IBM

arter_dev

OP is right. I build agentic harnesses & workflows for a living. Unfortunately I have to live / eat / breath the intersection of LLMs & developers. Devs are not giving two shits about which model they're using. Whichever is cheapest and governable in a harness. There's no loyalty. It's a total commodity. They bounce around from providers almost by the week. This is 100% a railroad situation. The only devs sticking with the same providers reliably are those employed by enterprise, which just sets us up for an identical structure of IBM mainframes back in the 80s. It will be a blip of rev in a sea of debt. I have 5 providers wired into my own harness, but at work I'm stuck with Claude. Positions: all VOO.

Odd-Web4113

Agree with IBM, but also we are a decade out...so doing a pure play in this space will prove to be high cash burn as they stabilize and commercialize the tech. Hence, IBM is prob the best bet for the next 5 years to be in the space without the going concern risk.

LeekHuge8011

Wtf?? HP, NVidia, IBM and Infineon hit my SL lol... American doing american things..

Mr_Doghouse

IBM.

Salt_Contract342

Also, IF you buy into IONQ which is purely a quantum play, why wouldn't you fw IBM who has a leg up in the field? Legit question

Valkyrie_Skuld

IBM is like a cockroach

Salt_Contract342

For an actual bag? NOK IONQ INFQ And as gey at is sounds, even IBM has been paying off since the 25% dip Pretty much inverse everything here

Salt_Contract342

Probably gold. But I am going to add to my MU, IBM and INFQ bags, so do not do that because I am an idiot usually.

Trxdes

Exactly! It´s been interesting to read the answers and to do my own research. I don´t think I´m comfortable betting it on one (or multiple) hot companies at the present. Think I will settle on some GOOG / IBM indeed and a little bit in an Quantum ETF can´t hurt. It is purely a speculative play, so only with money I really don´t care to lose. But the many people saying that quantum will never work, does give me the opposite thoughts and shows we are really just early. AI was scifi before not long ago and we adjusted way too quick :)

Agitated_Trash203

I think most sane people agree investment in pure-play quantum stocks at present is very risky and essentially a gamble - and I think it’s prudent advice to recommend GOOG / IBM for quantum exposure since they are part of that world but have very healthy and profitable businesses outside of quantum - 100% agree. What’s strange to me is the number of people claiming quantum will never work or be useful or viable. Has human history not proven that we always make unthinkable technology a reality? The airplane? The internal combustion engine? The semiconductor? The internet? Rockets or satellites? Antibiotics? I’m not arguing that quantum is a good investment for your money - who knows - but that’s my point - who actually knows? Humans have continuously innovated new technologies since we’ve existed and we’ll always continue to do so. No one knows what we’ll come up with or discover next.

Traditional_Ad_2348

I think GOOGL is too caught up with datacenter build out atm. IBM is the only large tech company that is really focused on quantum whereas the hyperscalers mostly invest in quantum as a sideshow. Literally haven’t heard anything from MSFT GOOGL or AMZN in regards to quantum since last spring, but IBM CEO is always preaching quantum when I see him interviewed on CNBC.

RZDirInvest

I have no edge on quantum so I spread out IBM, IONQ, QBTS, QUBT, RGTI, INFQ. The first three have higher weights. All are optimized for high volatility.

grantresolve

I skip quantum entirely. Nobody knows when the technology will come, if ever. Nobody knows who will ultimately develop the technology, be it IBM or some researchers at Stanford who ultimately set up their own private firm. Nobody knows who will successfully be able to capitalize on the tech either. Quantum is basically just an early stage venture play with the understanding most investments will never bring a return.

BashfulRain

IBM

avilacjf

This is the way. Perhaps IBM too but Google and Microsoft have just the right amount of exposure and hedge to make it a safe long term play without needing to stress. My guess is if one of the smaller ones get some traction they'll get acquired by these two.

