Stephen Tobin

Financial Analyst publishing on SeekingAlpha and Substack. Investing in small caps emerging technology companies for above market returns

[Stephen Tobin @Stephen_Tobn]

@genejchan At least we both agree that previosly they were not telling the truth, as you say we will find out soon enough if they are telling the truth now. I maintain they do not have a path to scaled error corrected quantum computing.

[Stephen Tobin @Stephen_Tobn]

@genejchan That is kind of the point they said they had the tech before they bought Oxford

[Stephen Tobin @Stephen_Tobn]

That is probably my biggest issue, they always claim they have the solution and they are just about to deliver but they never actually do. As you know they threatened me with legal action after my SeekingAlpha article but everything I said turned out to be true including the statement that they have no viable path to scaling and error correction. Despite their massive acquisition strategy that attempted to plug the gaps in the tech I still think my statement is true.

[Stephen Tobin @Stephen_Tobn]

@JoseyWalesPace @NervousWinter @TokenAD_ @MaxoGedeon @tZERO That’s not the article just the intro

[Stephen Tobin @Stephen_Tobn]

@TokenAD_ @tZERO Could always ask me

[NuntiumtZ @TokenAD_]

🤔 Who's @Stephen_Tobn talking about “Buying The Next Gen of Mkts: Architecture of the Next Trillion-Dollar Market”
• $1B mkt value
• First‑mover adv.
• Patent portfolio + defensible moat
• Regulated toll‑bridge for trillions in RWA tokenization @tZERO https://t.co/lBFzzsct4x

[Stephen Tobin @Stephen_Tobn]

@genejchan What is your view on the recent short report

[Stephen Tobin @Stephen_Tobn]

No, they did buy Oxford to try to solve some problems, problems they preciously said they didn’t have, but I don’t believe it will work. Even if it does, and they solve the error correction issue they cannot solve the gate speed issue. I don’t think the gate speed issue will ever matter because the other problems will stop them ever making a working machine.

[Stephen Tobin @Stephen_Tobn]

Check this out. Gemini thinks I am a specialized sniper rifle

[Stephen Tobin @Stephen_Tobn]

Sold $ACMR this morning, booked a 100% return on two positions. The stock looks like it may be near a top just below my initial target of $55, entry positions in green. Of course you never know it could go higher but I am happy with the profit

[Stephen Tobin @Stephen_Tobn]

Weekly update and review of cash strategy needed for the $250 to $100K project

https://t.co/hVXfIy4oBo

[Stephen Tobin @Stephen_Tobn]

A volatile week but managed to get a small profit thanks to $ASPI, added to the existing position last week and picked up a nice move

[Stephen Tobin @Stephen_Tobn]

Outperformed the S&P 500, Nasdaq, and ARKK with an 85% return in 2025. See the full portfolio strategy and my 2026 outlook, defined by Agentic AI and Quantum progress.
https://t.co/KzM8BVfHMm

[Dr. Hugh Bitt @Cat_States]

The year is nearly over. Let's look at the performance rankings the quantum companies DON'T want you to see.

This isn't revenue. It isn't qubit counts. It isn't roadmap promises.

It's how much stock insiders have sold in 2025:
🥇 $IONQ — $440M
🥈 $QBTS — $111M
🥉 $RGTI — $39M
4th: $QUBT — $33M

Over $600M in insider sales across just four companies.
These are the people who know the technology best. They've seen the roadmaps. Publicly they're saying they're the "next NVIDIA", but their stock sales suggest the opposite.

Draw your own conclusions. 🤷‍♂️

[Stephen Tobin @Stephen_Tobn]

I remain convinced that IONQ do not have the tech to scale to the required number of qubits. I am think the recent press release suggesting multiple small quantum computers will be better than one big one is their way of admitting this. IONQ remains the only company to have threatened me when I published an article on them. I will repeat the main points again, IONQ do not have the technology to scale their quantum machine nor the ability to error correct it into a usable device

[Stephen Tobin @Stephen_Tobn]

December going well, the path to $100K from $250 a month on target with annualized return remaining above 100%. The portfolio looks very strong and still has $6k in cash so a lot of firepower for 2026

[Stephen Tobin @Stephen_Tobn]

Back home for Christmas, December had five trades with pretty good returns