Rivas David sold $152K of RGTI

IonQ (IONQ), Rigetti (RGTI), and D-Wave (QBTS) stocks are rising pre-market. IonQ announced progress in quantum error correction, boosting sentiment. Analysts see significant upside: IONQ ($71 avg. target, 74% upside), RGTI ($29.50 avg. target, 79% upside), QBTS ($35.79 avg. target, 104% upside).

IonQ (NYSE:IONQ) announced a real-time quantum error-correction decoder, causing its stock to rise 11.93% premarket. The company claims its technology handles up to 408 logical qubits with minimal delay. Other quantum stocks, including D-Wave (NYSE:QBTS) and Rigetti (NASDAQ:RGTI), also gained. IonQ's stock is still 46% below its 52-week high of $84.64.

IONQ shares rose 12.27% after hours to $45.74 after announcing a quantum error correction breakthrough. RGTI, QBTS, and QUBT also gained. The technology aims to reduce errors in quantum computing. IONQ tested it on circuits simulating 408 logical qubits, adding minimal execution time.

IonQ (IONQ) rose 12.17% after hours to $45.70 after announcing a real-time quantum error correction decoder. D-Wave (QBTS) and Rigetti (RGTI) also gained, while Xanadu (XNDU) recovered from a 21.57% drop. IonQ also secured a hardware agreement with SDT, Inc. Analysts remain optimistic ahead of the Quantum World Congress.

Rigetti Computing (RGTI) shares have surged 9x over 3 years, trading at 9.8x book value, above the semiconductor industry average of 4.3x. A $100M CHIPS Act award has raised questions about future capital needs and asset conversion. Analysts and community narratives debate whether the current price is justified by growth prospects and book value.

Rigetti Computing (RGTI) finalized a $100M CHIPS Act award from the U.S. Department of Commerce for R&D in superconducting quantum processors. The funding supports three engineering projects and Rigetti's chiplet-based hardware roadmap. The Department will receive a minority equity stake. The award aims to address scaling bottlenecks in quantum processors for defense, national labs, and commercial use.