Core Insights - Rigetti Computing (RGTI) is demonstrating early commercial traction with approximately $5.7 million in purchase orders for its Novera quantum processing units (QPUs) and related services, indicating validation of its hardware capabilities after extensive R&D investment [1][7] - The company secured a $5.8 million award from the Air Force Research Laboratory in collaboration with QphoX, positioning Rigetti at the forefront of quantum networking [2][7] - Despite uneven quarterly revenues, these developments suggest a turning point for Rigetti, as its technology is being adopted rather than merely tested [3][7] Company Developments - Rigetti's recent contracts and partnerships highlight a successful alignment of technological innovation with commercial opportunities, showcasing growing institutional confidence in its manufacturing and chip-packaging capabilities [2] - The deployment of two Novera systems to an Asian tech manufacturer and a California AI startup marks Rigetti's most significant commercialization milestone to date, with deployments scheduled for the first half of 2026 [1][2] Financial Performance - Rigetti's shares have increased by 136.3% year-to-date, significantly outperforming the industry growth of 19.2% [6] - The Zacks Consensus Estimate for Rigetti's 2025 earnings indicates a substantial 86.1% increase compared to the previous year [10] Valuation Metrics - Rigetti is currently trading at a price-to-book ratio of 21.13, which is above the industry average, and carries a Value Score of F [8]

Well, a Trump administration official now denying an earlier report from the Wall Street Journal that said the Commerce Department is in talks with some quantum computing companies for equity stakes in exchange for funding. Quantum stocks took a dip but still higher today despite that denial. Christina Parts and Levis Partzene has more in today's tech check.Hi, Christina. >> It's been a roller coaster with this story, but like you said, the Trump administration is really pouring cold water on a report about ...

Quantum Computing & Cybersecurity - BTQ Technologies partnered with Bonsol to perform the first quantum-safe signature verification on Solana [1] - The signature verification uses NIST-standard cryptography [1] Technology & Partnerships - BTQ Technologies partnered with Bonsol [1] - The partnership focuses on post-quantum cryptography [1] Cryptocurrency & Blockchain - The quantum-safe signature verification was performed on Solana [1] - The development is relevant to $SOL [1]

Core Insights - Beyond Meat Inc. has regained its status as a popular meme stock, leading to a significant increase in retail trading activity and lifting the company's stock from record lows [1][3][6] Retail Trading Activity - Retail investors accounted for 16% of total single-stock trading volume on a recent Tuesday, marking the highest level recorded since 2018, with approximately $1.3 billion traded that day [2][4] - Non-professional traders invested $895 million in stocks and ETFs by 11 a.m. on Thursday, placing them in the top 14th percentile of trading activity over the past year, with a strong preference for single stocks [5] Market Trends - The resurgence of Beyond Meat as a meme stock has contributed to a broader trend of elevated retail trading volumes in October, driven by interests in sectors such as crypto, AI, and gold [4][5] - Beyond Meat's stock experienced a dramatic rally, surging over 1,300% within four days after hitting record lows due to a debt swap that led to substantial shareholder dilution [6]

Rigetti Computing (RGTI) shares soared more than 15% at one point in Thursday trading following reports President Donald Trump’s administration wants to take equity stakes in the quantum technology companies. However, investors should note that the Trump admin has since said it is not negotiating equity stakes with any quantum-tech companies. Despite a sharp increase on Thursday, RGTI stock remains down over 30% versus its recent high. More News from Barchart www.barchart.com Is Government Interest Bul ...

Core Insights - The Defiance Quantum ETF (NASDAQ: QTUM) combines speculative quantum computing stocks with established tech companies, providing a balanced investment approach in a high-risk sector [2][3][8] - Quantum computing holds significant potential across various industries, but current technology is still in its infancy, akin to classical computing in the 1950s [5][6] - The ETF has gained 38% year-to-date, reflecting growing investor interest, but high valuations in pure-play quantum stocks necessitate caution [9] Group 1: ETF Structure and Strategy - The Defiance Quantum ETF tracks the BlueStar Quantum Computing and Machine Learning Index, consisting of 80 positions with varying degrees of quantum exposure [7] - The fund includes both pure-play quantum companies, such as IonQ and Rigetti Computing, and profitable tech giants like Nvidia and AMD, which are investing in quantum infrastructure [7][8] - This diversification aims to mitigate risks associated with high revenue multiples and cash burn rates of pure-play quantum stocks [8] Group 2: Market Potential and Challenges - Quantum computing has potential applications in drug discovery, financial modeling, artificial intelligence, and cryptography, with markets worth hundreds of billions of dollars [5] - Current quantum computers face significant technical challenges, including the need for near-absolute-zero temperatures and high error rates, making them commercially unproven [6] - The ETF's expense ratio of 0.4% is considered reasonable for thematic exposure, but investors should be aware of the long timeline for commercialization of quantum technology [9]

