Superconductor: a summer runaway that is damaging the stock market

2023-08-18 09:38:06

Not all gold rushes are created equal. In search this summer of a “next big thing” perhaps even more important than artificial intelligence or the energy transition, some investors are at their expense. Ready to invest in a new Holy Grail, they bet on very risky stock market values, creating then erasing in a few days millions of dollars of capitalization.

The publication on July 26 of a study on a material presented as totally revolutionary piqued the curiosity of the scientific community and created such a buzz that stock marketers sought to surf on a potential new wave of innovation. Baptized LK-99 and unveiled by a South Korean laboratory, this alloy of copper, lead, phosphorus and oxygen had, on paper, everything to please.

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