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Rigetti Computing Stock Surges Amid Quantum Computing Speculation
Rigetti Computing Stock Surges Amid Quantum Computing Speculation
18
2
BTCCSquare news:
Rigetti Computing shares spiked 20% in early trading Friday before settling to a 12% gain, defying the absence of immediate catalysts. The quantum computing pioneer specializes in on-premises systems with 24 to 84 qubits, serving national labs and research centers.
Investors face a classic high-risk, high-reward scenario. While quantum computing could revolutionize cybersecurity and computational paradigms, Rigetti operates at a pre-revenue stage with declining sales. Analysts project no profitability before 2031, with $425 million reserves against $65 million annual cash burn.
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