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Rigetti Weighs CHIPS Act Funding Windfall Against Shareholder Dilution Risk
Simply Wall St.82d agobearish
Rigetti Weighs CHIPS Act Funding Windfall Against Shareholder Dilution Risk

Rigetti Computing (NasdaqCM:RGTI) has signed a letter of intent with the U.S. Department of Commerce for up to US$100 million in CHIPS Act funding. The funding is intended to support superconducting quantum computing development over multiple years. As part of the arrangement, the U.S. government is expected to receive an equity stake in Rigetti. Rigetti focuses on superconducting quantum computers and related software, aiming to make quantum hardware usable through cloud and hybrid quantum...

IonQ Falls 7%, D-Wave Dives 8%, Rigetti and Quantum Computing Inc. Plunge 9%: Quantum Stocks Crash on Profit-Taking
24/7 Wall St.86d agobearish
IonQ Falls 7%, D-Wave Dives 8%, Rigetti and Quantum Computing Inc. Plunge 9%: Quantum Stocks Crash on Profit-Taking

IonQ (NYSE:IONQ) shares are down roughly 7%, D-Wave Quantum (NYSE:QBTS) stock is off 8%, and shares of Rigetti Computing (NASDAQ:RGTI) and Quantum Computing (NASDAQ:QUBT) are dropping 10%. No single company-specific catalyst is driving the move. All four names reported earnings over the past two weeks with strong revenue growth and bullish commentary, fueling a sector ... IonQ Falls 7%, D-Wave Dives 8%, Rigetti and Quantum Computing Inc. Plunge 9%: Quantum Stocks Crash on Profit-Taking

Quantum Computing Stock Shock: IonQ, Rigetti, D-Wave, and Quantum Computing Inc. Fall 6% to 9%
24/7 Wall St.89d agobearish
Quantum Computing Stock Shock: IonQ, Rigetti, D-Wave, and Quantum Computing Inc. Fall 6% to 9%

The quantum computing complex is taking a sharp hit Friday afternoon, with all four major U.S.-listed pure-play names selling off in unison. IonQ (NYSE:IONQ) is down 9% intraday to roughly $52.50, while Quantum Computing Inc. (NASDAQ:QUBT) is the worst performer of the group as it’s down 9% to $10.71. D-Wave Quantum (NYSE:QBTS) is off 7% ... Quantum Computing Stock Shock: IonQ, Rigetti, D-Wave, and Quantum Computing Inc. Fall 6% to 9%