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Showing posts from October, 2024

Rigetti Computing (RGTI) - Investment Thesis

Rigetti Computing   founded in 2013 and publicly listed in 2022, specializes in developing quantum processing units (QPUs) based on superconducting qubit technology. Their QPUs utilize Josephson Junctions (JJs), which consist of two thin layers of superconducting aluminum separated by an insulating barrier of aluminum oxide. This structure allows electrons to tunnel through the insulator, resulting in a specific qubit frequency that facilitates control and measurement. Despite challenges in reproducibility and energy loss, the simplicity, scalability, and manufacturability of superconducting qubits make them a leading choice for quantum computing. To enhance qubit performance, Rigetti employs Alternating-Bias Assisted Annealing (ABAA), a fabrication technique that improves qubit frequency precision and the execution of two-qubit gates. This method is integral to the production of their QPUs, including the Novera™ QPU and the forthcoming Ankaa™-3 system. In December 2023, Rigetti la...

IonQ Inc (IONQ) - Investment Thesis

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IonQ Inc. (IONQ): A Deep Dive into a Quantum Computing Pioneer                                                                   IonQ says its 100,000-square-foot Bothell factory is the first dedicated quantum                                          computer manufacturing facility in the U.S.   The world of computing is on the cusp of a revolutionary shift, and at the forefront of this transformation stands IonQ, Inc. (NYSE: IONQ). This Maryland-based company, founded in 2015 and publicly listed in October 2021, is a leading developer of general-purpose trapped ion quantum computers. IonQ is not just building hardware; it's making quantum computing accessible, offering access to its cutting-edge machines through maj...

Investment Thesis for ASML (ASML Holding N.V.)

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On 15 Oct 2024 ASML posted their earnings report a day earlier due to a human mistake. This is not the first time the company is doing such mistakes. Conclusion is enevitable: the company is managed by a bunch of incompetant pricks.  Company Overview: ASML Holding N.V. (ASML) is a Dutch global monopoly leader in the semiconductor equipment industry, specifically in lithography systems, which are critical for manufacturing advanced microchips. Its flagship product, Extreme Ultraviolet (EUV) lithography machines , is essential for producing high-performance chips used in everything from smartphones to data centers and AI applications. Key Investment Highlights: Market Leadership and Competitive Moat: ASML has an unrivaled position in the semiconductor lithography market, especially in EUV systems, with no competitors currently able to offer comparable technology. The company’s EUV technology is crucial for advanced semiconductor nodes (e.g., 5nm, 3nm), and now with the introdu...