Mogulplex

I am not an expert on quantum computing but I did do a lot of undergrad research on it. All of the small companies around now have very unrealistic roadmaps they have been promising to investors. None of them are close to having functional quantum computers and they won’t be for probably another decade. Some (QBTS) don’t even really do quantum computing but quantum annealing. There are also very few practical business use cases for quantum computing. It is something that would probably be of more use the government than a business. Also when a functioning quantum computer does get made, it will almost certainly be by Google or IBM. These stocks all trade at an extremely rich valuation. All and all I think these stocks are not a good buy.

beetsaver

I like GOOGL and IBM, and RGTI, QBTS for asymmetric upside

SupremeMatty

Buy IONQ, QBTS, IQM and IBM. Then wait 1-2 decades

Massive_Librarian_25

IBM

Ancient_Bobcat_9150

Adding stocks to you portfolio will not give you more control, you'll lose some. I don't skip a field, I skip companies that generate enough profit or are too debt ridden. For know, I haven't found a good investment that directly deals with quantum. You can have a look at the big names most develop in quantum like Nvidia, Google, IBM, and so on

jcpopm

Ah, so you are just woefully uninformed. This is off the top of my head, because I have been trading that headline for the last year. There are *way* more than this, all under Trump. Just admit that your boy is the most interventionist president in US history and take the L. MP Materials Intel Lithium Americas Vulcan Elements ReElement Technologies USA Rare Earth Westinghouse L3Harris GlobalFoundries D-Wave Quantum Rigetti Computing Quantinuum Atom Computing Infleqtion PsiQuantum IBM US Steel Trilogy Metals

Glum_Anteater1250

What is up with $wday?.... The put option activity was off the charts today. They going to pull an IBM and and pre-announce in the pre-market Monday????

Sea-Chemical-3266

IBM engineers get paid way too much money bro. I can't even sign into their cloud platform. Garbage company.

Hawxe

IBM invented the smart phone and blackberry modernized it. Jobs invented the iPhone.

Molten-Helldiver

IBM first…now this…oh god 😭

Primary_Olive_5444

[https://newsroom.ibm.com/2023-04-20-Moderna-and-IBM-to-Explore-Quantum-Computing-and-Generative-AI-for-mRNA-Science](https://newsroom.ibm.com/2023-04-20-Moderna-and-IBM-to-Explore-Quantum-Computing-and-Generative-AI-for-mRNA-Science) Maybe Moderna new drug was using IBM Quantum Computing. https://preview.redd.it/xbeovd24kikh1.png?width=1044&format=png&auto=webp&s=d019a5930473cfaba107cc6d3303a160e3371af4

thenorthernwhiteboy

I know there is a retard out there who had both IBM puts and MRNA calls. Congrats stranger

winegirl921

I started doing this about 6 months ago. I have about 8 companies (IBM, MSFT, COIN, PANW, TSLA, AAPL) that I track which have reliable swings in value per share. So I buy the dip and try to sell as quickly as possible. If it keeps going down I just hold it until it goes up again. When it goes up I don't get greedy, I sell based on what I'm happy earning so I can turn around and buy another dip. My goal is to keep building my base so I can invest more frequently across more stocks at one time. To be clear, this is fun money in a brokerage account, not my retirement savings. I started with $1700 in June and now have $2200. Didn't really start looking at it daily until a month ago.

look

Anthropic sells enterprise integration. So far, it’s basically been the old “no one gets fired for choosing ~~IBM~~ ~~Oracle~~ ~~Microsoft~~ Anthropic”. But the price is high, the most is small, and businesses are questioning the ROI now and looking for cheaper options.

Salt_Contract342

Did okish on the IBM dip, scalped some MU, and held my INFQ instead of the IONQ that you advised on. All in all, a better month than most here. And you?

