Better Quantum Computing Stock: Rigetti Computing vs. D-Wave Quantum

Industry Overview - Quantum computing is expected to revolutionize data processing by utilizing qubits instead of traditional binary bits, allowing for faster data processing capabilities [1][2] - The quantum computing market is projected to grow at a compound annual growth rate (CAGR) of 34.8% from 2024 to 2032, indicating significant potential for early movers in the industry [3] Company Profiles Rigetti Computing - Rigetti designs and manufactures its own quantum processing units (QPUs) and offers a full quantum computing system along with a cloud infrastructure platform [4] - The company launched the Novera QPU, a 9-qubit commercial version priced at approximately $900,000, and plans to introduce a modular system with a median gate fidelity of 99.5$14 million in 2025 to $49.7 million in 2027, with a growth rate of 30$22.4 million in 2025 to $72.1 million in 2027, with a growth rate of 1$2.83 billion and $3.09 billion, respectively, with Rigetti trading at 57 times its projected sales for 2027 and D-Wave at 43 times [10][11] - Both companies are anticipated to remain unprofitable for at least the next three years, with significant dilution of existing shares due to stock-based compensation and secondary offerings [12] - Rigetti's outstanding shares increased by 73% and D-Wave's by 80% over the past year, indicating ongoing dilution [12] Insider Activity - Rigetti's insiders sold nearly four times as many shares as they bought, while D-Wave's insiders bought 8% more shares than they sold, suggesting a more favorable outlook for D-Wave [13] Investment Considerations - Despite promising strategies, both companies are currently trading at high valuations, making them less attractive investments at this time [10][14] - D-Wave is considered a slightly better investment option due to its accelerating growth, lower valuation, and positive insider sentiment [14]