Invest in D-Wave Quantum (QBTS) and Rigetti Computing (RGTI) for potential growth in quantum computing.

From Nasdaq.: 2024-06-05 10:02:36

1. Quantum computing, alongside AI, is revolutionizing industries. Key players like Microsoft (MSFT) and IBM (IBM) are involved, while startups like D-Wave Quantum (QBTS) and Rigetti Computing (RGTI) have been added to the Russell 3000 Index. Expect increased market activity as fund managers track these new benchmarks.

2. D-Wave Quantum (QBTS) develops quantum computing systems and services, with a valuation of $226 million. Its Q1 results showed revenue growth to $2.5 million, a net loss per share of $0.11, and a customer base increase to 128. Analysts rate QBTS as a “Strong Buy” with a mean price target of $3.00, signaling potential upside.

3. Rigetti Computing (RGTI) designs quantum computers and processors, with a market cap of $177 million. Its recent Q1 earnings missed estimates with revenue of $3.1 million and a net loss per share of $0.14. Despite this, analysts maintain a bullish outlook, with a mean price target of $3.17 and significant upside potential.



Read more at Nasdaq.: 2 Quantum Computing Stocks to Scoop Up This June