Alphabet Climbs Following Breakthrough With Willow Quantum Chip [Yahoo! Finance Canada]
Rigetti Computing, Inc. (RGTI)
Company Research
Source: Yahoo! Finance Canada
Most Read from Bloomberg The stock gained as much as 6.3% and traded at the highest since July. Alphabet has lagged behind most of the Magnificent 7, but Tuesday's surge added to a catchup rally that has boosted the shares almost 25% off a September low. The company's quantum computer needs just five minutes to solve a problem that would take supercomputers around 10 septillion years, Alphabet announced Monday, though it did not disclose any actual uses for all that theoretical power. That didn't stop analysts from taking a bullish view of the development, with many singling out Willow as a potential long-term catalyst. “While quantum is still years from broad commercial adoption,” the breakthrough “reinforces Google's technology leadership,” wrote Colin Sebastian, an analyst at Baird who has an outperform rating on the stock. “Willow marks an important step toward the eventual commercialization of quantum computing — something that could have significant implications for man
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RGTI
Earnings
- 11/12/24 - In-Line
RGTI
Sec Filings
- 12/13/24 - Form 4
- 12/11/24 - Form 4
- 12/10/24 - Form 144
- RGTI's page on the SEC website