Free Republic

A leading scientist’s warning about intensifying technological competition has been interpreted by the market as a starting gun. Shares of U.S. quantum computing companies soared after John Martinis, a 2024 Nobel Prize laureate in physics, stated in a recent Bloomberg interview that China is catching up rapidly, with the U.S. lead potentially narrowed to “nanoseconds.” The episode highlighted how geopolitical anxiety can fuel a market frenzy. “China has caught up quickly… I’m worried that maybe we’re nanoseconds ahead of them,” Martinis said. While intended as a serious warning about eroding U.S. technological supremacy, the financial market drew a different implication:...