Rivas David sold $152K of RGTI

Rigetti Computing (RGTI) and D-Wave Quantum (QBTS) each rose 17% after IonQ raised its 2026 revenue guidance to $505-515M. Rigetti's Q2 revenue was $5.1M, with analysts expecting $23.3M for 2023 and $83.4M by 2028. D-Wave's revenue nearly tripled to $24.6M in fiscal 2025, with estimates at $42.5M for 2023 and $148M by 2028. Both companies report earnings on Nov. 10.

IonQ (IONQ) reported Q3 2026 revenue of $173.8M, up 336% YoY, beating estimates. The company raised its 2026 revenue guidance to $505M-$515M. Despite growth, losses widened, and share count increased due to equity offerings. Rigetti (RGTI) and D-Wave (QBTS) stocks also surged on the news.

Wedbush reduced price targets for quantum computing stocks, citing slower growth expectations for 2027-2028 and IonQ's recent equity raise. The firm highlights Infleqtion's technical execution, IonQ's scale, and upside potential in Rigetti and D-Wave, considering factors like milestones, federal support, and AI-driven R&D.

Intel (INTC) agreed to acquire Classiq for $2.3B, boosting quantum computing stocks like IonQ (IONQ), Rigetti (RGTI), and D-Wave (QBTS). D-Wave partnered with LG CNS for quantum applications. IonQ received $7.5M from the U.S. Air Force for quantum networks. PsiQuantum unveiled AI data center technology. NVision and HyperLight developed molecular quantum chips.

Quantum computing stocks surged after Intel's $2.3B acquisition of Classiq. Rigetti (RGTI) +8.74%, IonQ (IONQ) +7.12%, and others rose. Intel aims to combine Classiq's software with its quantum hardware. Despite gains, many stocks are down year-to-date. The Nasdaq also rose 1.2%. Deal expected to close in 2027.

IonQ (IONQ) rose 7%, Rigetti (RGTI) 8%, and D-Wave (QBTS) 4% after Intel (INTC) agreed to buy Classiq for $2.3B. IonQ's recent 24% drop was due to sector selloff and dilution concerns. IonQ reports Q3 earnings Nov. 5, with expected 254% revenue growth. Intel's deal highlights confidence in quantum computing sector.