We have to tamp down expectations

Listen and subscribe to Opening Bid on Apple Podcasts, Spotify, YouTube or wherever you find your favorite podcasts.

The explosive move in Rigetti Computing’s (RGTI) stock has its CEO cautioning investors that it will take time for the company to post sustainable sales growth and profits.

“Particularly because of the hype that is going on in the quantum computing space and some erroneous statements are being made, including by people in the industry, we have to tamp down some expectations,” Rigetti Computing CEO Subodh Kulkarni told me on Yahoo Finance’s Opening Bid podcast (video above; listen in below).

Kulkarni talked to Yahoo Finance after attending a New York City conference at investment bank Needham on Tuesday.

“So I have to…

Source link