RGTI I gotta hand it to the bulls on this one. To this guy, this makes no sense. No new news. Regurgitated info from the last qtr. Some articles saying there is expected to be a negative earnings increase for Q4. Looks like missed 100 QBT EOY goal. Ridiculous price to book ratio. Cash burning rate is insane with no cash coming in. I think it falls in with the rest of the "narrative" that this market has plenty of runway left.
RGTI more reckless analysts working to convince investors to be bag holders. This stock has no business being an $8bln market cap. Too many professionals supporting this technology is 7-10 years away from commercialization with a challenging scalability path. The financials of the business are a whole other valid point.... This will be entertaining.
Looking forward to the downside gains on these ridiculous prices.