares have bounced back and have slightly changed since the news was released. But what could this mean for the company over the long term?
Tesla has been in the headlines more than one can count. This time around, it has to do with a former worker responsible for a $167 million decline in stock price. The whistleblower has agreed to pay the company $400,000 to settle the lawsuit between the two.
Tesla is up over 550% this year and has absolutely shocked the world repeatedly on so many different levels. What’s left for Tesla? Is this current valuation justified or is this just hype?
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.