Salt_Contract342

Mine was IBM. Pathetic really

Neoshinryu

I have a watchlist of 20 relevant stocks (Plus IBM). IBM is the only green in a sea of red today lmao

Successful-Tea-5733

The problem with the logic is that people think cutrting jobs means eliminating employment. IBM computers are the closest analogy, think about the change from the 60s and 70s to the 80s and 90s. PC's made an immense improvement in efficiency, jobs that people did in the 60s they didn't do in the 90s. And the stock market, it was flat in the 70's but boomed in the 80s and 90s. All the people afraid of AI I just don't understand. We have a perfect example of what happens when we improve efficienicy. People won't be doing the same job but they will be doing the work more efficiently.

kingoftheoneliners

Yep IBM

Strange-Building

Do you understand how business and accounting works, what you see as hype train is an actual business producing money…..open-source software has existed since decades but companies selling the same open-source stuff to enterprises makes ton of money today like Redhat/IBM/MSFT and many others, even those opensource stuff still needs infra. OpenAI & Anthropic will become one of the biggest companies by market cap & will continue to dominate the market

Salt_Contract342

Bought the IBM 25% dip, and hold INFQ for a similar long play

Mr_Lumbergh

Sure, let me google that for you: [https://www.techspot.com/news/111947-nearly-half-us-data-centers-planned-2026-facing.html](https://www.techspot.com/news/111947-nearly-half-us-data-centers-planned-2026-facing.html) [https://tech-insider.org/us-ai-data-center-delays-cancellations-7gw-capacity-crisis-2026/](https://tech-insider.org/us-ai-data-center-delays-cancellations-7gw-capacity-crisis-2026/) [https://tech.yahoo.com/science/articles/nearly-half-us-data-centers-003000870.html](https://tech.yahoo.com/science/articles/nearly-half-us-data-centers-003000870.html) [https://www.techrepublic.com/article/news-ai-mega-data-centers-delays-cancellations/](https://www.techrepublic.com/article/news-ai-mega-data-centers-delays-cancellations/) If you want to impose artificial constraints that I didn't even mention, note the headline specifically calls out "backlash" as part of the reason. Note that backlash is people not seeing the benefit enough to overcome the downsides. You can also easily google headlines such as "95% of workplace AI initiatives have failed," "AI initiatives backfire," etc. Klarna was a big proponent of going all in on AI when this nonsense all really got kicked off, but there are quiet headlines you can also google that they're having to hire back those they let go of, as are IBM and others.

ElkQuiet1541

is IBM a dead stock?

No-Change1180

IBM!!

blackicebaby

IBM

Weird_Employee_9203

Buffet betted on IBM for a very long time. He got AAPL right though.

scm66

I am John Titor. I need an IBM 5100 to get you the answer.

Zestyclose-Ice-3434

I wouldnt read too much into that. At some point buffet bought IBM, and afaik he sold it ar a loss

Ambitious_South_2825

Yea, I've traded for a long time and they still seems arbitrary at times. I just got hit with it on IBM credit spreads for fuck all reason.

25thfret

I trade this one around but prefer IBM for quantum despite not being a pure play by any means. Trapped ion tech is actually older than the superconducting tech, so my view is ibm and goog are not pursuing it as much for a reason….

Le7emesens

Holding forever is not the same as holding for a very long time. You're stating people lose money if they hold for a long long time. That's also incorrect. Some may, and some may not. I would say the opposite is more true than the other. Warren Buffet and David Gardner of Motley Fools are those who hold "forever" stocks and they certainly don't lose money. The key to suceed in this trategy is to pickup more winners than losers in your basket, and accept the fact that it's ok if a few picks lose money. Buffet most some $ on IBM if I'm not mistaken... But hey overall he makes a profit... You're also assuming something else that is very incorrect, that people act purely rational. Far from it. There more irrationality than ever, for good or worst. Some people just like the business behind the stock and will go all the way to support it and hold it till their very least breath. Think GameStop GME. Owned by a bunch of gamers and the gamers mindset is: we never quit until we beat the final boss and finish the game.

