Core Insights - Tudor Investment Corporation has exited its position in Palantir Technologies and initiated a new position in Rigetti Computing, indicating a strategic shift in investment focus [3][4][14]. Group 1: Palantir Technologies - Palantir has transformed from a government contractor to a profitable AI platform, driving significant enterprise adoption and increasing free cash flow and net income [5][6]. - The company's stock has seen substantial gains, but it now trades at price-to-sales (P/S) and price-to-earnings (P/E) multiples that are disconnected from its fundamentals and SaaS peers [7][9]. - The decision to sell Palantir may reflect a tactical rotation away from a crowded trade, as the easy gains from its AI revaluation may have already been realized [9][14]. Group 2: Rigetti Computing - Rigetti Computing is a speculative investment in quantum computing, a sector projected to potentially evolve into a $10 trillion market [10]. - The company currently generates minimal revenue and has not demonstrated a clear path to commercial viability, which contrasts with the disciplined investment approach typically favored by macro traders [11][16]. - Tudor Investment's position in Rigetti includes both call and put options, suggesting a hedged strategy rather than a straightforward bet on the stock's direction [15]. Group 3: Investment Strategy - The moves made by Tudor Investment reflect a strategy of capital rotation, locking in profits from a mature AI company while reallocating funds to a high-risk, high-reward opportunity in an emerging field [14]. - The potential catalyst for Rigetti's stock could be progress updates on its quantum systems, which may attract institutional capital to the sector [13]. - The overall takeaway emphasizes that even seasoned investors like Paul Tudor Jones adjust their portfolios to optimize risk and reward, suggesting that while trimming overvalued stocks can be prudent, speculative investments should be approached with caution [17].

Core Insights - The stock market's leading quantum computing companies are signaling caution to investors despite their impressive returns [1][2] - The excitement surrounding quantum computing is driven by its potential to revolutionize various industries, similar to the internet [4][5] - Significant insider selling activity raises concerns about the sustainability of current stock valuations in the quantum computing sector [12][15] Industry Overview - Quantum computing is seen as a transformative technology capable of solving complex problems beyond the reach of traditional computers [3] - The economic potential of quantum computing is substantial, with estimates suggesting it could add between $450 billion to $1 trillion in global economic value by 2035 to 2040 [6] Company Performance - Notable quantum computing companies include IonQ, Rigetti Computing, D-Wave Quantum, and Quantum Computing, Inc., which have experienced dramatic stock price increases [10] - The trailing-12-month price-to-sales ratios for these companies are extraordinarily high, indicating potential overvaluation [16] Insider Activity - Over the past five years, insiders at the four quantum computing companies have sold a net total of $875 million in shares, which is a significant warning sign for investors [12][17] - There has been minimal insider buying across these companies, with Quantum Computing, Inc. reporting no insider purchases at all [15]

Key Takeaways Rigetti's 264% rise is fueled by U.S. Air Force and Novera system orders signaling real-world demand.New ties with C-DAC and Montana State boost Rigetti's reach in global research and quantum services.Despite strong momentum, Rigetti's small revenue base and continued losses pose near-term challenges.Rigetti Computing (RGTI) staggering 264% year-to-date surge has turned heads across the quantum investing landscape, and for good reason. The company has strung together a series of meaningful win ...

Key Points JPMorgan Chase announced plans to invest $10 billion into companies it believes are imperative to U.S. national economic security. One sector mentioned for potential investment was quantum. 10 stocks we like better than Rigetti Computing › Since the close of trading last week, shares of Rigetti Computing (NASDAQ: RGTI) had risen nearly 10%, as of 11:49 a.m. ET Thursday. The move is being driven by an announcement from JPMorgan Chase earlier in the week. More investment into quantum Quan ...

Rigetti Computing Inc (NASDAQ: RGTI) tanked more than 13% this morning following news its chief executive, Subodh Kulkarni, has no stake whatsoever in the quantum technology company. In May, Kulkarni ... ...

智通财经APP获悉，量子概念股走低，截至发稿，Rigetti Computing(RGTI.US)跌超13%，Quantum Computing(QUBT.US)跌超4.7%，IonQ Inc(IONQ.US)跌超6%，Quantum Computing(QUBT.US)跌超 4.8%，SEALSQ Corp(LAES.US)跌超8%。 ...

Call it the ‘Zero-Dollar Club’ — quantum batteries, electric air taxis, and quantum computers. For investors willing to take a chance on the future, these are the stocks making billion-dollar promises today, even if their revenue statements remain blank. Meet Rigetti Computing Inc (NASDAQ:RGTI), Joby Aviation Inc (NYSE:JOBY) and Quantumscape Corp (NYSE:QS).Track RGTI stock here.Rigetti Computing: Betting Big On QuantumTake Rigetti — a quantum computing play with eye-popping ambitions. Its machines aren't ge ...

U.S. stock futures were higher this morning, with the Dow futures gaining more than 100 points on Thursday.Shares of Satellogic Inc. (NASDAQ:SATL) fell sharply during today's pre-market trading after the company announced a proposed public offering.Satellogic shares dipped 13.1% to $3.60 in pre-market trading.Here are some other stocks moving lower in pre-market trading.American Battery Technology Company (NASDAQ:ABAT) shares dipped 23.9% to $6.81 in pre-market trading. American Battery Technology said on O ...

U.S. stock futures were higher this morning, with the Dow futures gaining more than 100 points on Thursday.Shares of Satellogic Inc. (NASDAQ:SATL) fell sharply during today's pre-market trading after the company announced a proposed public offering.Satellogic shares dipped 13.1% to $3.60 in pre-market trading.Here are some other stocks moving lower in pre-market trading.American Battery Technology Company (NASDAQ:ABAT) shares dipped 23.9% to $6.81 in pre-market trading. American Battery Technology said on O ...

Rigetti Computing Inc's (NASDAQ:RGTI) CEO, Subodh K. Kulkarni, exercised options to convert 1,000,000 shares on May 21, 2025, and immediately sold them, leaving him with zero shares. In a growth-tech environment where executive ownership signals conviction, this move has ignited questions about leadership commitment at the quantum computing startup.Insider Transactions Raise EyebrowsAccording to Benzinga Pro insider data, Kulkarni's zero-share position stands out. Other insiders, including Director Ray O. J ...