Right. So, the market’s been…a bit much. All red arrows and talk of recessions. Honestly, it’s enough to make one take up competitive knitting. But then, a tiny glimmer of hope appeared, in the form of Rigetti Computing (RGTI 6.54%). Up 9.4% last week. 9.4%! While everything else seemed to be actively trying to fall off a cliff. The S&P 500 down 0.4%, Nasdaq Composite down 1%. It felt…good. Like maybe, just maybe, my slightly reckless foray into quantum computing wasn’t a total disaster.
It’s all about expectations, isn’t it? And IonQ, that other quantum company, posted some surprisingly good results. Which, naturally, made everyone think Rigetti might actually deliver something decent too. It’s like when your friend goes on a fabulous diet and suddenly you feel compelled to eat salad. Pure irrationality.
IonQ’s Results & My Anxious Thoughts
Apparently, IonQ reported a loss of $0.20 per share on sales of $61.89 million. Which sounds terrifying, frankly. But it was better than expected. Much better. Analysts thought it would be worse. And the market, being the fickle beast it is, decided this was a reason to get excited. They’re guiding for $225-245 million in sales this year, which is…a lot of money. Wall Street was expecting $192.6 million. Honestly, it’s all numbers blurring into a stressful haze. It lifted the whole quantum sector, and Rigetti benefited. Which is good. Because, frankly, I need this to work.
What Now? (And My Increasing Caffeine Intake)
So, Rigetti’s earnings report is due on March 4th. The pressure is on. Immense pressure. It’s like being back in school, except instead of a pop quiz, it’s my entire investment portfolio at stake. I’ve started preemptively apologizing to my cat for potentially having to downgrade his gourmet salmon. I’m bracing for volatility, naturally. Geopolitical stuff is looming, and anything remotely “growth-dependent” is apparently going to get hammered. Which is just brilliant.
Units of Cryptocurrency Lost: 12. Hours Spent Watching Charts: 9. Number of Panicked Texts to Friends: 24. I’m trying to remain optimistic. I keep telling myself that quantum computing is the future. But sometimes, late at night, I wonder if I should have just invested in cat food. At least then I’d have a tangible asset. And a very happy feline.
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2026-03-02 00:33