Rigetti Computing, Inc. Common Stock (RGTI)
Rigetti Computing, Inc. is a quantum computing company focused on developing and delivering quantum hardware and software solutions. Founded in 2013, it aims to build scalable quantum processors and cloud-based quantum computing platforms to advance research and practical applications across various industries.
Company News
Unprofitable tech, clean energy, and innovative companies are experiencing significant stock price surges, with investors showing enthusiasm for growth potential over immediate profitability, despite potential market risks.
D-Wave Quantum's stock has quadrupled this year but faces challenges in sustaining its rally, with recent deals and analyst ratings suggesting investor skepticism about its long-term market potential.
Rigetti Computing is an early quantum computing company with promising technology but significant financial challenges, including minimal revenue, high valuation, and mounting losses.
Rigetti secured purchase orders for two 9-qubit Novera quantum computing systems worth $5.7 million, with one system going to an Asian technology manufacturing company and another to a California-based applied physics and AI startup. Deliveries are expected in the first half of 2026.
Rigetti Computing (RGTI) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
