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Rigetti Computing and D-Wave Quantum remain key players in quantum computing sector

1 report, 1 independent Updated Oct 6
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

Rigetti Computing and D-Wave Quantum are recognized as popular pure-play picks in the quantum computing industry. Both companies are receiving government support, with the U.S. government having invested up to $100 million each in both firms under the 2022 CHIPS and Science Act. Rigetti Computing reported a $28.1 million operating loss for the quarter, while D-Wave Quantum reported a $53.3 million loss from operations in its second quarter.

From fool.com

Why it matters

Some supportBrind's analysis of the reports

The companies are currently in a high-investment phase, as quantum computing is still years from commercial viability. Rigetti had more revenue than D-Wave in the quarter, but D-Wave saw its first-half backlog surge by 1,120% year over year to $35.5 million.

From fool.com

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Who could feel it

Possible knock-on effects

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

  • Rigetti ComputingSpeculative

    Rigetti Computing could see its core business model validated through government funding via the CHIPS Act.

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