Agitated_Trash203

On top of what other commenters have mentioned, I’ll add that I am particularly convinced by the technology. IONQ uses trapped-ion quantum vs. the traditionally used superconducting quantum (think IBM or GOOG). You’ll have to do your own research to because - as you’d expect - the technology and their differences are very complex. I’ll highlight a few points from my learning I think are key: \- Trapped-ion technology utilizes specific isotopes (ytterbium in IONQ’s case) as qubits. Because they are perfectly identical, it leads to higher gate fidelities so less energy and resources have to be spent on error correction. Something that I believe will prove to be more scalable than traditional superconducting. \- The structure of trapped-ion qubit lattices (whereby they exchange information via lasers (or now electronic communications)) allows for any qubit to relay information to any other qubit. Superconducting qubit lattice structures have to perform what’s called SWAP functions to pass information beyond qubits that are not adjacent to one another, creating more room for error and thus the need for more error correction. Again, presenting a potential scale issue. \- Lastly, helium. For superconducting quantum to work, it needs to operate at like 10 millikelvin, or essentially absolute zero. The only substance that can create this environment is liquid helium. There’s already a bad shortage worldwide for helium (exacerbated by the Middle East BS), and it’s a non-renewable resource anyhow. It’s only going to get more scarce. Also, there’s a specific isotopes, helium-3 which is required at parts of a superconducting system, and this is even rarer. Trapped-ion doesn’t require this sort of environment and actually operate at room temperature. Now I fully expect most of these issues to be much improved in the years to come with superconducting systems. You have IBM and GOOG (and other smaller players) working on this, so yes strides will be made. I own both of these companies too - IBM specifically as a quantum bet (GOOG for everything else they do that’s not quantum, lol). GOOG actually published a paper last year I think detailing that gate fidelity actually increases with scale because there’s more horsepower to perform error correction. This may have diminishing returns as they scale into 1000+ qubit systems, but it shows progress is being made. Similarly, helium reclamation systems are pretty efficient, so they don’t go through helium that fast, but there will always be some loss, and again, helium is already scarce and will only get more so. TL;DR IONQ’s trapped-ion technology likely has less hurdles to get over once quantum systems need to operate at large scale and they have a lot of intrinsic physics-based advantages on their side IMO

hard-workingamerican

Microsoft today reminds me of IBM in 2000.

Etherius

It’s a legitimate question. IBM, Google, and about a dozen other companies believe fault-tolerance is coming before the next Winter Olympics I have reason to believe they’re correct. And once fault tolerance is achieved, all that’s left is to scale the qubits up, which is an easier matter than improving fidelity

jbcbos

It’s not just replicating the functionality. They have to come up with a reason to switch. These companies are massive and making a change to a new system is a large undertaking. Very few people in these companies are going to stick their neck out and push the company to another system just to save some money. There used to be a saying in the computer industry… “Nobody ever got fired for buying IBM” Still applies to these companies

ElkQuiet1541

what kind of company is IBM? it doesn't pump with SAAS and obviously not with semi/memory... immovable stock

Exotic_Pin_1713

IBM is such a shit company

Seastorm14

Except we know that businesses are just running open source models or paying for cheaper chinese models as IBM admitted and literally tanked their own stock by 25% for saying it on an earning call. Noone will be paying for 10% marginal performance when they can run it themselves or pay for a cheaper Chinese version (look at the fact walmart exists)

TheMagarity

In 2012 I was trying to figure out what to buy when I recalled an interview withh Bill Gates in the mid 90's. The interviewer asked wtf was he thinking recently buying a big chunk of IBM stock since the price was in the depths. He said a lot of smart people still worked there, the upper management had just lost the way temporarily. I checked MSFT and it's price was only 27. I figured a lot of smart people still worked there but management had lost the way temporarily. I still have it, it's currently trading at about 500, and the dividends accumulated enough that earlier this year the original purchase has been paid back.

