Ken Griffin Invests $4.7 Million in Quantum Tech Companies
- Citadel’s Ken Griffin acquired approximately $4.7 million in shares of Rigetti Computing and D-Wave Quantum.
- Griffin purchased around 51,700 shares of Rigetti for about $1.6 million at $29.79 per share.
- He also acquired roughly 122,600 shares of D-Wave, valued at approximately $3.10 million at a price of $24.71 per share.
- Rigetti’s stock has surged by over 3,750% since January, while D-Wave has increased by about 1,770% since January.
Griffin’s investments reflect a growing interest in emerging tech, particularly in quantum computing sectors targeting scalable solutions and optimization problems. Analysts remain optimistic about both companies, projecting significant upside potential over the next year despite challenges to commercial viability.
The substantial investments highlight Griffin’s commitment to future technologies, with projected growth rates of up to 48% for D-Wave and similar figures for Rigetti within the next year. (Source)
