Latest news with #Riverlane
Yahoo
14-04-2025
- Business
- Yahoo
Rigetti Computing (NasdaqCM:RGTI) Jumps 21% In A Week
Rigetti Computing recently experienced a significant share price rise of approximately 21% last week, following their selection to participate in the DARPA Quantum Benchmarking Initiative. This development highlights their advancements in quantum computing, as their move to Stage A involves a detailed assessment of their utility-scale quantum computer concept, supported by a notable partnership with Riverlane. Despite the broader market increasing by 5% over the same period, Rigetti's news likely added weight to this movement with its unique positioning in the growing quantum computing field. Be aware that Rigetti Computing is showing 4 weaknesses in our investment analysis and 1 of those shouldn't be ignored. Find companies with promising cash flow potential yet trading below their fair value. Over the past year, Rigetti Computing's total shareholder return was very large. In comparison, the company's 1-year return exceeded both the US market's 3.6% and the US Semiconductor industry's 3.8%. This positions Rigetti favorably amid broader market conditions, highlighting its growth potential and market traction, especially in the quantum computing sector. The recent DARPA initiative selection and partnership with Riverlane are positioned to influence Rigetti's future revenue and earnings positively. Despite current unprofitability, these developments might provide momentum for the company's forecasted revenue growth of 39.2% per year. However, profitability remains a distant target, as indicated by current and forecasted earnings. With shares significantly discounted from the consensus analyst price target of US$15.00, the company's stock movement reflects potential for upward adjustment, albeit in a volatile price context. Learn about Rigetti Computing's future growth trajectory here. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqCM:RGTI. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Yahoo
12-04-2025
- Business
- Yahoo
Rigetti Computing (NasdaqCM:RGTI) Jumps 21% In A Week
Rigetti Computing recently experienced a significant share price rise of approximately 21% last week, following their selection to participate in the DARPA Quantum Benchmarking Initiative. This development highlights their advancements in quantum computing, as their move to Stage A involves a detailed assessment of their utility-scale quantum computer concept, supported by a notable partnership with Riverlane. Despite the broader market increasing by 5% over the same period, Rigetti's news likely added weight to this movement with its unique positioning in the growing quantum computing field. Be aware that Rigetti Computing is showing 4 weaknesses in our investment analysis and 1 of those shouldn't be ignored. Find companies with promising cash flow potential yet trading below their fair value. Over the past year, Rigetti Computing's total shareholder return was very large. In comparison, the company's 1-year return exceeded both the US market's 3.6% and the US Semiconductor industry's 3.8%. This positions Rigetti favorably amid broader market conditions, highlighting its growth potential and market traction, especially in the quantum computing sector. The recent DARPA initiative selection and partnership with Riverlane are positioned to influence Rigetti's future revenue and earnings positively. Despite current unprofitability, these developments might provide momentum for the company's forecasted revenue growth of 39.2% per year. However, profitability remains a distant target, as indicated by current and forecasted earnings. With shares significantly discounted from the consensus analyst price target of US$15.00, the company's stock movement reflects potential for upward adjustment, albeit in a volatile price context. Learn about Rigetti Computing's future growth trajectory here. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqCM:RGTI. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Associated Press
30-01-2025
- Business
- Associated Press
Riverlane Strengthens Executive Team with Liz Durst, Former Director of IBM's Qiskit
CAMBRIDGE, England--(BUSINESS WIRE)--Jan 30, 2025-- Riverlane, a global leader in quantum error correction (QEC), has announced the appointment of Liz Durst as Vice President of QEC Community. Liz is a highly regarded leader in the quantum computing industry with extensive experience developing open-source tools and fostering global technology communities. Her expertise will be instrumental in advancing QEC and accelerating Riverlane's mission to make quantum computing useful, sooner. Liz is best known for her role in building IBM Quantum's Qiskit, which has grown to dominate over 80% of the quantum computing developer tools market. Today, this open-source software development kit (SDK) attracts more than 600,000 users worldwide and continues to democratise access to quantum computing, enabling researchers and developers to explore and contribute to the field. Through Liz's efforts to build the quantum workforce, Qiskit is now used by over 700 universities worldwide to teach the fundamentals of quantum computing. Quantum computing is entering a new phase—the ' QEC era '—marked by significant advancements in quantum error correction. As this technology matures, it presents fresh technical challenges and a growing need to empower the next generation of learners and innovators. 'The NISQ era marked the beginning of meaningful engagement with quantum computing, and Liz was at the forefront of that movement,' said Steve Brierley, CEO and Founder of Riverlane. 'Now, at the dawn of a new era for quantum computing, we see parallels and enormous opportunities to create a similar impact in quantum error correction. With Liz at the helm of our community efforts, Riverlane is well-positioned to lead this exciting new chapter.' As VP of QEC Community, Liz will focus on building a software development kit for quantum error correction along with learning resources to prepare the global quantum community for working with logical qubits and error corrected systems. 'I'm thrilled to join Riverlane, a company that's not only leading in quantum error correction but also deeply committed to building the strong, collaborative community needed to realize its full potential,' said Liz Durst. 'I'm passionate about empowering people worldwide to use and advance quantum computing. Beyond providing tools, I'm motivated by the opportunity to enable education and inclusivity, building a welcoming future workforce ready to make meaningful contributions. Having seen firsthand how thriving open-source ecosystems can drive progress, I look forward to working with Riverlane to accelerate the path to useful fault tolerant quantum computers.' Liz joins Riverlane's world-class team of quantum researchers, hardware engineers and chip designers, many of whom have spearheaded large-scale projects at companies like Amazon, ARM, and Microsoft. Together, this team represents the largest dedicated quantum error correction group globally, with close to a hundred experts working on Riverlane's core product, Deltaflow™. About Riverlane Riverlane's mission is to make quantum computing useful, sooner. This will transform the future of computing and start an era of human progress as significant as the digital and industrial revolutions. Achieving this requires a 10,000x reduction in the system errors that quickly overwhelm all quantum computers, today. Riverlane is building Deltaflow, the quantum error correction (QEC) stack, to solve this problem across all qubit types. Having assembled the world's leading experts in quantum error correction and chip design, Riverlane is now supplying over half of the world's quantum computing companies. At Deltaflow's core is the world's most powerful quantum error decoder. Deltaflow is powered by a new class of patented QEC semiconductors designed and built by Riverlane. PUB: 01/30/2025 08:05 AM/DISC: 01/30/2025 08:05 AM
