Where does it fall to ? I say $1.
Definitely has a long way to fall since up over $1 that s month alone
Meh, needs a healthy pullback...for those new to RGTI...always good to accumulate shares around these numbers. I would not be surprised if it pullback to $2.50 before steeping back up. And really, for me this is one of those types of stocks, accumulate to one's own risk tolerance and then forget about it for the next 5 years. And when options expand on this, play it there.
From your mouth to the "big guys" ears.
Well, the same tech will be creating it, also. But it will make the current encryption tech obsolete. Hopefully, RGTI is somewhere in this race, this is truly the ground floor. If it is successful, RGTI as stock will move fast and not take 20 years to make my reasonable initial investments dollars into a true retirement fund.
Meant to say....break limitless encryption codes wins.
The first one to create limitless encryption codes wins...
Bottom line...this whole sector hasn't even started yet. The race to quantum computing superiority,is critical to ours,and other super powers mere existence. Welcome to the " new cold war"
Kinda of fluff piece by "InvestorPlace" but always nice to see a stock one's in, in these pieces, the RGTI part: Link to full article: https://investorplace.com/2023/07/if-you-can-only-buy-one-quantum-computing-stock-it-better-be-one-of-these-3-names/
RGTI is a full-stack quantum computing company that designs quantum chips, integrates those chips with a controlling architecture and develops software. This quantum computing stock should definitely be on your radar.
Rigetti’s competitive advantage lies in its focus on hybrid quantum-classical computing systems. In short, it wants to give consumers the best of both worlds. It aims to accomplish this through the release of its Ankaa-1 84-qubit system. Once it has built significant traction with its release, it will attempt to capture a quantum advantage over its competitors.
The company also recently entered into a collaboration agreement with ADIA Lab, an independent research institute based in Abu Dhabi specializing in data and computational sciences. The partnership aims to design, build, execute and optimize a quantum computing solution.
$RGTI - 👆Up 20% Pre-Market/ Current Price $1.29
👉To Report Q2 23 Financial Results & Host Conference Call on Aug 10
👉Rigetti & ADIA Lab Sign Collaboration Agreement to Develop Quantum Machine Learning Solution for Probability Distribution Classification-7/26
NOT exactly, Dude --- look at its chart for the past month or so.
Nope...the only thing that concerns me is the SP that seems to be going up, up, and up
RGTI: So, nobody here is concerned at all about the DISMAL Financials of this Firm??? (Notwithstanding their CUTE quantum computer; which looks like an 'X-Mass' tree hanging upside-down from a ceiling. Well, in any event, they are obviously thinkin', "OUTSIDE-THE-BOX"!!)
"GlobeNewswire, 7-4-23, 8:30 p.m. (ET): In the above film-clip, The CEO of RGTI Company proudly-unveils their disruptive, unprecedented, brand-new, INTEGRAL-WATER-COOLING-SYSTEM for their entire line of (AI-based) QUANTUM COMPUTERS."
This is really starting to cook
In @$1.22...think you're right
But in the OTHER directton, FOOL!!! (Talkin' to my stupid self!!!)
Let alone making a --- shall we say 'Quantum Leap' --- towards a quarterly PROFIT!!
I think it might the AI bandwagon move. Quantum computing should be the go-to Semiconductors somewhere down the line in the future. I'm in no rush, I's like to see RGTI grow itself organically the likes of AMD, NVIDA, etc.
Excerpt from May 11 2023 1st Quarter 2023 results:
"I'm pleased to report that we believe we are on track and progressing toward the nearer-term strategic priorities and technology roadmap we announced in February 2023. Following the implementation of our updated business strategy we announced in February 2023, which is designed to improve our focus, operating efficiency and preserve cash resources, we are starting to see positive impacts," said Dr. Subodh Kulkarni, Rigetti Chief Executive Officer.
The Company's next generation 84-qubit (Ankaa-1) system, which is built using new architecture of a square lattice and tunable couplers was deployed internally within the Company for testing in March 2023, is achieving 96-97% median 2-qubit fidelity and 65-70 nanosecond gate speeds based on the Company's internal testing. The Company's prior generation 80-qubit Aspen M-3 system achieved 94-95% median 2-qubit fidelity and 185-190 nanosecond gate speeds.
"We believe these metrics demonstrate the superior performance of Ankaa-1 as compared to Aspen M-3 and confirm our belief that the chip used in the Ankaa-1 system is a leap forward in architectural design," said Dr. Kulkarni.
As previously disclosed, the Company currently anticipates launching Ankaa-1 to select customers in mid-2023, as we continue to work to improve Ankaa-1 performance with the goal of reaching median 2-qubit fidelity of 98% to support the anticipated Ankaa-2 84-qubit system. The Company's Ankaa-2 84-qubit system, with anticipated improvements in design and performance, is expected to be deployed and made available to external customers in the fourth quarter of 2023. The Company remains committed to working to achieve 2-qubit fidelity of 99% with the anticipated Ankaa-2, which we expect to be achieved in 2024, and development of the 336-qubit Lyra system thereafter.
Rigetti recently released the results of application and development work that demonstrates the progress the Company is making towards improving its hardware and software capabilities, which we believe reflects advancement towards potentially achieving narrow quantum advantage. Using quantum-inspired classical simulations, we were able to demonstrate the computational power of quantum methods compared to the classic alternatives.
"At our current stage of development, we believe that executing toward our roadmap and achieving our technology milestones are key to fueling our goal of achieving quantum advantage. We remain focused on meeting our objectives," said Dr. Kulkarni.
Based on its current operating plan, Rigetti expects to have cash, cash equivalents, and available-for-sale securities of between $65-$75 million at the end of 2023. At this time, based on its current operating plan, Rigetti anticipates that it will need to raise additional funding by late 2024 or early 2025 to continue its research and development efforts and achieve its business objectives. This estimate reflects Rigetti's current business plan that is based on assumptions that may prove to be wrong, and Rigetti could use its available capital resources sooner than it currently expects.
Should be time for some news I would think.
Do you have a link to the buyout speculation from IBM please?