D-Wave Quantum and Rigetti Computing are drawing investor attention as two leading plays in quantum computing, yet both companies share a troubling trait: cash burn at alarming rates. D-Wave leans on commercial traction and a recent acquisition, while Rigetti boasts government ties and in-house chip design.
Rigetti Computing has become one of quantum computing's biggest market darlings, but Motley Fool warns of a sharp selloff in the second half of 2026. The analysis points to a lofty valuation, shrinking revenue, and continued share dilution as key catalysts for a painful pullback.
D-Wave's strategy contrasts sharply with Rigetti's approach. D-Wave's commercial focus and acquisition aim to build revenue streams, whereas Rigetti relies on government contracts and proprietary hardware. Neither path has yet led to profitability, leaving both stocks exposed to market sentiment shifts.
The divergence highlights a fundamental choice for investors: D-Wave's market-oriented bet versus Rigetti's technology-driven gamble. With both burning cash, the stock performance will hinge on whether commercial sales or government funding can sustain operations before capital runs dry.
Countering the bearish view, some analysts argue that quantum computing is a long-term play and current valuations reflect future potential rather than near-term fundamentals. However, without concrete revenue growth or a clear path to profitability, skepticism remains warranted.