Shares of Rigetti Computing (RGTI -7.56%) plummeted 48.1% in Q1 2025, following a significant drop in January and slower declines in the subsequent months, despite a 925% increase in the last six months. The hype surrounding quantum computing, fueled by the release of the Willow chip by Alphabet’s Google Quantum Computing AI team, led to inflated expectations that were later tempered by Nvidia CEO Jensen Huang’s cautionary remarks at a tech conference in January, revealing the long road ahead for practical quantum computing applications. Rigetti, facing financial challenges with high R&D costs and low revenue, may continue to struggle in Q2 and beyond, prompting a speculative outlook on the company’s future in the quantum computing landscape.
Full Article
President Trump Promised to End Social Security Benefit Taxes. Here's What Seniors Are Getting Instead
The White House announced a new senior tax deduction from the One Big, Beautiful Bill (OBBB) for the 2025 tax year, claiming it will exempt 88% of seniors on Social Security from owing taxes on their benefits, fulfilling a key promise from President Trump. However, experts caution that while the deduction may assist some seniors, it does not eliminate taxes on benefits entirely, warranting a deeper understanding of its implications. Want More Context? 🔎
Read more