Overview
- The article positions quantum computing as a new investment theme and spotlights Rigetti, IonQ, and Alphabet.
- Rigetti reported its first 108‑qubit system sale to India’s C‑DAC for $8.4 million and said development is ahead of schedule.
- The 108‑qubit design emphasizes speed with 50–70 nanosecond gates but reports a median two‑qubit fidelity of about 99%, reflecting a speed‑accuracy trade‑off.
- Rigetti’s shares trade more than 50% below their prior high, and the company is expected to remain unprofitable for several years as it prioritizes R&D.
- A recent company update pushed general availability of the 108‑qubit system to the end of Q1 for additional testing, underscoring near‑term execution risk.