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Barchart
Barchart
Sushree Mohanty

Rigetti and D-Wave Just Got $100 Million Each. 1 Quantum Stock Has More Upside From Here.

WAVE Rigetti United States DWave

The quantum computing sector continues to evolve, with companies still trying to overcome technical and commercial hurdles. Amid the challenges, D-Wave Quantum (QBTS) and Rigetti Computing (RGTI) have just received an important vote of confidence from the U.S. government. Both companies have secured as much as $100 million each through the CHIPS and Science Act, in deals that give the Department of Commerce a minority ownership position without control over either company.

With access to significant capital to advance their quantum-computing ambitions, the question now is what each company can actually do with this money. And that is where the case for D-Wave looks more intriguing.

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