Squawk on the Street SOTS 2nd Hour: Goldman’s Chief U.S. Economist, Potential Powell Picks, & The Quantum Computing Breakdown 8/13/25
Aug 13, 2025
Subodh Kulkarni, CEO of Rigetti Computing, shares insights on the future of quantum computing, highlighting a groundbreaking chiplet-based system with 36 qubits that could transform classical computing. The discussion also touches on the interplay between quantum technology and financial markets, emphasizing its potential impact on cryptocurrency and blockchain. Kulkarni's thoughts illuminate the rapidly evolving tech landscape while reflecting on Rigetti's remarkable 1,700% stock surge over the past year.
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Wait Out Lockup Volatility
- Expect short-term volatility around IPO lock-up expirations and stretched valuations after rapid run-ups.
- Consider waiting for post-lockup stabilization before buying into high-growth AI-infrastructure names.
Amazon Expands Same-Day Grocery Reach
- Amazon expanding same-day grocery delivery to thousands of cities escalates competition with Walmart and Instacart.
- Faster perishable delivery broadens Amazon's grocery footprint and pressure on traditional grocers.
Chrome Bid Highlights Antitrust Gambits
- Perplexity's bid for Chrome illustrates firms trying to exploit Google's regulatory vulnerability rather than an obviously practical acquisition.
- Divestiture of Chrome seems an unlikely or imperfect remedy amid rapid AI-driven market change.