Rigetti Computing (RGTI) Reports Earnings Today – Will Shares Skyrocket?
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3 Articles
Rigetti Computing (RGTI) Reports Earnings Today – Will Shares Skyrocket?
Live Updates Live Coverage Has Ended RGTI Climbing Back Up 4:34 pm The initial reaction to RGTI’s earnings miss was overblown and the stock after- hours is climbing back to even. This very well could open trading tomorrow up after updates from management in the earnings conference call that will kick off in under 30 minutes. My Reaction 4:24 pm Rigetti’s relevance hinges more on technological milestones than near-term revenue — and the 36-…
Rigetti Computing CEO: Quantum advantage 4 years away
By Larry DignanRigetti Computing said its 36-qubit multi-chip quantum computer is generally available and outlined a plan to build a 100-qubit system with 99.5% fidelity by the end of 2025, but quantum advantage is likely 4 years away. The technology milestones and outlook were outlined as Rigetti reported second quarter results that missed estimates. Rigetti reported a second quarter net loss of $39.7 million, or 13 cents a share, on revenue of…
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