Dr. Hugh Bitt (@cat_states) 's Twitter Profile
Dr. Hugh Bitt

@cat_states

Separating quantum signal from quantum noise. Charts, snark, and uncomfortable truths.

ID: 1985188394159443968

calendar_today03-11-2025 03:33:32

581 Tweet

696 Followers

81 Following

Dr. Hugh Bitt (@cat_states) 's Twitter Profile Photo

Strong finish to the week for quantum names. $IONQ +9% $RGTI +7.3% $QBTS +4.6% $CCCX +3.4% Some love for $IONQ in particular - market warming back up after a horrible January. CPI coming in soft probably helped the whole sector. Eyes on Tuesday when markets reopen. Infleqtion

Strong finish to the week for quantum names.

$IONQ +9%
$RGTI +7.3%
$QBTS +4.6%
$CCCX +3.4%

Some love for $IONQ in particular - market warming back up after a horrible January. CPI coming in soft probably helped the whole sector.

Eyes on Tuesday when markets reopen. Infleqtion
Dr. Hugh Bitt (@cat_states) 's Twitter Profile Photo

Coincidentally, BIP 360 came out just before this news broke. BIP 360 should be revised to go even harder and faster at it, IMO.

no cap SPACs (@spac_caps) 's Twitter Profile Photo

Next week you have the opportunity to do something special You can get in $INFQ Infleqtion on day 1. Ground floor. Build an army with me. We’ll be bigger than $ASTS and $RKLB soon Infleqtion is the leader of quantum in space

Dr. Hugh Bitt (@cat_states) 's Twitter Profile Photo

There’s something widely repeated by $IONQ proponents which is the "99.99% fidelity" misconception. It’s presented as if this is a fidelity that they have achieved at scale. That’s far from the truth. The number comes from a 2-qubit lab device using calcium ions. $IONQ's

Dr. Hugh Bitt (@cat_states) 's Twitter Profile Photo

The Bitcoin quantum threat window is getting closer. But something doesn't add up 🤔 Total value of Bitcoin: $1.4 trillion Total value of ALL listed quantum stocks: $30 billion That's 2% of BTC. $IONQ, $RGTI, $QBTS, $QUBT, $INFQ - every pure-play combined - wouldn't register

The Bitcoin quantum threat window is getting closer.

But something doesn't add up 🤔

Total value of Bitcoin: $1.4 trillion
Total value of ALL listed quantum stocks: $30 billion

That's 2% of BTC. $IONQ, $RGTI, $QBTS, $QUBT, $INFQ - every pure-play combined - wouldn't register
Dr. Hugh Bitt (@cat_states) 's Twitter Profile Photo

$INFQ rings the opening bell today! Infleqtion is now the first publicly listed neutral-atom quantum technology company. $500M+ in the bank. NYSE listing. $CCCX → $INFQ complete. For the patient ones who held through the SPAC fog - congrats. This was always the bet: neutral

Dr. Hugh Bitt (@cat_states) 's Twitter Profile Photo

$INFQ's first day as a public company: Up 13.2% while the rest of quantum bled. $IONQ -2.7% $RGTI -3.1% $QUBT -5.0% $QBTS -6.3% And $INFQ just... rips. Over the weekend the Infleqtion-Churchill SPAC merger closed, ticker changed, and now it trades on NYSE as $INFQ. Now it’s

$INFQ's first day as a public company:

Up 13.2% while the rest of quantum bled.

$IONQ -2.7%
$RGTI -3.1%
$QUBT -5.0%
$QBTS -6.3%

And $INFQ just... rips.

Over the weekend the Infleqtion-Churchill SPAC merger closed, ticker changed, and now it trades on NYSE as $INFQ.

Now it’s
Dr. Hugh Bitt (@cat_states) 's Twitter Profile Photo

Sabine Hossenfelder's latest video says quantum computing use cases are "falling apart." And she's blocked me. Despite never having interacted with her. So this is going to be a one-sided conversation. She makes some fair points. The hype-to-substance ratio in quantum is high.

Sabine Hossenfelder's latest video says quantum computing use cases are "falling apart." And she's blocked me. Despite never having interacted with her. So this is going to be a one-sided conversation.

She makes some fair points. The hype-to-substance ratio in quantum is high.
Dr. Hugh Bitt (@cat_states) 's Twitter Profile Photo

Let's check in on quantum valuations now $INFQ is officially trading on the NYSE. $IONQ: $11.9B $QBTS: $6.8B $RGTI: $5.1B $INFQ: $3.8B $CHAC (Xanadu SPAC): $3.8B $QUBT: $1.8B Still trading at a discount to every listed pure-play except $QUBT. But the gap to $RGTI is closing -

Let's check in on quantum valuations now $INFQ is officially trading on the NYSE.

$IONQ: $11.9B
$QBTS: $6.8B
$RGTI: $5.1B
$INFQ: $3.8B
$CHAC (Xanadu SPAC): $3.8B
$QUBT: $1.8B

Still trading at a discount to every listed pure-play except $QUBT. But the gap to $RGTI is closing -
Dr. Hugh Bitt (@cat_states) 's Twitter Profile Photo

How would OpenAI and Anthropic trade if they IPO'd tomorrow? There are zero listed frontier AI labs in the US right now. But two Chinese labs - MiniMax and Z.AI - both IPO'd in Hong Kong in January. Both are up ~6x from day 1 pricing. Both sitting at ~$40B

How would OpenAI and Anthropic trade if they IPO'd tomorrow?

There are zero listed frontier AI labs in the US right now. But two Chinese labs - MiniMax and Z.AI - both IPO'd in Hong Kong in January.

Both are up ~6x from day 1 pricing. Both sitting at ~$40B
Dr. Hugh Bitt (@cat_states) 's Twitter Profile Photo

Let's take a look at $INFQ volume after the merger completed. Day 1 saw a small spike at 6.4M shares (~$99M). Since then it's settled to around 4-5M shares per day, or ~$65-70M in dollar volume. The overall level is higher than the pre-merger $CCCX period. But it's still very

Let's take a look at $INFQ volume after the merger completed.

Day 1 saw a small spike at 6.4M shares (~$99M). Since then it's settled to around 4-5M shares per day, or ~$65-70M in dollar volume.

The overall level is higher than the pre-merger $CCCX period. But it's still very