Core Viewpoint - Rigetti Computing's stock has significantly declined, trading over 60% below its 2025 high and losing all gains made in 2026, raising questions about whether it is a good time to invest in this quantum computing start-up [1][2]. Industry Overview - The quantum computing industry is still in its early stages, with start-ups like Rigetti competing against established tech giants such as Google and IBM to develop commercially viable quantum technologies [2]. - Companies in this sector are focused on optimizing their quantum computers based on three key metrics: speed, accuracy, and scale [4]. Performance Metrics - Speed is defined as the time taken for a quantum system to manipulate a quantum particle at a "quantum gate" [4]. - Accuracy is measured by "two-qubit gate fidelity," indicating the percentage of error-free computations [5]. - Scale refers to the number of physical qubits in a quantum system, with a noted challenge that increasing speed and scale often leads to decreased accuracy [5]. Rigetti's Position - Rigetti's 108-qubit system claims gate speeds of 50-70 nanoseconds, which is considered very fast [7]. - The median accuracy of this system is 99% for two-qubit gate fidelity, which, while seemingly high, is not competitive with rivals like IonQ, which has achieved 99.99% fidelity in a 100-qubit system [8][9]. - Rigetti's smaller systems show better accuracy, with a 36-qubit system achieving 99.6% fidelity and a 9-qubit system reaching 99.7% [9]. Future Projections - Rigetti aims to develop a system with 1,000 qubits by 2027, targeting a two-qubit gate fidelity of 99.7% [13]. - In comparison, IonQ is targeting a 10,000-qubit system by 2027 and a 2 million-qubit system by 2030 [13]. - For quantum computers to be commercially viable, estimates suggest they need at least 1 million physical qubits and a fidelity of 99.99% or higher [12]. Market Potential - The quantum computing market could reach as much as $72 billion by 2030, presenting significant opportunities for companies like Rigetti if they can capture a substantial market share [17].

Core Insights - Rigetti Computing has experienced a significant stock increase of 1,420% over the past 15 months, although it lags behind D-Wave Quantum's 1,910% rise [1] - Investors are optimistic about quantum computing's potential to disrupt various industries, including encryption, genetic analysis, and financial forecasting [2] - Rigetti aims to provide a comprehensive suite of quantum computing solutions, encompassing hardware, system design, management software, and cloud services, which may attract enterprise customers [3] Financial Performance - As of February 4, 2026, Rigetti's stock price is $2.73, with a market capitalization of $4.9 billion [4] - The stock has shown volatility, with a 52-week price range of $6.86 to $58.15, and a gross margin of -6849.48% [4] - The company has a high valuation ratio, trading at 757 times sales, making it appear expensive compared to peers like IonQ and D-Wave [7] Market Sentiment - The stock's trajectory is heavily influenced by market sentiment and technological advancements in the quantum computing sector, leading to unpredictable price movements [5] - Despite a 45% gain in 2025, the company is unprofitable and often issues more stock to sustain operations, raising concerns about its long-term viability [7] - A steep price correction is anticipated within the next one to two years, as commercial success in quantum computing may take over a decade [8]

Group 1 - Rigetti Computing's stock experienced a significant increase of 18.3%, attributed to a broader tech rally rather than company-specific news [1] - The company's market capitalization stands at $4.9 billion, with a current stock price of $17.66 [3][6] - Rigetti's stock performance is part of a recovery trend in the tech sector, following a decline of nearly 4.5% in the Nasdaq Composite over the previous four days [3] Group 2 - The quantum computing industry, including Rigetti, faces challenges regarding the timeline to commercial viability, which may be further away than current valuations suggest [8] - Rigetti's market cap implies that breakthrough success in quantum computing is expected within a few years, but there are indications that this may not be the case [8] Group 3 - Major tech companies are significantly increasing their capital expenditures, with projections for collective spending by hyperscalers to exceed $560 billion by 2026 [4]

Key Takeaways Rigetti secured an $8.4M order from C-DAC to deliver a 108-qubit quantum system to a Bengaluru data center.The deal follows a 2025 MoU, showing Rigetti can convert research deals into revenue-generating system sales.While not financially transformative, RGTI's order supports a go-to-market model in government markets.Rigetti Computing’s (RGTI) $8.4 million purchase orderto deliver a 108-qubit quantum computer from C-DAC marks a meaningful validation of its system-led scaling strategy, shifting ...

