News about Rigetti

On the All-In podcast, Martin Shkreli argued that quantum computers will never beat NVIDIA GPUs at AI, noting that GPUs spend 99.9% of their time multiplying lists of numbers while quantum machines lack real memory and offer speedups only for narrow problems. He expects AI workloads to stay on GPUs, so IonQ, Rigetti and D-Wave must earn their valuations in smaller markets such as security and research. The article notes Rigetti burned $77.2 million in free cash flow in fiscal 2025 on roughly $13 million of revenue, while IonQ agreed to buy cybersecurity firm Elisity in an all-stock deal worth up to $1.3 billion. IonQ trades at 19.5x forward sales, its lowest in three years, though that price still assumes a much larger market than it has today.