Andrew Left’s Citron Research said via Twitter: “Buying $RGTI based on Google’s quantum success is as misguided as believing every TikTok guitarist is the next Taylor Swift. When the hype fades, investors will recall $RGTI sold equity at $2 just two weeks ago, with more dilution to come rather than true quantum competitiveness. Still in science-project mode, even its biggest cheerleader troubled $RILY has target at $4. Citron not ‘throwing rocks at things that shine’-just giving an honest opinion. Was interesting at $1…ridiculous here!” Rigetti Computing (RGTI) in midday trading is up 1% to $6.57.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RGTI:
- GOOGL’s “Breakthrough” Willow Chip Ignites a Revolution amid Surging Quantum Stocks
- Rigetti Computing call volume above normal and directionally bullish
- Rigetti Computing, Quantum Machines announce AI-powered calibration
- Rigetti Computing director Clifton sells 125,000 common shares
- Rigetti Computing Clears Debt, Strengthening Financial Position