Rigetti holds a $575 million cash reserve with no debt, giving it over six years of R&D runway. Recent $350 million ATM equity offering boosted liquidity, fueling milestones like scaling to a 36-qubit system by mid-FY25. Q1 FY25 revenue dropped 52% year-over-year to $1.47 million, highlighting heavy reliance on volatile government contracts.
Quantum computing has been turning heads in the investment world, much like artificial intelligence (AI) has done and continues to do. The reason?
Key Points in This Article: Quantum computing's potential to transform industries like cryptography and drug discovery is driving a projected $850 billion market by 2040, reshaping the technological landscape.
RGTI sets itself apart with pulse-level QPU access, offering developers unmatched control for advanced quantum work.
Key Points in This Article: Quantum computing's potential to revolutionize industries like drug discovery and AI drives significant interest, with projections of a massive market by 2040.
QBTS stock surges 152% in three months as system sales and a $400M capital raise fuel growth and strengthen its balance sheet.
Quantum computing leader Rigetti Computing Inc (NASDAQ:RGTI) is surging this morning, up 8.3% at $12.27 at last look, after Cantor Fitzgerald initiated coverage on the equity with an "overweight" rating and $15 price target.
RGTI doubles down on in-house chip manufacturing with Fab 1, aiming for faster quantum gains and tighter system control.
Investors flocked to artificial intelligence (AI) stocks last year, and they drove market gains, leading the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average higher. Today, these players continue to advance, and they're joined by certain stocks in the high-potential field of quantum computing.
International Business Machines (NYSE:IBM) is having quite the comeback.
D-Wave achieved practical quantum supremacy, solving real-world problems in minutes, versus classical supercomputers requiring millions of years. Q1-FY25 revenue surged 509% YoY to $15 million, driven by a $12.6 million system sale to Julich. Advantage2 boasts 4,400+ qubits, 40,000 couplers, and 20-way connectivity, enabling faster, higher-quality solutions across industries.
Most investors are now aware of the remarkable rallies that have been locked inside the technology sector of the United States. However, those extraordinary overnight gains have mainly been confined to the artificial intelligence level, with a few exceptions in the semiconductor and chipmaking industries.