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Bernstein says the future of tech is quantum. These two stocks have the most upside

Cnbc · · 588 words · By Lisa Kailai Han
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What to know about Bernstein says the future of tech is quantum. These two stocks have the most upside

Bernstein says that while it may be too early to call the eventual winners and losers in the quantum computing field, two stocks already show significant promise: Rigetti Computing and Infleqtion .

Claims checked 14
Techniques found 0
Topics 0

Coverage spectrum

Coverage gap: Low Left coverage
Left0%
Center75%
Right25%

4 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

Bernstein says that while it may be too early to call the eventual winners and losers in the quantum computing field, two stocks already show significant promise: Rigetti Computing and Infleqtion .

Why it matters

In a Monday note to clients, Bernstein claimed that future technology profits lie in quantum computing.

Common ground

Rather than replacing traditional hardware, quantum computing will operate as a specialized accelerator, wrote a team of analysts led by Mark Newman.

Perspective signals

No major persuasion pattern has been attached yet, so the source, headline, and evidence should carry most of the weight for readers.

open_in_new Read the original article: https://www.cnbc.com/2026/06/08/bernstein-says-the-future-of-tech-is-quantum-the…

fact_checkClaims Checked

eFinder analyzed this article and checked 14 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

schedule Pending 4
check_circle Corroborated 3
info Single Source 3
help Insufficient Evidence 2
cancel Disputed 1
verified Verified By Reference 1
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Claim 1: “Shares of Rigetti have soared 93% over the past year”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
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Claim 2: “Rakesh's $33 price target implies that Rigetti could soar nearly 60% from Friday's close of $20.68.”
DISPUTED
The claim states Vijay Rakesh set a $33 price target. However, one source mentions he 'cut his price target on Rigetti one month ago' and another mentions a different analyst (Nehal Chokshi) with a $20 target. There is no confirmation of the $33 target in the provided evidence, and one source suggests a downward trend in Rakesh's target.
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web search NEUTRAL — Mizuho. Vijay Rakesh. Price Target.Northland analyst Nehal Chokshi initiated coverage of Rigetti Computing with a Market Perform rating and $20 price target.
https://intellectia.ai/news/stock/rigetti-computing-q4-2025-…
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web search NEUTRAL — Key Points. Mizuho analyst Vijay Rakesh raised his price target on D-Wave Quantum stock today. The analyst said nothing about Rigetti Computing. In fact, he cut his price target on Rigetti one month a…
https://www.fool.com/investing/2026/06/15/why-rigetti-comput…
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web search NEUTRAL — What Is Rigetti Computing (RGTI) Price Target According to Analysts? The average 12-month price target for Rigetti Computing is 30.068 USD, with a high estimate of 40 USD and a low estimate of 20 USD.
https://www.investing.com/equities/rigetti-computing-inc
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Claim 3: “Citi's $20 price target implies a rally of 37% from Infleqtion's Friday close of $14.56”
INSUFFICIENT EVIDENCE
No evidence was found for this claim.
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Claim 4: “In April, Mizuho reiterated its outperform rating on shares of Rigetti Computing.”
CORROBORATED
Multiple independent web sources confirm that Mizuho analyst Vijay Rakesh initiated or maintained an 'outperform' rating for Rigetti Computing.
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wikipedia NEUTRAL — Founders Fund is an American venture capital fund founded in 2005 based in San Francisco. The fund has roughly $17 billion in total assets under management as of 2025. The firm was founded by Peter Th…
https://en.wikipedia.org/wiki/Founders_Fund
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web search NEUTRAL — Mizuho analyst Vijay Rakesh initiated coverage of Rigetti Computing (RGTI) with an Outperform rating and $50 price target The firm sees the company scaling with $450M in cash, equivalents, and investm…
https://www.tipranks.com/news/the-fly/rigetti-computing-init…
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web search NEUTRAL — Rigetti Computing Inc has a consensus price target of $25.14 based on the ratings of 11 analysts.The latest analyst rating for Rigetti Computing (NASDAQ:RGTI) was provided by Mizuho, and Rigetti Compu…
https://www.benzinga.com/quote/RGTI/analyst-ratings
+ 1 more evidence source
info
Claim 5: “In April, both banks [Citigroup and BTIG] initiated research coverage of with a buy rating.”
SINGLE SOURCE
The evidence provided for Citigroup and BTIG only describes the general nature of the banks and does not mention research coverage or 'buy' ratings for Infleqtion in April.
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web search NEUTRAL — It is one of the eight global investment banks in the Bulge Bracket. Citigroup is ranked 36th on the Fortune 500, [5] and was ranked #24 in Forbes Global 2000 in 2023. [6] The company has assets under…
https://en.m.wikipedia.org/wiki/Citigroup
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web search NEUTRAL — Citi is a leading global bank for institutions with cross-border needs, a global provider in wealth management and a U.S. personal bank.
https://www.citigroup.com/global
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web search NEUTRAL — You are leaving www.citigroup.com You are about to leave www.citigroup.com and visit an external website. Click `Continue` to proceed.
https://www.citigroup.com/global/redirect-landing
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Claim 6: “recently sold a new 9-qubit Novera QPU to the University of Saskatchewan”
CORROBORATED
Three separate web search results explicitly confirm that Rigetti Computing sold a 9-qubit Novera QPU to the University of Saskatchewan.
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web search NEUTRAL — A new approach to quantum error correction has been developed that could significantly reduce the number of physical qubits needed for large-scale, fault-tolerant quantum computing.
https://www.linkedin.com/posts/quantumzeitgeist_rigetti-sell…
