Remember Andrew Left? The guy who made GameStop bros cry back in 2021? Well, he’s back with another hot take, and this time he’s got quantum computing stocks in his crosshairs.
While everyone’s losing their minds over quantum stocks (Rigetti Computing up 78%, D-Wave Quantum up 214% this year), Left is over here like “hold my beer” and shorting the whole party. And honestly? His reasoning isn’t terrible.
Here’s the thing about quantum computing that nobody wants to talk about: it’s stupidly expensive to develop, takes forever, and requires talent that’s rarer than a unicorn riding another unicorn. Left learned this the hard way after actually meeting with Rigetti’s management team.
“The commercialization of it was like the most uncertain thing you ever heard of,” he said about that meeting. Ouch. When a company’s own management can’t convince a potential investor about their timeline, that’s… not great.
But wait, there’s more! Left noticed something interesting: Rigetti insiders have been selling their shares faster than concert tickets for Taylor Swift. When the people who know the company best are heading for the exits, maybe pay attention?
The real kicker is the competition. While small players like Rigetti are burning cash trying to build quantum computers, Google just dropped a quantum chip called “Willow” that’s apparently a game-changer. It’s like bringing a knife to a gunfight, except the other guy has a laser cannon and unlimited ammo.
Left’s not completely anti-quantum though. He’s actually bullish on one company: Infleqtion (through Churchill Capital Corp). Why? Because instead of trying to out-Google Google, they’re playing the smart game – building quantum tech that works WITH Nvidia’s ecosystem. It’s like being the guy who sells shovels during a gold rush instead of digging for gold yourself.
“Infleqtion has customers, revenue, and NVIDIA validation. Rigetti has dilution and press releases,” Left wrote on X. Brutal but fair.
The funniest part? Some people think Trump might bail out quantum companies with government money. Left’s response was basically “lol, no.” As he put it: “Donald Trump’s not taking US money and bailing out CEOs that sell stock.” Fair point.
Look, quantum computing is probably the future. But “probably” and “profitable investment right now” are two very different things. Left’s bet isn’t that quantum is fake – it’s that most of these companies are burning money faster than they can figure out how to make it back.
The lesson here? Just because something sounds cool and futuristic doesn’t mean you should throw your money at it. Sometimes the smart play is betting against the hype, especially when the fundamentals look shakier than a house of cards in an earthquake.
Will Left be right? Who knows. But given his track record of calling out overvalued companies, it might be worth listening to the guy who’s made a career out of being the party pooper at Wall Street’s biggest celebrations.