Quantum Computing Stocks Surge
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Although these elements signal strong momentum, there have been inconsistent indications about official government interest.
Quantum computing stocks have been rising at feverish levels this year. One of the hottest has been Rigetti Computing ( RGTI +9.80%), which, despite some modest financial results thus far, has soared 200% since the beginning of the year and close to 4,800% in 12 months.
The breakthrough, confirmed in Nature, pushes quantum computing from theory to real-world validation. Alphabet stock rose 1.8%, adding nearly $35 billion in market value, as investors priced in Google’s evolving quantum edge. Following Google’s latest breakthrough, quantum computing is starting to look a lot more like a business.
The Commerce Department is reportedly in talks with top quantum computing companies about awarding at least $10 million to each company.
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Is It Time to Sell Your Quantum Computing Stocks? Warren Buffett Has Some Great Advice for You
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The current situation is this – despite the recent volatility, we believe QUBT stock carries too much risk at around $16.