Rigetti’s Quantum Future Under Scrutiny
from The Daily News Now! Business
Rigetti Computing’s stock plunged from $58 to near $21, sparking debate over whether quantum hype is fading—or if this is still a high-stakes bet on the future. Despite the drop, the U.S. government may inject up to $100 million into Rigetti as part of a broader quantum push, signaling continued industry support. Revenue tripled in Q1 2026 thanks to research deals and system sales, but operating losses persist—though $400 million in cash provides runway. Analysts average a $29 price target, hinting at upside potential. With fierce competition from Google, IBM, and others, Rigetti’s long-term success hinges on turning quantum research into real profits—a journey likely stretching into the early 2030s. For believers in quantum’s future, it’s still a speculative play with serious upside. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/f77b63bc4ed5154e
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