Overview
- Rigetti and D‑Wave have rallied roughly 1,900% over the past year, with some pure‑play names now valued above $10 billion despite minimal revenue.
- Both companies remain unprofitable and continue to burn cash, with limited real‑world applications reported so far.
- Rigetti reports Q3 results on Monday after the close, with Wall Street expecting about $2.39 million in revenue and a loss of $0.05 per share; options imply a ~14% move.
- Investor enthusiasm is reinforced by fresh private capital, including a Quantinuum round this week that valued the company at $10 billion, while the White House previously denied plans to take equity stakes in public quantum firms.
- Timelines for broadly useful quantum computing remain disputed, with views ranging from a few years to decades, underscoring what some analysts describe as an all‑or‑nothing bet.