Rigetti Computing Rises After Q3 2024 Earnings Due To Modular QPU Framework
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Rigetti Computing's stock rose after announcing its Q3 2024 earnings, despite financial challenges. The company raised $12 million but reported a $17.3 million operating loss. Rigetti plans to release a 36-qubit system in mid-2025 and a 100-qubit system by year-end, targeting a $7.5 billion market.
November 15, 2024 | 1:15 pm
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Rigetti Computing's stock increased following its Q3 2024 earnings report. The company raised $12 million but faced a $17.3 million operating loss. It plans to release new quantum systems in 2025, aiming at a $7.5 billion market.
The stock price increase suggests positive investor sentiment despite financial losses, likely due to Rigetti's future plans and market potential. The company's focus on new quantum systems and a large target market may drive future growth.
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