Core Viewpoint - Rigetti Computing is attracting investor interest due to its unique position in the quantum computing sector, but its current valuation may be overly optimistic given the long timeline for practical applications of quantum technology [1][3]. Company Overview - Rigetti Computing has a market capitalization of approximately $4.9 billion, with recent sales totaling only $7.5 million over the last 12 months, indicating a significant disconnect between valuation and current financial performance [2]. - The stock price has seen a decline of 12.54%, currently priced at $15.04, with a 52-week range between $6.86 and $58.15 [2]. Industry Insights - A report from MIT suggests that large-scale commercial applications of quantum computing, which would justify high market caps, are likely still "far off," with general-use quantum computing estimated to be two decades away according to Morningstar [3]. - The current optimism surrounding quantum computing may not align with the actual development timeline, leading to potential overvaluation of companies like Rigetti [5]. Investment Considerations - Investors may face challenges as Rigetti will need to secure ongoing funding, which could be dilutive to existing shareholders, raising concerns about the sustainability of its current valuation [5]. - Alternative investment opportunities, such as Alphabet, may present better risk-reward profiles compared to Rigetti's high-risk quantum computing venture [5].

While the AI-driven rally in technology stocks has created immense wealth, there is an underlying concern about valuations. As Microsoft (MSFT) reported Q2 earnings, the stock fell by almost 12% on concerns related to high capital expenditures and Azure’s revenue growth being just above expectations. This triggered a broader selloff in the technology sector, with quantum computing stocks being among the victims. However, for investors focused on long-term fundamentals, the correction seems like a good bu ...

Its fifth-generation system, Tempo, achieved an algorithmic qubit score of 64, boosting computational space by almost 260 million times over its previous commercial system, Forte. IonQ expects Tempo to be available in 2026, with future systems growing to 256 qubits and eventually up to two million physical qubits by 2030. During the quarter, IonQ finalized the acquisition of Oxford Ionics, integrating its Electronic Qubit Control architecture into future systems. This acquisition enables IonQ to leverage cu ...

Key Takeaways IONQ fell 10.9% in January as quantum stocks slid amid tech jitters and risk-off sentiment.IonQ's $1.8B SkyWater deal lifts sentiment, boosting vertical integration and defense exposure.D-Wave's $30M contracts and Advantage2 adoption helped stabilize shares after January losses.In January 2026, the quantum computing sector resumed one of its familiar rhythms — volatility. Pure-play names like IonQ (IONQ) , Rigetti Computing (RGTI) and D-Wave Quantum (QBTS) , which captured investor imagination ...

Rigetti Computing, Inc. (NASDAQ:RGTI) is one of the High-Flying Stocks to Buy Right Now. On January 22, B. Riley analyst Craig Ellis upgraded the company’s stock to “Buy” from “Neutral” with an unchanged price objective of $35. While the firm noted the stock’s valuation for this upgrade, it appreciates Rigetti Computing, Inc. (NASDAQ:RGTI)’s near-term commercial trajectory. Also, after India’s Centre for Development of Advanced Computing (C-DAC) order, the firm now has a much clearer visibility into estima ...

Rigetti Computing (NASDAQ: RGTI), along with quantum computing pure-play peers like IonQ and D-Wave, captured the imagination of investors last year who were looking for the next truly revolutionary technology. And quantum computing could be just that. The technology, which leverages the strange rules of subatomic physics, could help quantum computer users work through incredibly complex problems with mind-bending efficiency, or even solve problems once thought unsolvable. But, while the promise is real, t ...