Business
Rigetti Computing RGTI Stock Surges on $100M US Government Quantum Deal Amid 2026 Growth Push
NEW YORK — Rigetti Computing Inc. shares jumped more than 30% on May 21, 2026, following the announcement of a letter of intent with the U.S. Department of Commerce for up to $100 million in funding to advance superconducting quantum computing research.
The Berkeley, California-based company, listed on Nasdaq under the ticker RGTI, develops full-stack hybrid quantum-classical computing systems. As of mid-morning trading on May 22, 2026, shares traded around $22, within a 52-week range of approximately $10.30 to $58.15.
Rigetti signed the letter of intent with the Department of Commerce under the CHIPS Act for funding over three years. The agreement includes the department receiving an equity stake in Rigetti matching the funding amount. The funds target research and development projects addressing scaling and technical challenges in superconducting quantum computers.
“We are honored that the U.S. government is seeking to partner with Rigetti to accelerate the pace of quantum computing commercialization and to bolster U.S. leadership in this revolutionary field,” Rigetti CEO Subodh Kulkarni said in the May 21 announcement. “This investment will allow us to tackle key scaling bottlenecks more rapidly and get us closer to utility-scale quantum computing.”
Q1 2026 Financial Results
Rigetti reported first-quarter 2026 revenue of $4.4 million, compared to $1.5 million in the first quarter of 2025, representing a 193% year-over-year increase. The revenue beat analyst expectations around $4.1 million and was driven primarily by on-premises Novera quantum processing unit deliveries and government and research contracts.
Gross margin for the quarter stood at 31%, compared to approximately 30% in the prior-year period. Operating loss totaled $26.0 million, versus $21.6 million in Q1 2025. Operating expenses rose to $27.3 million from $22.1 million, reflecting continued investment in research and development, engineering, fabrication and system integration.
On a GAAP basis, the company recorded net income of $33.1 million, or a diluted loss per share of $0.06, primarily due to a $53.7 million non-cash gain from the fair value adjustment of derivative warrant liabilities. On a non-GAAP basis, excluding stock-based compensation and fair value adjustments, Rigetti reported a net loss of $14.7 million, or $0.04 per diluted share.
The company ended the quarter with a strong cash position supporting its roadmap. Rigetti has highlighted progress on its 108-qubit system, with general availability noted in recent updates.
Analyst Outlook and Valuation
As of May 2026, analysts maintain a Moderate Buy consensus rating on RGTI. The average 12-month price target stands around $29 to $31, with individual targets ranging from a low of $15 to a high of $40.
For full-year 2026, analysts estimate revenue of approximately $21.3 million to $23.6 million, representing a significant increase from 2025 levels. Revenue estimates for 2027 reach around $44 million.
Technology Roadmap and Milestones
Rigetti has outlined a roadmap targeting quantum advantage in the coming years. The company achieved record quarterly revenue in Q1 2026 tied to system deliveries, including Novera QPUs. It continues development of higher-qubit systems, with plans for scalable superconducting architectures.
In January 2026, Rigetti secured an $8.4 million order from India’s Centre for Development of Advanced Computing for a 108-qubit quantum system. Earlier, in September 2025, the company announced purchase orders totaling about $5.7 million for two Novera systems, with deliveries expected in the first half of 2026.
Rigetti has pursued international expansion, including plans to invest up to $100 million in the United Kingdom for a UK-based quantum system with over 1,000 qubits in the next three to four years.
Partnerships and Industry Context
The company maintains collaborations with ecosystem partners, including work on error mitigation and correction. Strategic agreements, such as the one with Quanta Computer announced in early 2025, involve mutual investments exceeding $100 million each over five years to accelerate development and commercialization.
Rigetti operates in a competitive quantum computing sector alongside companies like IonQ and D-Wave. Broader government interest in quantum technologies, including reports of a $2 billion initiative involving equity stakes, has driven recent sector-wide stock movements.
Stock Performance
RGTI shares have shown significant volatility. The stock posted strong year-to-date and one-year gains through May 2026, though it has traded well below its 52-week high. Market reactions to quarterly results have varied, with shares declining after the Q1 2026 report before rebounding on the government funding news.
