Infleqtion Inc. (NYSE:INFQ) shares are trading lower on Thursday. The decline follows a massive multi-week rally. Investors appear to be locking in gains after a significant price appreciation.
Infleqtion surged 67.15% between March 30 and recent peaks. The stock climbed from $8.92 to $14.91 during that window.
Citron Research Highlights Nvidia Partnership
Andrew Left’s Citron Research weighed in on the valuation gap Thursday. In a post on X, Citron noted that Nvidia Corp. (NASDAQ:NVDA) recently selected Infleqtion for multiple roles.
Citron said INFQ is the only company Nvidia selected twice—for both calibration and decoding—yet it trades at roughly half the market capitalization of Rigetti Computing Inc (NASDAQ:RGTI), which Nvidia did not select.
Citron emphasized that Nvidia’s Ising press release ranked these players.
Superior Financial and Contractual Positioning
Infleqtion continues to distance itself from competitors like Rigetti. According to Citron, Infleqtion boasts 100% organic growth in 2025. The company holds $550 million in cash with zero debt.
Furthermore, the company has secured major government contracts. Partners include Sandia, Fermilab and Lawrence Berkeley.
Citron noted, “The people who actually understand quantum” chose Infleqtion. The company’s neutral-atom platform targets scaling from 12 to 30 logical qubits by year-end.
Jensen Huang’s Quantum Vision
The momentum stems from Nvidia’s launch of Ising. Nvidia CEO Jensen Huang recently remarked, “AI is essential to making quantum computing practical.”
He noted that AI is becoming the “operating system of quantum machines.” Infleqtion was selected to use Nvidia AI to reduce quantum processor setup times from days to hours.
INFQ Stock Price Activity: Infleqtion shares were down 2.67% at $14.60 at the time of publication on Thursday, according to Benzinga Pro data.
Photo by Wright Studio via Shutterstock
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