Rigetti Computing

Rigetti Computing reported massive Q1 revenue growth driven by their new 108-qubit quantum system, but high R&D costs are weighing on the stock. The post-earnings sell-off seems to have stabilized, with a long, flat consolidation and drying up volume. The market is waiting for the next catalyst.

Goldman Sachs and JPMorgan Chase represent divergent strategies in the quantum computing race, with Goldman investing in quantum research through a lab partnership and JPMorgan adopting a more cautious approach. The article highlights Wall Street's fragmented commitment to quantum technology, as firms like Rigetti Computing advance hardware development.