DualWielding40s

Spy slightly green meanwhile I’m getting crushed across the board. IBM, HD, Uber all down and I have calls SPCX and HTZ all up and I have puts Love it, having a great time

Acceptable_Put2679

Way to reference a stock no one follows from before most of us were out of high school grandpa. You should have invested in IBM or apple

Alternative-Ratio923

IBM

Spac55

IBM crashed 25% at earnings Think how much NBIS, CRWV. Crash after earnings, 20-30% crash possibly for burning cash

Vast_Cricket

After the tech disaster predicting about internet will change our life. Microsoft took 16 years to recover. Intel if not from recent govt grant it will never recover. It rose very recently broke prior peak from 26 years ago. But guess what? It tanked -35% from June 26 peak. Veteran IBM is seen to get pushed around again. To put money into stock market you could get 5% dividend. So 40K is a realistic target. You will be investing in high yield fixed income not tech stocks which almost no company will pay a dividend.

eyes1991

You think wall street cares about earnings in Quantum? You're deeply mistaken. Wall Street cares about technical milestones when it comes to quantum. $rgti is deep value when you look at what they own and their patents. Their chiplet architecture and ICMs are where the value is. They may have cracked the code for scaling superconducting chips. And even if IBM or Google reach fault tolerance first, it only reinforces $rgti and their thesis regarding superconducting. $rgti is also the only publicly traded superconducting Quantum Computing pure play. Gate speeds and scaling will be the bottleneck of quantum and they might actually have the tools to solve those problems. Look at the roadmap. Value them on their tech and manufacturing scalability. Wall street prices in future earnings today, not when the check comes in.

cryptohorn

IBM was the original Ai. I remember the Watson commercials.

TotallyObviousBot

PC became an IBM standard in the late 80s. The AI bubble is *nothing* like the dot com boom. Just because you can make the metaphor doesn't mean it sticks lol

Excellent_Fix_4360

Anyone looking at IBM?

davidbigham

IBM at $199 was the dip

MrNo_Balls

look at IBM... it is going up after a crash... look at MSFT ... it ripped in a few weeks. He is hoping for such a rip, but all that is happening is his port being rip.

ConsiderationEmpty10

I see you are still using one of those old IBM computers that only use green

Salt_Contract342

Strong hate, got it lol. Buying more IBM next week

roosoh

My grandparents are still paying their absurdly high property taxes with just IBM dividend alone

Valkyrie_Skuld

Oooo good memory! But it was in fact too long of a dd. I don’t blame her I just get really excited about quantum. But I do remember she said I was just bagholding but I wasn’t. It went up after that. Then the whole sector ate shit. Doesn’t matter to me either way I still have shares of Ionq and qnt up or down I’ll still be excited. Fair assumption to think it’s just bag holding and shilling though I don’t hold that against her. IBM just released something about quantum buildouts a couple days ago.

qroshan

Patrick Boyle is a normie that lacks imagination. He is a perfect guy to analyze IBM, WMT, COST. Unfit to value SPCX, OpenAI and Anthropic, Meta because he already has a pre-bias against them (just like all redditors). All final analysts should show their returns even if it's traded on fake money, else they are useless. Buffett has his returns. Even Leo has his returns. Where the fuck is Patrick's returns?

