Why Rigetti (RGTI) and D-Wave Quantum Inc. (QBTS) Plunged Today

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Why Rigetti (RGTI) and D-Wave Quantum Inc. (QBTS) Plunged Today

Insider Monkey12-20 07:06

Rigetti Computing, Inc. (RGTI) and D-Wave Quantum Inc. (QBTS) experienced significant declines, with both stocks falling nearly 30% today. Rigetti designs quantum computers and offers cloud-based ...

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NightMorph
·12-20 08:08
That's a very lopsided analysis of D-Wave. Again, favoring the monopolies. You failed to mention D-Wave is not just speculative but fundamental and technical. Their quantum computers are already being used to solve real world problems. To say the technology is "years" from being the next thing, is short sighted and misleading.
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(QBTS) Plunged Today\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-20 07:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/why-rigetti-rgti-d-wave-230641824.html><strong>Insider Monkey</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Rigetti Computing, Inc. (RGTI) and D-Wave Quantum Inc. (QBTS) experienced significant declines, with both stocks falling nearly 30% today.\nRigetti designs quantum computers and offers cloud-based ...</p>\n\n<a href=\"https://finance.yahoo.com/news/why-rigetti-rgti-d-wave-230641824.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2720916845.USD","symbol_name":"BGF GLOBAL UNCONSTRAINED EQUITY \"A2\" (USD) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/why-rigetti-rgti-d-wave-230641824.html","article_id":"2492435279","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/JY0jKuWYctshgeMp_ov_HA--~B/aD04MTY7dz0xNDU2O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/insidermonkey.com/963fe51cbecacbfb5e693831f69c8f7c"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492435279","pubTimestamp":1734649601,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Rigetti Computing, Inc.  and D-Wave Quantum Inc.  experienced significant declines, with both stocks falling nearly 30% today.Rigetti designs quantum computers and offers cloud-based quantum services, while D-Wave develops quantum computing systems and provides software, cloud services, and professional solutions for several industries.On December 9, Alphabet Inc.  introduced the Willow quantum chip, which is a significant milestone in quantum computing. 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(RGTI) and D-Wave Quantum Inc. (QBTS) experienced significant declines, with both stocks falling nearly 30% today.\nRigetti designs quantum computers and offers cloud-based quantum services, while D-Wave develops quantum computing systems and provides software, cloud services, and professional solutions for several industries.\n Why Rigetti (RGTI) and D-Wave Quantum Inc. (QBTS) Plunged Today? \nOn December 9, Alphabet Inc. (GOOGL) introduced the Willow quantum chip, which is a significant milestone in quantum computing. The announcements gave a significant boost to quantum computing stocks like Rigetti and D-Wave which surged around 140% and 93% between December 9 and December 18 market close.\nBoth stocks face sharp declines today, primarily because they seem to have become bubble stocks. These companies experienced massive price surges following Google's breakthrough in quantum computing, which sparked investor optimism. However, as reality sets in, investors are realizing that practical, scalable applications of quantum computing are still years away, requiring billions in ongoing investments. As a result, these stocks are now being seen as speculative and overvalued, with the possibility that these companies may not survive, while tech giants like Google (GOOGL) are more likely to succeed in this field.\nIn a post on social media platform X, Citron Research mentioned that one clear indicator of this mismatch between market expectations and reality is these companies' research and development (R&D) spending. For example, IonQ (IONQ) allocated $33 million to R&D last quarter, and Rigetti spent $12 million, amounts that are relatively small next to the much larger R&D expenditures of tech giants like GOOGL. However, D-Wave only spent $2 million on R&D during the same period. The inconsistency is quite noticeable for a company that claims to offer \"integrated high-performance quantum systems,\" the firm stressed. This discrepancy between spending and the promises made by these companies reflects the speculative nature of their stock prices.