Infleqtion, Inc. (NYSE:INFQ) was among the stocks Jim Cramer looked at as he explained the need for a tame bond market for the stock market to go higher. Cramer highlighted the company’s latest earnings, as he stated:
For most of last year, the quantum computing stocks, they seemed invincible. Then last fall, they went out of style along with the other speculative plays that had thrived during the year of magical investing, as I called it. This technology is still in its infancy, but it could be a game-changer down the road. So I think it’s worth getting to know the major players in the space, including Infleqtion… which came public via a SPAC merger that closed back in February. Now, these guys have partnerships with a host of government agencies, from NASA to the Pentagon, and with major companies like L3Harris and Safran.
Last night, Infleqtion reported its first quarter as a publicly traded company, racking up some, I felt, some solid revenue growth, even as the business is still a long, long way from turning a profit as I’m sure they will tell you. The stock got hammered in response, down 11% today. But I think that’s just more about the market’s appetite for risk than anything else on a given day.
Photo by AlphaTradeZone
Infleqtion, Inc. (NYSE:INFQ) builds quantum hardware, including computers, precision sensors, and specialized software for the defense and commercial sectors. The company’s solutions include cold atom systems, quantum clocks, and several electronic components used by research institutions and government agencies.
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