Citron Research, led by Andrew Left, is doubling down on its quantum computing pick, noting that it has successfully transitioned from being a conceptual science project to a commercial reality.

This Is No Longer ‘A Science Project’

Left said Infleqtion, which went public via a SPAC merger earlier this year, is “no longer a science project,” signaling a shift from experimental development to what he views as a commercially viable phase. “This is real.”

See Also: What’s Going On With Quantum Computing Stocks Today?

Yet, Rigetti trades at a market capitalization of $7.84 billion, while Infleqtion trades at just over $720 million. Citron said that it expects the market capitalization of the two companies to cross in early 2026.

Citron’s Long/Short Quantum Trade

Earlier this year, Citron announced that it was going long on Infleqtion while shorting Rigetti, aiming to capture the long-term divergence in their respective valuations.

Since the firm initiated this trade, Rigetti Computing is down 35.50%, while Infleqtion is down 1.68%, amid broader skepticism surrounding quantum computing stocks.

Quantum Stocks Rally Amid Bullish Options Activity

Shares of Infleqtion were up 13.50% on Monday, closing at $15.72, along with Rigetti Computing, which was up 13.24%, trading at $26.90.

Other quantum stocks fared just as well during the year-ending Santa rally, fueled by a string of optimistic analyst coverages by Jefferies and Wedbush Securities, alongside bullish options activity, with put/call ratios below their 20-day averages for most of them.

This caps off a successful year for quantum stocks in 2025, with analysts and investors expecting the momentum to continue into the new year.

Infleqtion has a favorable price trend in the long run in Benzinga’s Edge Stock Rankings. Click here to see how it compares with Rigetti.

Photo Courtesy: JLStock from Shutterstock

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