Wall Street’s AI trade is about to face its next real stress test. Over the coming weeks and months, investors will get fresh earnings reports from Broadcom, AMD, and NVIDIA — three companies sitting at the center of the current AI infrastructure frenzy.

Broadcom is expected to report first, around June 4, and the market will be watching closely for signs that AI networking and custom accelerator demand is still accelerating at the pace bulls expect. Any slowdown in hyperscaler spending, even slightly, could hit sentiment fast. Expectations are already extremely high.

Quantum computing stocks are starting to look less like a technological revolution and more like a late-stage speculative bubble that nobody wants to admit is a bubble.

A recent Motley Fool report revealed that insiders at IonQ, Rigetti Computing, and D-Wave Quantum have collectively sold roughly $931 million worth of stock over the past five years. Not bought — sold. And not in small amounts either.

That matters.

These are the people closest to the actual state of the technology, commercialization timelines, customer demand, and financial reality. While retail traders chase momentum and dream about “the next Nvidia,” insiders appear to be cashing out into the hype.

Quantum stocks are increasingly behaving less like investments in an emerging technology sector and more like classic meme stocks wrapped in scientific branding.

The pattern is becoming difficult to ignore. Tiny companies with minimal revenue, persistent losses, and uncertain commercialization timelines are suddenly gaining 30%, 50%, sometimes 100% within days — not because of transformative earnings, but because momentum traders, retail speculation, and social media hype are piling into the same names at once.