| | | RE: RGTI
I’ve looked at the sector. It is very early. To me these are meme stocks, momentum plays that have made a lot of money for traders. There’s a very active group on X. Lots of pumpers. Zero revenue. RGTI and IONQ are way too speculative for me. If you want a non pure play quantum computing option, there’s IBM and GOOG. These are solid, well financed, serious quantum computing competitors.
Two stocks still trading like memes, but with revenue and futures, that I opened full positions in last month, are RKLB and KTOS. RocketLab is involved in aerospace, rockets, satellites, competing with SpaceX launches, and partnering with Northrop among others. Kratos is an innovative and sophisticated military contractor producing jet engines, drones, hypersonic tech, next generation loyal wingman drones, and other military high tech, also partnered with top level aerospace players. Both companies are driving innovation and have catalysts to push their meme-like growth higher. Look at their charts. It is still early days for RKLB and KTOS. These are real companies that I have faith in. Quantum computing isn’t on solid ground. Not my thing.
Now that I think about it, I opened a position in RKLB last December in one of the kids’ accounts. That’s up on average price of 80%. I’ve been adding to it all year. Not sure why I waited on my own portfolio. |
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