Rigetti Computing stock faces avoid call over underperformance and competition
Updated
Updated · The Motley Fool · May 5
Rigetti Computing stock faces avoid call over underperformance and competition
7 articles · Updated · The Motley Fool · May 5
The company missed advancement to stage two of DARPA's Quantum Benchmarking Initiative and posted Q4 revenue of $1.9 million, down from $2.3 million a year earlier.
The report says Rigetti trails rivals including IonQ, IBM and Google, with IonQ reporting $61.9 million in quarterly revenue and stronger momentum in the quantum computing race.
Rigetti's superconducting-qubit strategy pits it against better-funded competitors, and the analyst says investors may prefer other quantum stocks, ETFs or established tech groups until performance improves.
With its technology lagging and finances weak, what is Rigetti's plan to survive the quantum computing race?
As IonQ's revenue soars, is its trapped-ion tech the definitive future, or just one of many competing quantum paths?