\nMoreover, D-Wave's recent equity offering at just $2.50 a share shows the financial instability and lack of alignment with their valuation, Citron noted. As the market begins to reassess the hype surrounding these stocks, it becomes clear that the path to profitability for these companies will be long and uncertain. In contrast, firms like Google, with their vast resources and established experience, are better positioned to lead the quantum computing revolution.\nWhile we acknowledge the potential of RGTI and QBTS as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than QBTS but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.\nREAD NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock\nDisclosure. None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and investors. Please subscribe to our daily free newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":383473022542096,"gmtCreate":1734653305551,"gmtModify":1734653310155,"author":{"id":"4159738213464392","authorId":"4159738213464392","name":"NightMorph","avatar":"https://community-static.tradeup.com/news/d93c136b82813e124328166429a89e1e","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4159738213464392","authorIdStr":"4159738213464392"},"htmlText":"That's a very lopsided analysis of D-Wave. Again, favoring the monopolies. You failed to mention D-Wave is not just speculative but fundamental and technical. Their quantum computers are already being used to solve real world problems. To say the technology is \"years\" from being the next thing, is short sighted and misleading.","listText":"That's a very lopsided analysis of D-Wave. Again, favoring the monopolies. You failed to mention D-Wave is not just speculative but fundamental and technical. Their quantum computers are already being used to solve real world problems. To say the technology is \"years\" from being the next thing, is short sighted and misleading.","text":"That's a very lopsided analysis of D-Wave. Again, favoring the monopolies. You failed to mention D-Wave is not just speculative but fundamental and technical. Their quantum computers are already being used to solve real world problems. To say the technology is \"years\" from being the next thing, is short sighted and misleading.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/383473022542096","repostId":2492435279,"repostType":2,"repost":{"id":"2492435279","kind":"highlight","pubTimestamp":1734649601,"share":"https://ttm.financial/m/news/2492435279?lang=&edition=fundamental","pubTime":"2024-12-20 07:06","market":"us","language":"en","title":"Why Rigetti (RGTI) and D-Wave Quantum Inc. (QBTS) Plunged Today","url":"https://stock-news.laohu8.com/highlight/detail?id=2492435279","media":"Insider Monkey","summary":"Rigetti Computing, Inc.  and D-Wave Quantum Inc.  experienced significant declines, with both stocks falling nearly 30% today.Rigetti designs quantum computers and offers cloud-based quantum services, while D-Wave develops quantum computing systems and provides software, cloud services, and professional solutions for several industries.On December 9, Alphabet Inc.  introduced the Willow quantum chip, which is a significant milestone in quantum computing. The announcements gave a significant boost to quantum computing stocks like Rigetti and D-Wave which surged around 140% and 93% between December 9 and December 18 market close.Both stocks face sharp declines today, primarily because they seem to have become bubble stocks. These companies experienced massive price surges following Google's breakthrough in quantum computing, which sparked investor optimism. However, as reality sets in, investors are realizing that practical, scalable applications of quantum computing are still years away","content":"<html><body><p><a href=\"https://laohu8.com/S/RGTI\">Rigetti Computing</a>, Inc. (RGTI) and D-Wave Quantum Inc. (QBTS) experienced significant declines, with both stocks falling nearly 30% today.</p>\n<p>Rigetti designs quantum computers and offers cloud-based quantum services, while D-Wave develops quantum computing systems and provides software, cloud services, and professional solutions for several industries.</p>\n<img height=\"816\" src=\"https://s1.yimg.com/uu/api/res/1.2/bi2P_m7aq1tAvMhsBoS6lg--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/insidermonkey.com/963fe51cbecacbfb5e693831f69c8f7c\" width=\"1456\"/> Why Rigetti (RGTI) and D-Wave Quantum Inc. (QBTS) Plunged Today? \n<p>On December 9, Alphabet Inc. (GOOGL) introduced the Willow quantum chip, which is a significant milestone in quantum computing. The announcements gave a significant boost to quantum computing stocks like Rigetti and D-Wave which surged around 140% and 93% between December 9 and December 18 market close.