Uncle Sam's $2B Quantum Gift: Buy D-Wave, Skip Rigetti
D-Wave Quantum has received a Buy rating following a significant $2 billion investment from the US Department of Commerce aimed at boosting the quantum industry. This funding is expected to accelerate development and enhance D-Wave's competitive position compared to Rigetti Computing, which remains rated as Hold. D-Wave's impressive backlog growth and lower valuation multiples make it a more attractive option for investors.
- ▪D-Wave Quantum is rated Buy due to a $2 billion investment from the US government.
- ▪The funding is aimed at accelerating the development of the US quantum industry.
- ▪D-Wave has experienced approximately 2000% backlog growth, making it more appealing than Rigetti Computing.
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