Quantum computing stock Rigetti Computing Inc (NASDAQ:RGTI), like much of the upstart sector, has exploded onto the scene in the last year, racking up a 1,070% 12-month gain.
Rigetti Computing is rapidly diluting shareholders by issuing more stock to raise capital, giving the company ~$575 million in cash now. The quantum computing sector is highly competitive, with giants like IBM and Nvidia intensifying their efforts. Rigetti is forecast to sell minimal quantum computers through the end of the decade.
Welcome to the Green Stock News brief for Tuesday June 17th. Here are today's top headlines: D-Wave Quantum (NYSE: QBTS) has signed a memorandum of understanding with Yonsei University to promote quantum computing adoption in South Korea.
The quantum computing theme is certainly in play, with the trend expected to remain strong as companies continue to unlock the technology's powers.
RGTI doubles down on modular, high-fidelity quantum builds with Ankaa-3 and a roadmap targeting scalable, low-latency systems.
QBTS soars 1359.5% in a year but IBM's bold quantum leap raises fresh questions about its edge and survival.
Jensen Huang says quantum machines will be used to solve ‘interesting problems in the coming years.'
Quantum computing stocks have been quite volatile over the past six months. Investors get excited about their prospects and immediately sell if the market goes into risk-off mode.
Quantum computing stock IonQ Inc (NYSE:IONQ) is up 4.1% to trade at $40.61 this morning, after the company announced it will buy London-based Oxford Ionics in a $1.075 billion cash-and-stock deal.
FQVLF gains Panama's approval to preserve and manage the Cobre Panama mine, funded by 121,000 tons of copper sales.
Calstrs disclosed the stock trades, among others, in a form it filed with the Securities and Exchange Commission.
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