Rigetti’s business remains in a growth phase with ongoing net losses on an operating basis. Revenue has been described as lumpy due to the timing of system deliveries and contracts. The company continues to invest heavily in research and development to advance its hardware and error-correction capabilities.
Risks and Forward Outlook
Company filings and reports note execution risks related to technical challenges in scaling quantum systems, competition, and dependency on government and research contracts for near-term revenue. Profitability on a non-GAAP basis remains a focus as operations scale.
Rigetti is scheduled to participate in industry events, including a fireside chat at the Canaccord Genuity Virtual Quantum Symposium in May 2026. Further details on its three-year roadmap and system deployments are expected in upcoming updates.
As of May 2026, Rigetti’s market capitalization stood around $5 billion following recent trading activity. The company has emphasized its position in hybrid quantum-classical computing as demand for advanced computing capabilities grows across research, government and potential commercial applications.
This report is based on company announcements, financial filings and analyst data available through May 22, 2026. Quantum computing remains an emerging field with long development timelines, and actual results may differ from projections.
Business
Apex Legends Down? Apex Legends Hit by Partial Outage on May 22 2026 Affecting Hundreds of Players

LOS ANGELES — Apex Legends experienced connectivity and login issues for hundreds of players on Friday, May 22, 2026, according to user reports and outage tracking sites.
The account @status_is_down posted on X: “Apex Legends is reportedly down for some gamers currently. Are you one of them?” The post linked to a community discussion thread on designtaxi.com.
Downdetector recorded elevated reports throughout the day, with game launch, server connection and matchmaking issues as the top categories. Reports were moderate compared to major historical outages but impacted players across multiple regions.
EA and Respawn Entertainment had not issued an official statement on the incident as of late afternoon May 22. The companies typically communicate via official social channels and service status pages during disruptions.
Players reported difficulties logging into the game, joining matches or maintaining stable connections. Issues appeared intermittent rather than a full global shutdown, with some users regaining access after waiting periods.
This follows previous technical hiccups for the popular battle royale title, which maintains millions of daily active players across PC, PlayStation and Xbox platforms. Apex Legends Season 23 was active during the reported outage.
Community reactions on X included frustration from players planning gaming sessions. Some users noted similar issues the previous day around the same time.
Others reported eventual success after waiting. Comments indicated that connectivity improved for many throughout the afternoon.
Apex Legends, developed by Respawn Entertainment and published by Electronic Arts, launched in 2019. It has sustained a large player base through regular seasonal updates, new legends, maps and battle pass content.
No specific cause for the May 22 issues was confirmed by EA or Respawn. Common triggers for such outages include server maintenance, technical glitches, high concurrent player loads or third-party network problems.
The game’s competitive scene, including ALGS events, was not immediately impacted. Official tournament servers often operate on separate infrastructure.
Players experiencing issues were advised to try standard troubleshooting: restarting the client, checking internet connections, verifying game files or waiting for resolution.
Apex Legends maintains dedicated service status pages through EA and Respawn. No widespread outage was officially listed, suggesting the problems were regional or resolving gradually.
The incident highlights the reliance of live-service games on stable server infrastructure. With millions of concurrent players during peak hours, even brief disruptions affect thousands worldwide.
EA and Respawn have a history of transparent communication during major outages, often providing estimated resolution times and compensation when appropriate. No such offers had been announced for this event.
Fan discussions continued on Reddit, X and official forums. Users shared error messages and login queues. The hashtag #ApexLegendsDown trended briefly.
As of late afternoon May 22, many players reported that connectivity had improved or fully returned. The situation remained fluid for some users.
Apex Legends continues to receive regular content updates, including new seasons, legends, weapons and limited-time modes. Season 23 was ongoing at the time of the disruption.
The game’s large player community often shares workarounds during outages. Developers encourage reporting technical problems through official support channels.
This partial outage was relatively minor and short-lived. Services appeared to stabilize throughout the afternoon without extended maintenance.
