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PLTR, IONQ and RGTI Forecast – Major AI/Quantum Computing Companies Mixed

By:
Christopher Lewis
Published: Feb 4, 2025, 13:59 GMT+00:00

The major AI and Quantum computing companies out there are a bit mixed in the early hours of Tuesday, as they look very much like a market that is in statis at the moment.

In this article:

PLTR Technical Analysis

Palantir, as you can see, had an earnings report overnight, and it does look like the earnings report beat. So, at this point in time, I think that we are going to put serious pressure on the recent high at $85. If we can break above there, then it’s likely that Palantir will continue to climb much higher.

After all, it’s been in a very strong up trend to begin with, so there’s no reason to think that would change anytime soon. Short-term pullbacks should see plenty of support all the way down to at least the 50-day EMA, which currently sits at the $71.21 level.

IONQ Technical Analysis

IonQ rallied a little bit in pre-market trading and really I think at this point in time you have to look at this as a market that’s still very much in consolidation. I don’t know if it’s ready to take off right away, but with that being said the 50-day EMA currently sits at just under $36, and it has offered nice dynamic support over the last couple of weeks.

We still see a lot of volatility when it comes to AI and quantum computing in all of these stocks, and I think that will continue to be the case as unfortunately for Wall Street, the ball moves much faster in this part of the world than it does in other places. All one has to do is think of the chaos, that DeepSeek just kicked off and now we’re starting to question some of that. So a little bit of patience is probably needed and a whole lot of protection.

RGTI Technical Analysis

And finally, Rigetti Computing looks like it’s going to rally a little bit in the early pre-market trading, but it still is somewhat cautiously sideways. I do think that given enough time, we will probably try to fill the gap and get to the $18 region and short term pullbacks at this point in time should end up being buying opportunities. I don’t have any interest in trying to get too cute here. I think this is a very speculative stock, but it’s also a stock that is pointing in the right direction.

Despite the fact that we did have that wicked sell off after Jensen Wang suggested that AI really quantum computing and AI combining really wasn’t something that was going to be widely seen for about 10 to 15 years. Nonetheless, market participants seem to have pushed back against that. And it should be the case considering that Jensen Wang had a vested interest in this not taking off. It’s a competitor he’s speaking about or a competing technology, I should say. So, with that being said, I think at this point in time, we continue to see a lot of noise, but there is still a little bit more in the tank to the upside from what I see.

About the Author

Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.

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