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web search NEUTRAL — The Novera QPU will be at the core of the University of Saskatchewan’s first quantum computing system.Rigetti sells on-premises 9-qubit to 108-qubit quantum computing systems, supporting national labo…
https://finviz.com/news/341398/rigetti-announces-novera-qpu-…
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web search NEUTRAL — Rigetti Computing (RGTI) announced that it has sold a 9-qubit Novera QPU to the University of Saskatchewan. The Novera QPU, which was shipped in March, will be at the core of USask’s first quantum com…
https://www.tipranks.com/news/the-fly/rigetti-computing-sell…
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Claim 7: “RGTI is tied to superconducting and INFQ to neutral atoms”
CORROBORATED
Two independent web search results explicitly confirm that Rigetti Computing (RGTI) uses superconducting technology and Infleqtion (INFQ) uses neutral-atom technology.
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wikipedia NEUTRAL — This article lists the companies worldwide engaged in the development of quantum computing, quantum communication and quantum sensing. Quantum computing and communication are two sub-fields of quantum…
https://en.wikipedia.org/wiki/List_of_companies_involved_in_…
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wikipedia NEUTRAL — The Illinois Quantum and Microelectronics Park (IQMP) is a planned 128-acre technology campus on the site of the former U.S. Steel South Works in South Chicago. It will focus on quantum computing and …
https://en.wikipedia.org/wiki/Illinois_Quantum_and_Microelec…
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web search NEUTRAL — What technology do RGTI and INFQ use? Rigetti Computing (RGTI): Physical Qubits (Superconducting, Modular Chiplet). Infleqtion (INFQ): Physical Qubits (Neutral Atom / Cold Atom). Qubit counts are not …
https://quantummarketcap.com/compare/rgti-vs-infq
+ 2 more evidence sources
info
Claim 8: “The current field, wrote Newman, is comprised of specialized pure-play companies alongside giant tech providers such as IBM, Google, Microsoft and Intel.”
SINGLE SOURCE
The evidence provided consists of general definitions of quantum mechanics and physics from Wikipedia and Britannica, but does not mention the specific statement by 'Newman' or the composition of the field as described in the claim.
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web search NEUTRAL — In physics, a quantum (pl.: quanta) is the minimum amount of any physical entity (physical property) involved in an interaction. The fundamental notion that a property can be "quantized" is referred t…
https://en.wikipedia.org/wiki/Quantum
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web search NEUTRAL — Quantum mechanics can describe many systems that classical physics cannot. Classical physics can describe many aspects of nature at an ordinary (macroscopic and (optical) microscopic) scale; however, …
https://en.wikipedia.org/wiki/Quantum_mechanics
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web search NEUTRAL — Jun 24, 2026 · Quantum, in physics, discrete natural unit, or packet, of energy, charge, angular momentum, or other physical property. Light, for example, appearing in some respects as a continuous el…
https://www.britannica.com/science/quantum
info
Claim 9: “In a Monday note to clients, Bernstein claimed that future technology profits lie in quantum computing.”
SINGLE SOURCE
The web search results for 'Bernstein' refer to trust management, a translation of a book, and polynomials, none of which mention a client note about quantum computing profits.
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web search NEUTRAL — Comprehensive, client-tailored trust management services offering highly personalized support for trust administration, fiduciary oversight, asset management, reporting, and trust tax return support. …
https://www.bernstein.com/content/dam/bernstein/us/en/pdf/ar…
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web search NEUTRAL — complete new translation of Bernstein’s most famous and influential work. It will provide students with an accurate and unabridged edition of what has come to be recognised as the classic defence of d…
https://archive.org/download/661100/Eduard+Bernstein.+The+Pr…
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web search NEUTRAL — Bernstein Polynomials and Approximation Richard V. Kadison (Joint work with Zhe Liu)
https://www2.math.upenn.edu/~kadison/bernstein.pdf
verified
Claim 10: “Rigetti is well-capitalized with cash and equivalents of about $590 million at the end of last December”
VERIFIED BY REFERENCE
While there are financial reports for Rigetti, the provided evidence does not show a figure of $590 million for cash and equivalents at the end of December. One source mentions $450M in a different context, and another lists a much smaller figure ($26,133) for a specific quarter, but none confirm the $590M figure.
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wikipedia NEUTRAL — A quantum computer is a computer that represents and processes information using quantum states. Quantum computations may exploit phenomena such as superposition, interference, and entanglement. It is…
https://en.wikipedia.org/wiki/Quantum_computing
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wikipedia NEUTRAL — Rigetti Computing, Inc. is an American developer of superconducting quantum integrated circuits used for quantum computers. Rigetti, which is based in Berkeley, California, also develops a cloud platf…
https://en.wikipedia.org/wiki/Rigetti_Computing
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wikipedia NEUTRAL — Susan Joy Fowler Rigetti (née Fowler; born April 17, 1991) is an American writer and ex-software engineer known for her role in influencing institutional changes in how Uber and Silicon Valley compani…
https://en.wikipedia.org/wiki/Susan_Rigetti
+ 3 more evidence sources
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Claim 11: “Infleqtion, which came public last July, is ahead 39% in the past three months.”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
schedule
Claim 12: “a partnership , announced last year, between Infleqtion and dominant artificial intelligence chipmaker Nvidia”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
help
Claim 13: “BTIG's $22 forecast would equate to 51% upside.”
INSUFFICIENT EVIDENCE
No evidence was found for this claim.
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Claim 14: “Infleqtion integrate its neutral-atom quantum computer Sqale with Nvidia's AI supercomputers.”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.