Group 1: Tesla - Tesla shares fell after reporting mixed earnings for Q3, despite record vehicle deliveries [7][28] - Profits were impacted by tariffs and lower emissions credit revenue, but CEO Elon Musk emphasized the expansion of the robo taxi initiative and progress on the Optimus robot [8][28] - Analysts remain optimistic about Tesla's long-term potential in robotics and autonomous technology, with Morgan Stanley maintaining an outperform rating and a $410 price target [28] Group 2: AT&T - AT&T reported a profit in Q3, but adjusted earnings and revenues fell short of expectations due to a competitive pricing environment [37][40] - The company added over 400,000 high-quality post-paid subscribers, attributing this growth to promotional campaigns [40] - AT&T is launching a new campaign to address competitive pricing claims, particularly targeting T-Mobile's advertising practices [41][45] Group 3: Market Overview - The Dow is up about 54 points, with the S&P 500 and Nasdaq also showing gains, driven by earnings-related news [3][4] - Crude oil futures spiked following new sanctions on Russian oil companies, benefiting energy stocks [3][4] - The overall market is experiencing a rally, although Tesla's decline is holding back some gains in the Nasdaq [6][103] Group 4: Blackstone - Blackstone reported a 48% increase in distributable earnings, with $54 billion in inflows for the quarter, marking the fourth consecutive quarter above $50 billion [112][114] - The company is optimistic about future earnings due to a cyclical upturn in deal activity and strong performance in digital and energy infrastructure investments [114][115] - Analysts noted potential disappointment in management fees, which may have affected stock performance despite strong earnings [117]

Core Insights - The U.S. government is considering acquiring equity stakes in major quantum companies, prompting an update on the investment thesis for Arqit Quantum Inc. (NASDAQ: ARQQ) [1] Group 1: Investment Strategy - The focus is on identifying high-quality companies with a market capitalization of less than $10 billion that can reinvest capital for impressive returns [1] - The ideal companies should demonstrate a long-term capability of capital compounding with a high compound annual growth rate, potentially delivering tenfold returns or greater [1] - A long-term investment perspective is emphasized to generate higher returns compared to market indices, especially in a rapidly evolving investment landscape [1] Group 2: Risk Management - A conservative investment strategy is primarily adopted, with occasional pursuit of opportunities that present a favorable risk-reward ratio [1] - Careful consideration is given to ventures with substantial upside potential and limited downside, ensuring overall portfolio stability [1]

Core Viewpoint - Quantum Stock shares are surging due to reports of potential equity stake exchanges with the Trump administration for federal funding, although some sources are denying these claims [1][2]. Group 1: Government Involvement - The Trump administration is reportedly in discussions to take equity stakes in quantum companies, which has led to significant stock price increases for firms like INQ, Regetti, and Dwave [2]. - Regetti confirmed ongoing engagement with the U.S. government regarding funding opportunities, emphasizing the importance of U.S. leadership in quantum technology for national security [3]. - The government previously converted nearly $9 billion in grants into a 10% stake in Intel, highlighting a precedent for such actions [4]. Group 2: Industry Context - Quantum firms currently have minimal revenue and are facing cash burn while developing technology that is not yet scalable, contrasting with established companies like Intel [5]. - Major tech companies such as Google, IBM, Microsoft, and Amazon are heavily investing in quantum technology, with Google recently announcing a significant breakthrough with its willow chip [6]. - The global race for quantum technology is intensifying, with countries like Australia investing nearly $1 billion in quantum initiatives, indicating a strategic focus on this emerging field [5].

Core Insights - The stock prices of America's major publicly traded quantum computing companies have experienced significant volatility over the past 24 hours [1] Group 1 - The companies involved include D-Wave, IonQ, Quantum Computing Inc., and Rigetti [1]