Particular_Rice9607

TRENDING NEWS FREE 1 Solar stocks rally on new tariffs: The 10 biggest ETF positions 2 OpenAI pauses work on upcoming Astra model over cyber capabilities 3 U.S. equities advanced after a weaker than forecasted payrolls report 4 Atlassian upgraded after FY27 outlook shines spotlight on AI monetization 5 Trump moves forward with attempt to remove Fed Governor Cook - report 6 Michael Burry takes bearish bets on Oracle, Nebius 7 Celsius jumps on report Rockstar Energy founder takes stake, wants to be CEO (update) 8 A look at pricey high-flying stocks in the industrial sector 9 Midday Need to Know: Payrolls fall, Lilly and Novo win antitrust battle & more 10 Dividend Roundup: Apple, UPS, Kraft Heinz, IBM, and more

Spac55

$NVDA $5 Trillion market cap Head of snake of AI-bubbles . Too big to fail. In the past NVDA wiped $500 Billion market cap a day at ER correction Can it wipe $1 Trillion market cap, by just 20% drop at ER like $IBM 25% drop recently

Valkanaa

That analogy falls completely apart when you scroll back to 1980 when they started that. Apple certainly did not become the dominant platform, IBM did. I don't know which LLM will rule them all but Microsoft is obviously going to push the one that they get royalty free If people want something else the data centers they're building don't really care

Valkyrie_Skuld

IBM is solid

Maximum-Side-9391

Yea IONQ is legit still not counting out IBM since they aren't reliant on gov resources

Open_Pollution_8038

Microsoft undervalued at $375 about fully priced in at $500. It’s just like Google: massive extremely profitable and dominant legacy business that is under existential threat by upcoming technology. Google and Microsoft are not going away but I’m old enough to have watched IBM go from the tech company to what they are today and that’s where I see Google and Microsoft landing. At the end of the day the hyperscaler business will end up a low margin knife fight with nobody dominating it like Google did for search and Microsoft did for windows/office.

Wapmen

Well, for AMD, IBM and others you did not see an immediate recovery. Maybe next week? 

FaFillionaire

How are you down 50% on IBM ?!

AspiringHippie123

Pretty sure those “deployed” quantum chips are mostly for research purposes right now. If I’m not mistaken MSFT has the most usable/stable chips right now (Majorana 2), which they boast its qubits can remain stable for max a minute, commonly around 20 seconds. Also moores law is based on the number of transistors on a microchip doubles every 2 years. Quantum computing is a different realm, scaling qubits per chip is not same as scaling transistors per microchip. Though to be fair, recent Google research shows that scaling up qubits does show improvements in quantum error correction. For good quantum computing exposure I would suggest MSFT, IBM, GOOG who do top of the line research but have other revenue sources to keep their stock stable. Realistically when that quantum computing explosion arrives, these companies will skyrocket as well, as they did with the AI era. Just my 2 cents.

gamersEmpire

APP is the new IBM

jinxedinvestor

well IBM is 236 in 3weeks. so i wasn’t wrong after all.

Zef-Daytrade

IBM is a good example, just didnt know how to profit from its R&D (and sold off many stuff IP like say Thinkpad which dominates the business world today) hence it is only so low in marketcap. SpaceX dont seem to have that problem in the profit side....

Dude_HaHa

Rotating into proper businesses with great balance sheets like CAKE, KO, CMG, CELH and PEP instead of ahitcoins like AMD, IBM, AVGO, MU and SNDK.

Mundane-Dirt-4077

Is IBM about to pop...

Spac55

Look $PLtR absolute dollars not percentage Market cap too high, can crash hard like $ORCL, $IBM

Own-Jeweler3169

Thanks for the explanation man, interesting read, and useful. My logic was that, traditionally, AI is not that much different to any other search algorithm in the sense that it's got a bunch of data it needs to sort through and consider in order to complete the task, my logic was QC is much quicker in searching and traversals due to being able to explore all paths simultaneously, so surely this will be applied to AI in order to deliver speed and comprehensive consideration. I agree we are not at the stage, it's still a relatively emerging tech, but within the next 10-15 years, I expect QCs will be deployed for consumer services, even IBM let you send shit to their QC. So my point was, QC use case will eventually be used in tandem with AI to massively accelerate it's capabilities, this is correct no? Idk the details of AI/QC, but from my high level understanding this is the case, someone will make it work as they payoff is huge, hence the long time investment in R&D for QC.