The event underscores ongoing challenges in maintaining global server stability for popular online games. Apex Legends has faced occasional similar issues in the past but generally maintains high uptime.
Players are advised to monitor official status pages for real-time updates. Respawn typically resolves minor connectivity problems quickly through client restarts or backend adjustments.
The May 22 reports represent another instance of intermittent service disruption for the title. The game remains one of the most played battle royale experiences worldwide.
Business
Deepa Jewellers, Cotec Healthcare receive Sebi approval for IPOs
Hyderabad-based Deepa Jewellers plans to raise funds through a combination of fresh issue and offer-for-sale.
The IPO consists of a fresh issue of shares worth up to Rs 250 crore and an offer for sale of up to 1.18 crore shares by promoters Ashish Agarwal and Seema Agarwal.
The company had filed its draft papers with Sebi in December 2025.
Incorporated in 2016, Deepa Jewellers operates as a business-to-business processor and supplier of hallmarked gold jewellery with a strong presence in southern India including Telangana, Karnataka, Andhra Pradesh, Tamil Nadu and Kerala.
The company primarily focuses on processing 22-karat gold jewellery and operates through an outsourced manufacturing model supported by around 40 karigars.
Its product portfolio includes traditional South Indian jewellery categories such as vaddanam, CNC machine-cut bangles, gents kada, vanki, kangan, earrings, mangtika, maatil, braid ornaments and rings.Apart from jewellery processing, the company also undertakes job-work assignments where customers supply raw material and the company delivers finished ornaments.
Deepa Jewellers is also engaged in trading silver ornaments, gold bullion, precious stones and 18-20 karat jewellery products.
According to the company, it had a customer base of 315 clients across 13 states and one union territory as of November 2025, including jewellery retail chains and standalone jewellery stores.
The company’s business model is focused largely on wholesale distribution and processing rather than direct retail operations.
Separately, Cotec Healthcare also received Sebi approval for its IPO.
Cotec Healthcare operates as a contract development and manufacturing organisation, or CDMO, serving pharmaceutical companies across multiple therapeutic segments.
The company manufactures formulations across 24 dosage categories including injectables, tablets, capsules, ointments, syrups and infusions.
Its product portfolio spans therapeutic areas such as anaesthetics, antibiotics, cardiovascular drugs, dermatology, endocrinology, nutrition, supplements and women’s healthcare.
Cotec Healthcare operates a manufacturing facility in Roorkee spread across 21,871 square metres with installed manufacturing capacity of over 4 billion units.
The company serves domestic pharmaceutical companies and also exports products to 14 countries.
According to the company’s disclosures, it served 154 customers in FY25 compared with 177 in FY24 and 122 in FY23.
Business
KKR’s SWOT analysis: investment firm stock faces mixed signals

KKR’s SWOT analysis: investment firm stock faces mixed signals
Business
Zoom Stock Jumps 12.86% to $109.20 After Strong Q1 Earnings and AI Growth
NEW YORK — Zoom Communications Inc. (NASDAQ: ZM) shares surged 12.86% to $109.20 in morning trading on Friday, May 22, 2026, after the company reported first-quarter fiscal 2027 results that beat expectations and raised its full-year guidance on strong enterprise demand and AI adoption.
Zoom reported revenue of $1.239 billion for the quarter ended April 30, 2026, up 5.5% from the prior year and above analyst estimates of $1.223 billion. Adjusted earnings per share reached $1.55, exceeding forecasts.
Enterprise revenue grew 7.2% to $755.7 million, while online revenue increased 2.8% to $483.3 million. Customers contributing more than $100,000 in trailing 12-month revenue rose 8% year-over-year and now account for 33% of total revenue.
CEO Eric S. Yuan highlighted AI momentum. Paid users of AI Companion features increased 184% year-over-year. The company noted customers are increasingly adopting Zoom as an AI-first platform.
Zoom raised its full-year fiscal 2027 revenue guidance to $5.08 billion to $5.09 billion. It also authorized an additional $1 billion for share repurchases, bringing the total program to $2 billion.
