We recently published Top Analyst Calls: 8 Stocks to Buy and Sell. Churchill Capital Corp X (NASDAQ:CCCX) is one of the top analyst calls.
Steve Grasso, Grasso Global CEO, said in a latest program on CNBC that he likes SPAC Churchill Capital but cautioned investors to only buy the stock if they are willing to take risks.
“So I have one that’s sort of a hidden play. It’s Churchill Capital Corp X (NASDAQ:CCCX). It’s actually a SPAC. No one’s talked about SPACs in how many years, court, right? So, it’s merging with Infleqtion. It’s a quantum name jumped. If you look at the chart, it’s jumped. So, please be careful when you buy this stock. This is not for the faint of heart. I’ve been playing it. I’m long it. I’ve been trading it. Very volatile name, but it’s been going up. So the volatility has worked for it and I think it goes up dramatically higher from here.”
Copyright: bugtiger / 123RF Stock Photo
In September, the company agreed to a definitive business combination agreement with Infleqtion, a neutral atom-based quantum technology company.
While we acknowledge the potential of CCCX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
