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0 -0.000156407669021185 -0.000504540867810192 0.00135721493440975 0.00135721493440975 0.00135721493440975 0.00135721493440975 0.00135721493440975
Stock impact report

Rigetti DARPA Setback And Qubit Delay Put Growth Story Under Scrutiny [Yahoo! Finance]

Rigetti Computing, Inc. (RGTI) 
Company Research Source: Yahoo! Finance
Rigetti Computing postponed the launch of its 108 qubit system to work on improving error rates. The company did not advance in a prominent DARPA quantum computing contract tied to government research efforts. These developments come as larger quantum players continue to progress on both technology and government partnerships. For investors watching NasdaqCM:RGTI, the news arrives after a volatile stretch for the stock. The shares last closed at $19.85, with a 20.5% decline over the past week, an 11.4% decline over the past month, and a 15.9% decline year to date. Even with those pullbacks, the 1 year return is 61.4% and the 3 year gain is very large. The contract setback and product delay raise questions about how Rigetti will position itself against much larger rivals in quantum computing. Investors may watch closely for fresh information on updated launch timing, technical milestones around error rates, and whether the company can secure other commercial or government oppo Show less Read more
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