The results marked five straight quarters of accelerating growth. Non-GAAP operating margin reached 41.1%, reflecting improved efficiency. GAAP net income was $425.7 million, or $1.42 per diluted share.
Trading volume was significantly elevated on May 22 as the earnings reaction drew strong investor interest. The stock had been trading in a more moderate range prior to the report.
Analysts responded positively. Jefferies raised its price target, citing AI momentum. Multiple firms maintained buy ratings, highlighting Zoom’s transition toward higher-margin AI and enterprise solutions.
Zoom has focused on AI integration across its platform, including features like Companion for meeting summaries, smart recording and productivity tools. The company continues to expand its enterprise customer base while stabilizing its online business.
The video conferencing leader has evolved since its pandemic-era peak. It now emphasizes hybrid work solutions, AI enhancements and long-term enterprise contracts. Zoom reported strong cash flow and maintains a solid balance sheet.
No new corporate announcements were released on May 22 beyond the earnings momentum. The company’s next update is expected with second-quarter results in late August.
Market capitalization exceeded $30 billion in recent sessions. The stock has shown resilience in 2026 amid broader technology sector movements and growing AI interest.
Zoom serves millions of users worldwide through its core video platform and expanding suite of collaboration tools. The company has invested heavily in security, compliance and AI capabilities to meet enterprise demands.
Investors will monitor execution on the raised guidance and continued AI monetization. Zoom’s performance reflects broader market enthusiasm for technology companies demonstrating consistent growth and innovation.
The earnings beat and guidance increase contributed to the strong market reaction. Shares had faced pressure in prior periods amid concerns about post-pandemic demand normalization.
Zoom continues to face competition in the collaboration space but has differentiated through AI features and enterprise focus. The company reported positive trends in customer retention and expansion.
No specific second-quarter guidance details were provided beyond the full-year outlook. Management expressed confidence in sustained momentum across segments.
The stock’s movement on May 22 underscores investor confidence in Zoom’s strategic shift toward AI and higher-value enterprise revenue. Market participants will watch for further progress in coming quarters.
Business
MattsonIQ delivers industry insights through AI

New tool can be applied to ingredients, cuisines and nutrition.
Business
Egg prices fall due to oversupply after bird flu shortages
Customers shop for eggs at an H-E-B grocery store on May 11, 2026 in Austin, Texas.
Brandon Bell | Getty Images
Egg prices are finally cooling in a welcome shift for consumers.
But now a new challenge is sending producers scrambling: they have too many eggs at a time when their input costs are rising.
As the market swings from last year’s avian flu-driven shortage to a growing oversupply, producers say lower grocery store prices are masking the squeeze from cost inflation.
“A year ago, all anybody could talk about was how expensive eggs were because a lot of birds were unfortunately lost,” said Thomas Flocco, CEO of egg producer Pete & Gerry’s.
“We now have an oversupply situation, which is why you’re seeing in some cases a dozen eggs below a dollar,” Flocco said.
Egg prices fell 44.7% year-over-year in March 2026, according to Bureau of Labor Statistics data, marking a sharp reversal from last year’s spike during the bird flu outbreak. The downturn follows a period of flock rebuilding, which industry officials say left producers wary of renewed shortages.
The price collapse is creating new pressure on margins at a time when producers can least afford it. Costs for inputs like feed, which spiked in 2022 and 2023, have been elevated for years, and now fuel prices have also spiked due to the war in Iran.
“All of those cost pressures are finding their way into our cost structure,” Flocco said. “About half of the cost of a dozen premium eggs is feed. Diesel is an immediate impact. We have to drive to get those eggs.”
American Egg Board President and CEO Emily Metz echoed those concerns, nothing that feed, fuel and labor costs “did not disappear” and continue to weigh on producers even as consumer demand returns and wholesale prices weaken.
The protein bump
The good news for producers is that demand is strong, according to Flocco, as shoppers increasingly prioritize protein in their diets.
