Rigetti Computing, Inc.·Technology

Rigetti Computing (RGTI) shares are making a quantum leap. Megan Brantley (@LikeFolio) says we're still in the very early stages of the technology but attributes the big rally across the space to investors and businesses looking to get ahead of the trend.

Rigetti Computing announced yesterday that it's on track to receive a $100 million investment from the U.S. Department of Commerce. TD Cowen named Rigetti one of the three biggest winners from the U.S. government's new quantum investing push.

The U.S. government is becoming a direct investor in quantum computing. Washington's quantum push gives RGTI new long-term credibility. QTUM offers diversified exposure to the quantum and AI infrastructure trade.

The U.S. Department of Commerce award $2 billion in grants to quantum computing companies. It will award $0 of grants to Quantum Computing Inc.

Rigetting Computing is soaring because of a new funding round from the United States government. The company is barely generating any revenue and losing substantial money every quarter.

Shares of Rigetti Computing (NASDAQ:RGTI), Quantum Computing Inc.
Rigetti Computing, Inc. operates as an integrated systems company. The company builds quantum computers and the superconducting quantum processors that power them. Its machines are integrated into various public, private, or hybrid clouds through its Quantum Cloud Services platform. The company was founded in 2013 and is based in Berkeley, California.
Technology
Computer Hardware
137
2021-04-22
1.80