Welcome to our dedicated page for Rigetti Computing news (Ticker: RGTIW), a resource for investors and traders seeking the latest updates and insights on Rigetti Computing stock.
Rigetti Computing Inc (RGTIW) drives innovation in full-stack quantum systems through superconducting qubits and multi-chip architectures. This news hub provides investors and technology professionals with essential updates about the company's quantum computing advancements, financial developments, and strategic initiatives.
Access verified press releases and analysis covering RGTIW's quantum processor innovations, manufacturing milestones from Fab-1, and partnerships with cloud infrastructure providers. Our curated collection helps stakeholders track progress in quantum-classical integration and scalable computing solutions.
Key updates include earnings reports, technology patents, collaborative research projects, and leadership announcements. All content is sourced from official channels to ensure reliability for investment analysis and market research.
Bookmark this page for ongoing access to RGTIW's latest quantum computing developments. Check regularly for updates on superconducting processor enhancements, quantum cloud service expansions, and industry-specific applications of their technology.
Rigetti Computing (Nasdaq: RGTI) has announced that its CEO, Dr. Subodh Kulkarni, will deliver a keynote at SEMICON West 2024. The event will take place in San Francisco on July 10, 2024, at 10am PDT. Dr. Kulkarni's presentation, titled 'Superconducting Quantum Computing: Building on Decades of Semiconductor Innovation for Transformative Computational Power,' will explore the transformative potential of superconducting quantum computing. The keynote is part of SEMICON West's CEO Summit, which gathers leaders from the global electronics supply chain to discuss major opportunities and challenges in the semiconductor industry.
Rigetti Computing (NASDAQ: RGTI), a leader in hybrid quantum-classical computing, announced its upcoming inclusion in the Russell 3000® Index. This change becomes effective at the open of US equity markets on July 1, 2024. The annual Russell reconstitution captures the 4,000 largest US stocks by market capitalization. This membership will provide Rigetti increased visibility among investors and includes entry into either the Russell 1000® or Russell 2000® Index. CEO Dr. Subodh Kulkarni highlighted this as a significant milestone, underlining the company's progress in quantum technology. About $10.5 trillion in assets are benchmarked against the Russell US indexes, managed by FTSE Russell.
Rigetti Computing, Inc. reported its first quarter 2024 financial results, highlighting total revenues of $3.1 million, operating expenses of $18.1 million, and an operating loss of $16.6 million. The net loss was $20.8 million. The company raised $32.9 million in the first quarter. Rigetti achieved a 99.3% median 2-qubit gate fidelity and plans to launch a 84-qubit system by the end of the year. Novera QPU was sold to Horizon Quantum Computing, marking the company's entry into the Singapore quantum computing market. Rigetti also launched the Novera QPU Partner Program to support on-premises quantum computing ecosystem.
Rigetti Computing, Inc. will report its first quarter 2024 financial results on May 9, 2024, after market close. A conference call will be hosted to discuss the results and business operations on the same day at 5:00 p.m. ET. Details on how to access the call are provided.
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