TD Cowen analyst Krish Sankar released a note comparing two quantum computing players, Rigetti Computing and D-Wave Quantum. While the sector is projected to grow significantly, hardware costs and complexity remain major hurdles. **Rigetti Computing (RGTI)** Rigetti reported $1.9 million in revenue for the recent quarter, missing estimates and down 19% year-over-year. Operating loss was $20.5 million. Despite securing an $8.4 million order from India, the analyst rates it a Hold. He points to cash burn risks and heavy competition from larger tech companies. **D-Wave Quantum (QBTS)** D-Wave revenue hit $3.7 million, a 100% year-over-year increase that beat expectations. They also posted a net loss but recently secured a $20 million deal with Florida Atlantic University. The analyst rates this a Buy, noting that their dual approach with annealing and gate-model systems covers more potential use cases. The analyst prefers D-Wave right now based on their revenue growth and technology roadmap.