Rigetti Computing Shares Skyrocket 15.4% Amidst Quantum Industry Race
AI Summary1 min read
TL;DR
Rigetti Computing's stock jumped 15.4% after Nobel laureate John Martinis warned the US quantum lead over China is slim, sparking hopes for government investment despite the company's high valuation and financial struggles.
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Rigetti Computingquantum computingstock surgeJohn MartinisUS-China competition
Rigetti Computing shares surged 15.4% as Nobel Prize winner John Martinis expressed concern that the US quantum industry may be only "nanoseconds" ahead of China. Martinis, who has visited the White House several times, said the administration is now focusing on quantum technology, fueling speculation about government investment in quantum companies. Rigetti's market capitalization is nearly $9 billion, but its sales and losses raise concerns about its value.
