Stock Track | Rigetti Computing Plunges 9.29% as Top Investor Cautions Against Buying Quantum Hype

Stock Track01-13

Rigetti Computing, a quantum computing firm, experienced a significant 9.29% plunge in its stock price during the Sunday trading session. This sharp decline came amid investor warnings about buying into the hype surrounding quantum technology companies like Rigetti.

A prominent investor cautioned against "jumping in" to Rigetti Computing's stock, citing concerns about the overly optimistic sentiment driving up valuations in the quantum computing space. While acknowledging Rigetti's potential, the investor advised caution and a more measured approach when investing in emerging technologies.

The intraday sell-off in Rigetti's shares highlights the market's growing skepticism towards companies that have benefited from the hype surrounding quantum computing's promises. As investors reassess the risks and potential of this nascent field, volatility in Rigetti's stock price is expected to continue.

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Comments

Dan1192
01-13
Dan1192
considering the intrinsic value of approximately S$2, and the Volatility for this week, puts should be a safe bet

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This sharp decline came amid investor warnings about buying into the hype surrounding quantum technology companies like Rigetti.</p>\n\n<p>A prominent investor cautioned against \"jumping in\" to Rigetti Computing's stock, citing concerns about the overly optimistic sentiment driving up valuations in the quantum computing space. While acknowledging Rigetti's potential, the investor advised caution and a more measured approach when investing in emerging technologies.</p>\n\n<p>The intraday sell-off in Rigetti's shares highlights the market's growing skepticism towards companies that have benefited from the hype surrounding quantum computing's promises. As investors reassess the risks and potential of this nascent field, volatility in Rigetti's stock price is expected to continue.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RGTI":"Rigetti Computing"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138128755","content_text":"Rigetti Computing, a quantum computing firm, experienced a significant 9.29% plunge in its stock price during the Sunday trading session. This sharp decline came amid investor warnings about buying into the hype surrounding quantum technology companies like Rigetti.\nA prominent investor cautioned against \"jumping in\" to Rigetti Computing's stock, citing concerns about the overly optimistic sentiment driving up valuations in the quantum computing space. While acknowledging Rigetti's potential, the investor advised caution and a more measured approach when investing in emerging technologies.\nThe intraday sell-off in Rigetti's shares highlights the market's growing skepticism towards companies that have benefited from the hype surrounding quantum computing's promises. 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