</p>\n<p>Both stocks face sharp declines today, primarily because they seem to have become bubble stocks. These companies experienced massive price surges following Google's breakthrough in quantum computing, which sparked investor optimism. However, as reality sets in, investors are realizing that practical, scalable applications of quantum computing are still years away, requiring billions in ongoing investments. As a result, these stocks are now being seen as speculative and overvalued, with the possibility that these companies may not survive, while tech giants like Google (GOOGL) are more likely to succeed in this field.</p>\n<p>In a post on social media platform X, Citron Research mentioned that one clear indicator of this mismatch between market expectations and reality is these companies' research and development (R&amp;D) spending. For example, IonQ (IONQ) allocated $33 million to R&amp;D last quarter, and Rigetti spent $12 million, amounts that are relatively small next to the much larger R&amp;D expenditures of tech giants like GOOGL. However, D-Wave only spent $2 million on R&amp;D during the same period. The inconsistency is quite noticeable for a company that claims to offer \"integrated high-performance quantum systems,\" the firm stressed. This discrepancy between spending and the promises made by these companies reflects the speculative nature of their stock prices.</p>\n<p>Moreover, D-Wave's recent equity offering at just $2.50 a share shows the financial instability and lack of alignment with their valuation, Citron noted. As the market begins to reassess the hype surrounding these stocks, it becomes clear that the path to profitability for these companies will be long and uncertain. In contrast, firms like Google, with their vast resources and established experience, are better positioned to lead the quantum computing revolution.</p>\n<p>While we acknowledge the potential of RGTI and QBTS as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than QBTS but that trades at less than 5 times its earnings, check out our report about the <b>cheapest AI stock</b>.</p>\n<p><b>READ NEXT: </b><b>8 Best Wide Moat Stocks to Buy Now</b><b> and</b> <b>30 Most Important AI Stocks According to BlackRock</b></p>\n<p>Disclosure. None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and investors. Please subscribe to our daily free newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.</p>\n</body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Rigetti (RGTI) and D-Wave Quantum Inc. (QBTS) Plunged Today</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Rigetti (RGTI) and D-Wave Quantum Inc. (QBTS) Plunged Today\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-20 07:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/why-rigetti-rgti-d-wave-230641824.html><strong>Insider Monkey</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Rigetti Computing, Inc. (RGTI) and D-Wave Quantum Inc. (QBTS) experienced significant declines, with both stocks falling nearly 30% today.\nRigetti designs quantum computers and offers cloud-based ...</p>\n\n<a href=\"https://finance.yahoo.com/news/why-rigetti-rgti-d-wave-230641824.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://s.yimg.com/uu/api/res/1.2/JY0jKuWYctshgeMp_ov_HA--~B/aD04MTY7dz0xNDU2O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/insidermonkey.com/963fe51cbecacbfb5e693831f69c8f7c","relate_stocks":{"LU2720916845.USD":"BGF GLOBAL UNCONSTRAINED EQUITY \"A2\" (USD) ACC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU2275660780.HKD":"SCHRODER ISF GLOBAL CLIMATE CHANGE EQUITY \"A\" (HKD) ACC","LU0130518102.USD":"HARRIS ASSOCIATES GLOBAL EQUITY \"R\" INC","RGTIW":"Rigetti Computing Warrant","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","LU2125154935.USD":"ALLSPRING (LUX) WF GLOBAL EQUITY ENHANCED INCOME \"I\" (USD) INC","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","LU0345768740.USD":"NINETY ONE GSF GLOBAL STRATEGIC MANAGED \"A\" (USD) INC","LU2092627202.USD":"Blackrock ESG Multi-Asset A8 USD-H","RGTI":"Rigetti Computing","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H","GOOGL":"谷歌A","BK4574":"无人驾驶","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU0106261372.USD":"SCHRODER ISF US LARGE CAP \"A\" ACC","GOOG":"谷歌","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","LU0861579265.USD":"联博低波幅策略股票基金A","LU1059921491.USD":"NORDEA 1 GLOBAL STABLE EQUITY \"HB\" (USDHDG) ACC","BK4561":"索罗斯持仓","LU0477156797.USD":"HARRIS ASSOCIATES GLOBAL EQUITY \"RE\" (USD) ACC","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","IONQ":"IONQ Inc.","LU1699723380.