Bernstein Analyst: Rigetti and Infleqtion Top Quantum Picks

Bernstein analyst Mark Newman believes the market is overlooking Rigetti Computing and Infleqtion in the quantum computing race, and considers them among the best investment opportunities in the sector.

Recommendation Change

No prior recommendation was mentioned, but Newman places Rigetti and Infleqtion on his top picks list for quantum computing investments.

Analyst's Rationale

Newman argues that the market is overly focused on large players like IBM and Google, ignoring startups like Rigetti and Infleqtion that possess unique technologies. He notes Rigetti's hybrid approach combining classical and quantum computing, while Infleqtion focuses on neutral atoms, giving it a competitive edge.

Context

The quantum computing sector is attracting increasing investor interest, but most capital flows to established giants. Rigetti's stock has been volatile over the past year, while Infleqtion is not yet publicly traded. Other analysts remain cautious due to commercial uncertainties.

What to Make of It

Newman's recommendation reflects a long-term positive view of the sector, but investors should consider the high risks associated with deep-tech startups.