Infleqtion's stock plummeted 7.91% during intraday trading on Tuesday, reflecting a significant downward movement for the quantum computing company.

The decline represents continued profit-taking pressure following the stock's explosive rally last week. That rally was triggered by Infleqtion signing a $100 million letter of intent with the US Department of Commerce, which is part of a broader $2 billion government initiative to bolster America's quantum computing leadership.