Apex-Editor

I guess my family has simply been doing it for generations so even if it wasn't a common topic of discussion per se, it was enough of a presence in my life that it was just a natural part of reaching adulthood (after getting a job good enough to not have me living paycheck to paycheck). I was gifted a small pile of IBM shares by a grandparent when I graduated college, so having some sort of investment, even a small one I rarely thought of, was always there. (I sold them to cover a big chunk of my student loans, which I regret in retrospect since that shit had like a 50 year cost basis and wasn't an inheritance soooo, tax.)

orcassharks

lol IBM

DistrictObjective680

Henry Ford delusionally thought he could build utopian capitalist towns. Had an entire department that investigated employees personal lives. Howard Hughes. John McAfee. Samuel Insull. Utilities empire in the early 1900s. Steve Jobs. Abusive psycho. Ended up dying from easily treatable cancer because he thought he knew better than medical science. Robert Maxwell. Mirror Group. Psychopathic robber. Thomas J Watson, IBM: Cult-like behaviour. Built a cult around himself, enforced company songs, strict dress code. Larry Ellison, Oracle.

turribledood

"consumer spending" were your words in the context of Anthropic's business model/sales/profitability. I'm sorry you chose the wrong words if that's what you meant, but absolutely no one would ever say that Cisco or IBM or Kerberos or AWS were reliant on "consumer spending" to make or break their business, as you said verbatim about Anthropic. That's just not what those words mean, sorry.

ToxiFrog

whats going on with IBM!??

Photochromism

It’s dead. Apple is the new IBM. Coasting off their past inventions, late to everything, no vision did what is next. Couldn’t even ship an AI.

Gunk_Olgidar

You want to set the wayback machine for 24months and invest in quantum-entangled secure communication. IONQ, QUBT, CSCO and IBM all have programs. Chinese already have these systems in orbit. Not sure about EU and US.

iSOBigD

Yeah that works fine until it's down 10-25% in a day like IBM, reddit and many other companies lately including Apple. No stock is safe. It's also not safe if you use margin and suddenly your max is 50% lower cause of random news, a new war or just algos fucking with the market.

joeydimaggio

They didn’t own the government in the 90s, maybe IBM got its tentacles into the government but it was nothing like now

AgitatorSupreme

What about QBTS? That always moves more than RGTI.   If your thesis is based on general quantum computer related info then IBM would be worth considering since they are deep in the QC world and now that the stock is at clearance price range…

dz4505

If you held stuff from 1990s through the crash, you’re not likely to be holding any of the hyperscaler and likely be holding stuff like IBM, GE, etc.

LectureForsaken6782

Im not saying i have near enough insight to pick winners and losers, I just used IBM as an example to illustrate my point The interest i have in quantum is really only in potential picks and shovels as I have NO idea what quantum computing will eventually look like

FreeLunchCoin

Fair point. Still feels too high, and doesn’t feels as defensible as IBM’s mainframe biz, although I get the comparison.

InfamousMoonPony

They exist for the same reason Oracle exists when Postgresql is around. Enterprise customers (in this case, lawyers) have standardized on docusign as their trusted signature platform, and they're not going to switch over to some random other standard. The documents they sign need to withstand court battles, and courts are notoriously conservative about technology. For a long time (meaning literally up to a few years ago), the most technologically advanced thing they'd accept was a signed fax, and even that was viewed suspiciously (really important stuff was courier'ed or fedex'ed for original signatures). Yes, the technology is easy. It was easy when DocuSign was started (i've been pgp signing stuff like email for decades). But the legal industry and other enterprise industries aren't moving off DocuSign to save a few bucks on a subscription fee on contracts that move millions of dollars and need to withstand court battles perhaps decades from now. That said, I agree it's a mature industry, and, just like Oracle (before its move into AI infrastructure), and IBM's mainframe business, they will milk their cash cow until the Sun dies but probably won't be expanding much.