youtube
The US Commerce Department is injecting 100 million dollars each into quantum computing companies Rigetti and D-Wave through the CHIPS Act, taking minority non-controlling equity stakes in both hardware developers. While this federal backing highlights the strategic importance of quantum technology, underlying financial fundamentals tell a much more cautious story. Rigetti carries a Quant rating of Sell on Seeking Alpha, burdened by just 13 million dollars in total revenue alongside heavily negative EBITDA. For long-term investors, mounting profitability concerns and persistent cash burn continue to outweigh optimistic government funding headlines.
|
