Rigetti Computing (RGTI.US) gains another 15.60% amid rising interest in quantum computing The turning point came earlier this week when Alphabet announced its new Willow chip prototype.
Start investing today or test a free demo
Open real account TRY DEMO Download mobile app Download mobile appInterest in quantum computing has reached a record level over the past five years (the dashed line represents the current, still ongoing period). Source: Google Trends
Companies in the quantum computing sector are clearly benefiting from this trend. Significant stock gains started even earlier, at the beginning of November. Many companies have experienced multi-x increases in their stock prices. The spark came from successive announcements of significant technological advancements, culminating in Alphabet’s presentation of the Willow chip this week and the announcement of a new U.S. fund worth over $2.7 billion.
- At the start of December, U.S. senators proposed the National Quantum Initiative Reauthorization Act, aiming to allocate $2.7 billion over five years for quantum research. Efforts would focus on detection, computation, and communication to enhance national security and competitiveness in the sector.
- In November, Amazon Web Services launched "Quantum Embark", a new advisory program designed to help clients prepare for quantum computing, offering an expert-led approach.
Rigetti Benefits from Market Momentum and Announces Its Own Progress
On December 10th, Quantum Machines and Rigetti Computing announced the successful use of AI to automate the calibration of a 9-qubit quantum processor as part of the "AI for Quantum Calibration Challenge" organized by the Israeli Quantum Computing Center.
Financial Situation
Currently, all progress in the quantum computing sector remains in the research domain. Commercialization of products is not yet possible and likely won’t be for several years. Therefore, most companies in the sector, including Rigetti, rely heavily on capital funding and do not operate profitable businesses.
Chart (D1 Interval)
The company’s stock is up nearly 15% today, reaching a total market capitalization of $1.9 billion. However, the nature of these gains is highly speculative.
Source: xStation 5
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.
