r/wallstreetbets • u/fksakeisaidnobabe • 1d ago
Buying the RGTI Dip? Stop. Think. Discussion
People hyping up the dip on RGTI seem to be ignoring the elephant in the room: a single, casual comment about quantum computing from a tech CEO wiped out 50% of RGTI's share price overnight. Let that sink in for a second... half the market cap gone, not because of earnings, not because of product failures, but because of words.
Now ask yourself: what does that say about what was propping up the $18+ price? Spoiler: It wasn’t the underlying financials or fundamentals.
So why are you buying back in? Are you seriously betting that Jensen walks back his comment? Or are you hoping another big-name CEO decides to contradict him just to boost this stock? Because that's a pretty wild gamble when you think about it.
This isn’t about a calculated investment anymore... it’s about FOMO and denial. Some of you don’t seem to want your money. Just remember, markets can stay irrational a lot longer than your wallet can.
TL;DR: Be real with yourself before buying the RGTI dip. Is this a strategic play, or are you just coping?
Edit#1 for clarification:
Clearly a divisive topic. Appreciate you all engaging and thanks for the award.
I’m seeing a lot of replies suggesting I’m bearish on quantum’s long-term potential. For clarity, I’m not. My point is that even at this dip, RGTI’s price doesn’t reflect its fundamentals or actual progress. If you believe in RGTI’s future, that’s fine... but why not wait for a price that matches its current reality?
If your plan is to time and profit off a dead cat bounce, great. Just be clear on your strategy.
Edit#2 for context some are missing:
For the multitude of comments claiming this was a ploy by Jensen to slow-roll Quantum investments... under Huang's leadership, NVIDIA has established strategic partnerships with multiple quantum computing entities, contributing significantly to the progress of quantum technologies through its high-performance computing solutions. He has skin in the game.
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u/mythrowawayheyhey 1d ago edited 1d ago
I mean I had all of my IONQ and RGTI shares sold off from stop losses today.
That's fine, that's why I put the stop losses in place. I've been riding this speculative rollercoaster for months. You can bet I bought back in at the bottom once it started showing signs of life, but for more shares than I had yesterday.
If Jensen or another GPU/CPU company CEO comes out tomorrow and says "actually I was wrong, it'll be 20 years before QPUs can do anything useful," then I'll thank him again while my shares sell off on Friday, and I'll buy back in twice as hard when the price settles at an apparent floor.
The technology has very profound implications on computation, and just because we may not see a QPU in our home computer for 10 or even 20 years, or whatever kind of marker y'all are setting, it doesn't mean that companies developing it aren't worth investing in. Nor does it mean that these stocks will flatline. They surged for a reason. And that reason will only become more apparent over time.
I will increase my # of shares as the price drops, and then I will hold.
The serious flaw in the plan is that I'm banking on RGTI or IONQ being as integral of a company as I'm sure QC will be for modern computing down the line. That may or may not happen, I don't know. For all I know, either one of them are duds in terms of the company 5 years down the line. The technology, though, I am entirely sold on.
So... I am buying into this specifically because I see it as a very, very, very good long-term investment. We're complaining about $10 and $20 drops now on stocks that were, a couple of months ago, penny stocks. Last week we were complaining about $5 and $10 drops.
The fact that the wind was momentarily taken out of its sails by a mere comment from a GPU company CEO doesn't really mean anything in terms of the potential value of the investment.