Rigetti Vs. Infleqtion: Citron Weighs In On Quantum 'Raging Bulls'

Core Viewpoint - Citron Research favors Infleqtion over Rigetti Computing Inc., highlighting the valuation gap and the progress made by Infleqtion in the quantum technology sector [1][2]. Company Comparison - Infleqtion is positioned as a "far superior quantum company" compared to Rigetti, with diverse revenue streams from quantum sensors, atomic clocks, and RF systems, while Rigetti relies more on prototypes and demos [3][4]. - Infleqtion's partnership with NVIDIA Corp. is a significant advantage, providing credibility and potential future opportunities, as NVIDIA has showcased Infleqtion in various high-profile events [4]. Valuation Insights - Citron claims that Infleqtion deserves a higher valuation, potentially surpassing Rigetti's market cap of $14 billion, suggesting that at a $15 billion valuation, Rigetti's stock price should be $46.88, while Infleqtion's would be $58.82 [5]. - Rigetti shares have seen a substantial increase of nearly 370% over the past six months, trading at $44.96, while Churchill Capital, Infleqtion's SPAC partner, has gained 100% since the merger announcement [6].