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Rigetti: Major Disconnect With Wall Street

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  • Rigetti Computing trades at a premium valuation despite a recent 50% decline from highs.
  • The supercomputing quantum company continues to predict a path to Quantum Advantage taking upwards of the rest of this decade.
  • Rigetti announced an $8+ million order, signaling how small the business remains, but Wall St. appears overly excited about this order.
  • The stock trades with a massive $8 billion valuation and limited revenue goals for the next few years.
Rigetti Computing, Inc. (RGTI) continues to trade at a premium valuation, yet the stock jumps on every minute detail. The superconducting quantum computing stock is already down over 50% from the recent highs, yet the company is still only announcing small orders for future periods, not normally warranting much market interest. My investment thesis remains ultra Bearish on the stock with unreasonable valuations for a technology not ready for prime time for the rest of this decade.


Read the full article on Seeking Alpha. 

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

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