Currently at 'oversold' due to an end of the lock-up period. Rigetti Computing is a Berkeley, California-based developer of superconducting quantum computers. Partnership with Nasdaq, Standard Chartered Bank, United States Department of Energy, Ampere Computing and etc. Rigetti's 80-qubit Aspen-M machine available on Amazon AWS and Microsoft Azure cloud. Huge potential.
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New 84 Qubit QPU release early 2023. Fastest CLOP QPU in the world according to Rigetti Investor Day 2022.
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Strong support tested at 2.26 level. Balance sheet got much solid after $75M committed equity facility.
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The founder and CEO left the project. Losing competition. Bearish.