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"AP\" (USD) ACC","LU1267930490.SGD":"TEMPLETON GLOBAL EQUITY INCOME \"AS\" (SGD) INC A","LU0985489474.SGD":"First Eagle Amundi International AHS-C SGD-H","LU0477156953.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"RE\" (USD) ACC","LU2552382058.USD":"WELLINGTON US BRAND POWER \"A\" (USD) ACC","USJW.SI":"ALPHAB 3xLongSG261006","LU1934455277.USD":"AB SICAV I LOW VOLATILITY TOTAL RETURN EQUITY PORT \"AD\" (USD) INC","LU2286300806.USD":"Allianz Cyber Security AT Acc USD","LU1235294995.USD":"FIDELITY GLOBAL TECHNOLOGY \"A\" (USDHDG) ACC","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU0957791311.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"ZU\" (USD) ACC","LU1084165304.USD":"FIDELITY WORLD \"A\" (USD) ACC","LU0433182093.SGD":"First Eagle Amundi International AS-C SGD","LU2098885051.SGD":"JPMorgan Funds - Multi-Manager Alternatives A (acc) SGD","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","BK4023":"应用软件","LU2430703095.HKD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (HKD) INC","LU2491050071.SGD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (SGDHDG) ACC","LU1791710582.SGD":"Fidelity Global Demographics A-ACC-SGD (SGD/USD hedged)","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","LU0072462426.USD":"贝莱德全球配置 A2","LU0823421333.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) ACC","QBTS":"D-Wave Systems Inc.","BK4587":"ChatGPT概念"},"source_url":"https://finance.yahoo.com/news/why-rigetti-rgti-d-wave-230641824.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2492435279","content_text":"Rigetti Computing, Inc. (RGTI) and D-Wave Quantum Inc. (QBTS) experienced significant declines, with both stocks falling nearly 30% today.\nRigetti designs quantum computers and offers cloud-based quantum services, while D-Wave develops quantum computing systems and provides software, cloud services, and professional solutions for several industries.\n Why Rigetti (RGTI) and D-Wave Quantum Inc. (QBTS) Plunged Today? \nOn December 9, Alphabet Inc. (GOOGL) introduced the Willow quantum chip, which is a significant milestone in quantum computing. The announcements gave a significant boost to quantum computing stocks like Rigetti and D-Wave which surged around 140% and 93% between December 9 and December 18 market close.\nBoth stocks face sharp declines today, primarily because they seem to have become bubble stocks. These companies experienced massive price surges following Google's breakthrough in quantum computing, which sparked investor optimism. However, as reality sets in, investors are realizing that practical, scalable applications of quantum computing are still years away, requiring billions in ongoing investments. As a result, these stocks are now being seen as speculative and overvalued, with the possibility that these companies may not survive, while tech giants like Google (GOOGL) are more likely to succeed in this field.\nIn a post on social media platform X, Citron Research mentioned that one clear indicator of this mismatch between market expectations and reality is these companies' research and development (R&D) spending. For example, IonQ (IONQ) allocated $33 million to R&D last quarter, and Rigetti spent $12 million, amounts that are relatively small next to the much larger R&D expenditures of tech giants like GOOGL. However, D-Wave only spent $2 million on R&D during the same period. The inconsistency is quite noticeable for a company that claims to offer \"integrated high-performance quantum systems,\" the firm stressed. This discrepancy between spending and the promises made by these companies reflects the speculative nature of their stock prices.\nMoreover, D-Wave's recent equity offering at just $2.50 a share shows the financial instability and lack of alignment with their valuation, Citron noted. As the market begins to reassess the hype surrounding these stocks, it becomes clear that the path to profitability for these companies will be long and uncertain. In contrast, firms like Google, with their vast resources and established experience, are better positioned to lead the quantum computing revolution.\nWhile we acknowledge the potential of RGTI and QBTS as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than QBTS but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.\nREAD NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock\nDisclosure. None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and investors. Please subscribe to our daily free newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":0,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}