IB Net Payout Yields Model

Rigetti Computing: Listen To The CEO Warning

 


  • Rigetti Computing, Inc. is overvalued with minimal revenues currently while facing major competition from tech giants like Google.
  • Nvidia's Quantum Day event and Google's quantum chip news caused temporary stock surges, but don't change Rigetti's long-term business outlook.
  • The CEO warned investors to tamp down expectations after the wild swings in the stock price.
  • RGTI stock trades at nearly 200x '25 sales targets, with limited prospects for near-term material revenues.
As with all the quantum computing stocks, Rigetti Computing, Inc. (NASDAQ:RGTI) is very richly valued. The stocks got a rebound bounce on the announcement of a first-ever quantum event from a large chip company, though the event is highly unlikely to materially change the business path. My investment thesis is ultra-Bearish on the stretched valuation and minuscule results of the stock.


Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 


Comments

Popular posts from this blog

ChargePoint: Low Quality Beat

Occidental: Still Producing Too Much Oil

Aurora Cannabis: Deal Or No Deal