Stock Track | Rigetti Computing Soars 12% in Pre-Market on Tempered Quantum Computing Expectations-To The Moon - Tiger Brokers Online Investing Community

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Stock Track | Rigetti Computing Soars 12% in Pre-Market on Tempered Quantum Computing Expectations

Stock Track01-10

Rigetti Computing Inc. (RGTI) witnessed a significant pre-market surge of 12.15% on Friday, as investors reevaluated the near-term prospects of the quantum computing industry.

The rally in RGTI's stock price came in the wake of comments from Nvidia CEO Jensen Huang, who provided a reality check on the practical application timeline for quantum computing technology. During a recent industry event, Huang cautioned that widespread adoption and commercial viability of quantum computing are still likely 20 years away.

This statement from the influential tech leader served to reset market expectations, which had previously been inflated by heightened investor enthusiasm for the emerging quantum computing field. Huang's perspective, grounded in a realistic assessment of the technological challenges, prompted a recalibration of valuations for quantum computing companies like Rigetti.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Guavaxf30
·01-10
False dawn. Now back underwater. I think RGTI is still way overvalued. The punting momentum is not there now. Can't even swing trade for now .
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(RGTI) witnessed a significant pre-market surge of 12.15% on Friday, as investors reevaluated the near-term prospects of the quantum computing industry.</p>\n\n<p>The rally in RGTI's stock price came in the wake of comments from Nvidia CEO Jensen Huang, who provided a reality check on the practical application timeline for quantum computing technology. During a recent industry event, Huang cautioned that widespread adoption and commercial viability of quantum computing are still likely 20 years away.</p>\n\n<p>This statement from the influential tech leader served to reset market expectations, which had previously been inflated by heightened investor enthusiasm for the emerging quantum computing field. 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The punting momentum is not there now. Can't even swing trade for now .","text":"False dawn. Now back underwater. I think RGTI is still way overvalued. The punting momentum is not there now. Can't even swing trade for now .","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/391089365934544","repostId":1109492726,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":0,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}