Citadel’s Quantum Computing Bets: Rigetti and D-Wave See Explosive Growth
Ken Griffin's Citadel Advisors has placed strategic bets on quantum computing pioneers Rigetti Computing and D-Wave Quantum during Q3 2025. The hedge fund acquired 51,700 shares of Rigetti and 122,600 shares of D-Wave, signaling institutional confidence in this frontier technology sector.
Rigetti's stock has skyrocketed 3,750% since January 2023, while D-Wave has surged 1,770% since January 2024. Wall Street remains bullish, with median price targets suggesting 42% upside for Rigetti and 48% for D-Wave over the next twelve months.
Both companies employ superconducting quantum computing architectures, though with divergent qubit approaches. Valuation metrics raise eyebrows - Rigetti trades at 1,080 times sales and D-Wave at 325 times sales - reflecting both the sector's potential and its speculative nature.
