BEARISH on $RGTI and all Quantum, $QUBT $QBTS, $QMCO, $ARQQ
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Listen guys and gals, I found RGTI when it was in the 2S and I was super excited about it. It ran 1500% in 2 months, but let's do some math about how much money quantum computer manufacturers can actually make...
I may be wrong, but do you need a quantum computer? Because I do not. Nor does anyone I know. I read an article on tradingview here that said one company forecasted Quantum sales to total $8.9B by 2028. This seems far less lucrative than AI at least for now.
Example...RGTI has a market cap of $2.6B...now. They are seemingly digging deeper into a hole, bringing in 13M per year revenue and reporting a loss of $75M. Net margin growing in the wrong direction. Where is the value coming from? It will wear off in my opinion.
Just saying, might be a little early to be holding these. Buy when they are $1 again and sit there for 2-3 years. You're welcome...maybe.
Trade active
I did not realize that would post my whole grid. Daily is best bottom left.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.