INFQ Stock Soars To All-Time High — Retail Eyes Breakout On Quantum Hype

• INFQ stock soared more than 35% on Friday, hitting an all-time high of $21.28. 
• Earlier this week, Citi initiated coverage of Infleqtion with a ‘Buy’ rating and $20 price target.
• Nvidia launched its open-source Ising model earlier this week, positioned as foundational software for hybrid quantum systems, and also selected Infleqtion for two roles.

Shares of Infleqtion Inc. (INFQ) soared more than 35% on Friday, hitting an all-time high of $21.28 amid a rally in quantum computing companies after Nvidia Corp. (NVDA) launched its Ising AI models earlier this week.

Amid all quantum names, Infleqtion has garnered sharp attention after being picked up for its valuation gap by a short seller, as well as growing bullish coverage from Wall Street analysts.

INFQ shares have been on the retail radar among Stocktwits users, with retail sentiment hovering at ‘extremely bullish’ over the past week, and message volume jumping more than 131% in the same period, according to platform data.

Infleqtion — Quantum Alpha?

Earlier this week, Citron Research weighed in on the valuation gaps among emerging quantum companies, noting that the company’s selection by Nvidia on two fronts, for both calibration and decoding, indicated that it was caught in the “most obvious mispricing in the quantum market” at the moment.

The short seller compared INFQ with Rigetti Computing, Inc. (RGTI), noting that the former deserved to be at least twice the market capitalization of the latter, purely due to its weight in Nvidia’s quantum initiative. The firm also highlighted INFQ’s financial strength compared to RGTI.

Other Wall Street analysts, such as Citi and BTIG, have also taken bullish stances on INFQ stock. Citi analyst Atif Malik initiated coverage of Infleqtion with a ‘Buy’ rating and $20 price target, which the company has already surpassed. The firm cited Infleqtion's ongoing partnership with Nvidia as a key catalyst.

BTIG also initiated coverage on the quantum company with a ‘Buy’ rating and $22 price target, adding that Infleqtion is one of few public quantum compute companies that generate revenue at present.

Nvidia’s Ising Model

Nvidia launched its open-source Ising model earlier this week, comprised of AI-based quantum processor calibration capabilities and quantum error-correction decoding as foundational software for hybrid quantum systems. Ising is touted to help enterprises tackle problems with quantum computers up to 2.5 times faster and three times more accurately.

How Did Stocktwits Users React?

Retail users actively discussed Infleqtion's position in the quantum space, alongside potential for growth.

One bullish user noted that the company was still severely undervalued.

Another user said that Infleqtion was doing what Google has been trying to do for a while in the quantum space, adding that they “won’t be surprised” if Google acquired the company.

A third user predicted that the company’s shares would surge to $100 by the end of the year, and catapult to $500 by end of decade.

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