More than four in 10 Americans say they are more focused on protein than they were five years ago, according to a new survey commissioned by Pete & Gerry’s. It also found two-thirds of Americans said they eat eggs weekly specifically for their protein, and many view whole foods like eggs as more nutritious than processed alternatives.
Shoppers seeking eggs at the grocery store lately have found them plentiful and at good prices. But for producers, even that strong demand has not been enough to negate oversupply.
“What we’re seeing in the market today is much more about supply recovery and timing shifts than any fundamental change in consumption,” said Sherman Miller, CEO of Cal-Maine Foods, the largest egg distributor in the U.S., in April.
Metz also said the current price weakness is not demand related.
“[Prices] reflect supply growing faster than demand can absorb, driven by flock recovery following [avian influenza], small farm growth and improved productivity,” said Metz.
That has not stopped President Donald Trump from taking credit for the drop in egg prices as he tries to promote affordability ahead of the midterm elections this fall.
“We got the prices down, way down,” Trump said Thursday. “Lower than it was four years before.”
Business
Tokio Marine Holdings, Inc. (TKOMY) Q4 2026 Earnings Call Prepared Remarks Transcript
Yoshinari Endo
Managing Executive Officer
Good evening, and good afternoon to everyone. My name is Endo. Thank you very much for taking the time to join us today despite your busy schedule. As of this April, I took over the CFO role from my predecessor, Mr. Okada. As the new CFO, I intend to continue contributing to the enhancement of corporate value while placing great importance on dialogue with capital market participants. So I look forward to our continued relationship.
I would like to get right into the details, but before that, I will briefly explain how we are disclosing the financial results for this period.
As explained at the IFRS briefing held last September, Tokio Marine Holdings have transitioned its accounting standards to IFRS at the end of fiscal year ’25, and we have revised the definitions of KPIs such as adjusted net income accordingly. Since this financial reporting timing is a transitional period, we will explain results for fiscal ’25 using JGAAP-based accounting and figures according to old definitions to announce the fiscal ’26 forecast, we will be using IFRS-based accounting and newly defined figures.
Additionally, we have revised our presentation material format. We have referenced materials from European peers who have already adopted IFRS, materials, which I believe you are all familiar with, with the aim of presenting our performance in a more simple and easy-to-understand manner. Detailed data is available in the Group Supplemental Data in Excel format available on our website, and we hope that you will find it useful.
Apologies for the lengthy introduction. Please turn to Page 1 of the material. Here, we are presenting our core KPIs, EPS and ROE. To allow you
Business
FrieslandCampina Ingredients opens application center in New Jersey

Company’s application center built to support demand for high-protein, prebiotic products.
Business
Variable Aperture Camera, Larger Battery and New Colors Expected in September
CUPERTINO, Calif. — Apple is preparing the iPhone 18 Pro and iPhone 18 Pro Max for a September 2026 launch alongside its first foldable iPhone, according to multiple supply chain and analyst reports. The flagship Pro Max model is expected to feature incremental design refinements, a more advanced camera system and improved performance while retaining the core 6.9-inch display size from its predecessor.
The devices will mark Apple’s continued focus on premium hardware amid a shifting release schedule. Bloomberg has reported that the Pro models and foldable will arrive in fall 2026, with standard iPhone 18 variants potentially delayed to spring 2027.
Design rumors indicate the iPhone 18 Pro Max will closely resemble the iPhone 17 Pro Max, with a triple-lens rear camera system on a raised plateau. Dummy units leaked in April 2026 showed a slightly thicker camera bump to accommodate potential new components, with the overall device expected to be marginally thicker and heavier than the current Pro Max to support a larger battery.
The front display is rumored to feature a reduced Dynamic Island cutout. Reports suggest the notch housing Face ID sensors and the front camera could shrink by around 25%, measuring approximately 14.98 mm wide compared to previous generations. Some early speculation about fully under-display Face ID has been tempered by later reports indicating the feature may be delayed.
Color options are a point of interest. Sources point to a new “Dark Cherry” finish as the signature hue for the Pro lineup, described as a deep wine-like red. Other expected colors include Light Blue, Dark Gray and Silver. Apple is reportedly forgoing a black option for a second consecutive year. Bloomberg’s Mark Gurman has reported testing of a deep red variant.
