Reported about 7 hours ago
Rigetti Computing's CEO Subodh Kulkarni has cautioned investors about managing their expectations following a 48% spike in the company's stock price. He emphasized that the firm is still in the technology development phase and is not yet at a point where sustained sales growth and profitability can be expected. Although the company's stock has surged significantly over the past year, Rigetti has yet to achieve profitability, facing challenges in its quantum chipmaking efforts.
Source: YAHOO