Why Rigetti's Revenue Miss Doesn't Matter, and the $600 Million Cash Pile Does

This quantum computing pioneer's latest financial results have little bearing on what's to come.Rigetti Computing's (RGTI +4.13%) shares were up more than 200% year to date just weeks ago. However, since early October, the stock has plunged over 50%. The company's disappointing third-quarter results accelerated the sell-off.Although Rigetti beat analysts' earnings estimates, the quantum computing company fell short of Wall Street's revenue expectations. That revenue miss doesn't matter, but Rigetti's $600 m ...