Stock Track | Rigetti Computing Plunges 5% After-Hours as Google Quantum Hype Fades, Citron Calls Rally 'Misguided'-To The Moon - Tiger Brokers Online Investing Community

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Stock Track | Rigetti Computing Plunges 5% After-Hours as Google Quantum Hype Fades, Citron Calls Rally 'Misguided'

Stock Track12-12

Rigetti Computing (RGTI) shares plunged 5.01% in after-hours trading on Wednesday, giving back a portion of the stock's gains from the regular session. The sell-off came after short-seller Citron Research criticized RGTI's rally as being "misguided" and "ridiculous" at current levels.

Earlier in the day, RGTI and other quantum computing stocks had surged on excitement over Alphabet's (GOOGL) announcement of a potentially groundbreaking quantum chip called "Willow". RGTI shares rose as much as 13% in pre-market trading on the Willow news.

However, Citron poured cold water on the quantum computing rally, tweeting that "Buying $RGTI based on Google's quantum success is as misguided as believing every TikTok guitarist..." The negative comments from the influential short-seller appeared to spark profit-taking in RGTI after its big intraday run-up.

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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setia100
·12-12
Big fish eats small fishes😂
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RGTI shares rose as much as 13% in pre-market trading on the Willow news.</p>\n\n<p>However, Citron poured cold water on the quantum computing rally, tweeting that \"Buying $RGTI based on Google's quantum success is as misguided as believing every TikTok guitarist...\" The negative comments from the influential short-seller appeared to spark profit-taking in RGTI after its big intraday run-up.</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":"1160348575","content_text":"Rigetti Computing (RGTI) shares plunged 5.01% in after-hours trading on Wednesday, giving back a portion of the stock's gains from the regular session. 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