🔴 RGTX ETF (RGTX) is trading 5.5% down today as profit-taking continues following a parabolic surge in quantum and AI-linked names

RGTX ETF (RGTX) is trading 5.5% down today as the 2x leveraged fund extends its sharp reversal following an extreme multi-day spike tied to AI and CHIPS Act optimism.

• Speculative traders are continuing to take profits as enthusiasm for Rigetti Computing (RGTI) and related quantum semiconductor names cools.
• The pullback marks a normalization of volatility after last week’s parabolic surge, occurring even as broader U.S. indices trade roughly flat.