3/2/2024 0 Comments Invest luminous computing![]() Otherwise, it’d be smart to move to other stocks on this list that incorporate quantum computing into a broader business plan or corporate strategy. You have to believe in the underlying vision of quantum computing to make a bet here. Needless to say, these are both concept stocks for the time being. Neither IonQ or Rigetti envision getting to $100 million in revenues until 2025. ![]() ![]() This a completely new technological frontier, so don’t expect too much certainty in terms of how things will play out. It’s also uncertain how quickly Rigetti or rivals such as IonQ will be able to ramp up their capabilities on the technical side. It’s hard to even estimate how much market demand there is for the product yet. Quantum computing is just getting off the ground. The transaction should raise $458 million for the company, giving it a long pathway to establish its business. Once the deal is done, the company will change to the ticker symbol RGTI. Supernova Partners Acquisition Company II, a special purpose acquisition company (SPAC), intends to purchase Rigetti. CEO Chad Rigetti offers a simple and clear bull thesis on the space: “In the next decade one Rigetti quantum computer could be more powerful than today’s entire global cloud.” This set off a burst of excitement in the nascent field of quantum computing. Rather, it is a new approach to the concept that would unlock a whole new field of technological research and innovation.Įarlier this month, Rigetti Computing announced that it will be going public. It’s not seeking to improve existing computers. To be clear, quantum computing isn’t competing with traditional laptops or cell phones. Supernova Partners Acquisition Company II (NYSE: SNII).These are seven quantum computing stocks to add to your watchlist today: That said, some early front-runners are starting to take the field. We’re in the first inning of the industry, if the game has even started yet. Will quantum computing be highly successful? That’s the multibillion dollar question, but it’s arguably too early to say. It’ll also enable big returns for quantum computing stock owners. This will enable researchers to approach fields such as pharmaceutical drug research, weather forecasting, cybersecurity and computational chemistry in a whole new way. Using a radically different technological process, quantum computing seeks to achieve orders of magnitude faster calculations. Quantum computing is a fascinating new field for technologists and investors alike, envisioning a new way of computing.
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