Camera Upgrades Center on Variable Aperture
The most significant camera rumor involves a variable aperture mechanism for the main 48-megapixel Fusion lens on at least one Pro model, likely the Pro Max. This feature, similar to DSLR lenses, would allow dynamic adjustment of light intake and depth of field. Korea’s ETNews reported in April 2026 that supply chain production for the variable aperture system had begun. Analyst Ming-Chi Kuo previously indicated the upgrade would arrive on iPhone 18 Pro models.
The rear camera system is expected to maintain 48-megapixel resolution across main, ultrawide and telephoto lenses, with the periscope telephoto offering around 4x optical zoom. The thicker camera array in dummy units, with lenses protruding further and increasing in diameter, supports the variable aperture implementation.
Additional camera enhancements under consideration include improved telephoto performance, though specifics remain limited in current reporting.
Performance: A20 Pro Chip and Efficiency Gains
Powering the iPhone 18 Pro Max will be Apple’s A20 Pro chip, manufactured on a 2-nanometer process node by TSMC. This represents an advancement over the A19 Pro in the current generation, promising better speed, efficiency and AI capabilities. Reports suggest all iPhone 18 models, including Pro variants, could feature 12GB of RAM.
Apple is also expected to introduce its in-house C2 modem, succeeding previous iterations and potentially improving connectivity, including satellite features, while helping control costs.
Display technology may see refinements with LTPO+ panels for enhanced power efficiency and battery life. The 6.9-inch Super Retina XDR display on the Pro Max is expected to retain 120Hz ProMotion refresh rates.
Battery Life Improvements Anticipated
One of the more concrete upgrades involves battery capacity. The iPhone 18 Pro Max is rumored to pack a cell in the 5,100-5,200 mAh range, up from approximately 5,088 mAh in the iPhone 17 Pro Max. Leaker Digital Chat Station and other sources have pointed to the increase, tied to the slightly thicker chassis. This would support longer usage times despite more demanding processing and camera features.
The added thickness and weight — potentially approaching 243 grams — represent a trade-off for capacity, according to reports analyzing dummy units.
Pricing Strategy Expected to Hold Steady
Analysts Jeff Pu of GF Securities and Ming-Chi Kuo have indicated Apple plans an “aggressive pricing strategy,” likely holding starting prices at $1,099 for the iPhone 18 Pro and $1,199 for the Pro Max with 256GB storage. This approach would absorb costs associated with higher RAM and new components to maintain competitiveness.
Storage tiers are expected to mirror current models, ranging from 256GB to 1TB or higher options.
Context Within Apple’s 2026 Lineup
The iPhone 18 Pro Max arrives as part of a broader strategy that includes Apple’s first foldable iPhone, often referred to as iPhone Ultra or iPhone Fold. This device is expected to feature a clamshell design with a roughly 5.5-inch outer display and 7.8-inch inner panel, targeting a premium price above $2,000. Production challenges with the hinge have been noted, but reports suggest a September announcement remains on track, with possible shipping delays into late 2026.
The split launch schedule reflects Apple’s efforts to manage supply chains and differentiate product tiers.
Current rumors are based on supply chain leaks, dummy unit photos, analyst notes and media reports as of May 2026. Apple has not commented on unreleased products, and final specifications could change before the official unveiling, typically held in early to mid-September.
Industry observers anticipate the Pro models will emphasize camera flexibility, processing power and battery endurance as key differentiators in a mature smartphone market. The variable aperture system, if implemented, would represent a notable first for iPhone photography, offering users more creative control akin to dedicated cameras.
As development continues, further details on software integration with iOS 27, Apple Intelligence enhancements and exact material finishes are expected to emerge in the coming months. Supply chain activity is already ramping up, signaling Apple’s commitment to these features for the 2026 flagship.
Business
Why is Navitas Semiconductor stock surging today?

Why is Navitas Semiconductor stock surging today?
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