The objective of DARPA’s QBI program is to verify and validate that quantum computing can achieve utility-scale operation by 2033.BERKELEY, Calif., April 03, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, announced today that it was selected to participate in the Defense Advanced Research Projects Agency (DARPA) Quantum Benchmarking Initiative (QBI). The primary goal of QBI is to determine if any approach to ...

MIAMI, April 01, 2025 (GLOBE NEWSWIRE) -- Defiance ETFs introduces RGTX, the Defiance Daily Target 2X Long RGTI ETF, a 2X leveraged single-stock ETF designed to provide amplified exposure to Rigetti Computing, Inc. (NASDAQ:RGTI). This ETF offers traders a way to seek enhanced returns on Rigetti Computing, Inc. without requiring a margin account. RGTX seeks daily investment results that correspond to twice (200%) the daily percentage change of Rigetti Computing, a pioneer in quantum computing that has advanc ...

Rigetti Computing, Inc. (RGTI) closed the last trading session at $9.82, gaining 8.8% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $14.80 indicates a 50.7% upside potential.The average comprises five short-term price targets ranging from a low of $12 to a high of $17, with a standard deviation of $1.92. While the lowest estimate indicates an increase of 22.2% from the current pr ...

It's usually a bad idea to invest in booming, hype-based stocks because they will probably fall back down to earth unless their rally is based on sustainable fundamentals. With shares down by 41% since the start of 2025, Rigetti Computing (RGTI 0.36%) is an excellent example of this phenomenon. Let's dig deeper to decide what the next 12 months might have in store for this speculative company. What is Rigetti Computing?Founded in 2013, Rigetti Computing is a California-based start-up that aims to pioneer qu ...

Group 1: Industry Overview - Quantum computing is seen as a transformative technology that could address significant global challenges and create new markets [1] - Google has developed a quantum computing chip that can perform calculations in five minutes that would take current top computers 10 septillion years [2] - The quantum computing market is projected to be worth between $1 billion and $2 billion after 2030, indicating a long wait for substantial market opportunities [8] Group 2: Company Analysis - Rigetti Computing is competing in the quantum computing space but faces challenges in achieving practical applications of its technology [6][7] - The company has a market capitalization of $2.6 billion, but its stock may be overvalued given the projected market size and potential revenue [9][10] - Rigetti's share count has doubled since going public, leading to concerns about share dilution and the need for significantly higher revenue to maintain valuation [10][11] Group 3: Investment Considerations - The consensus among industry leaders is that practical quantum computers are still 5 to 30 years away, suggesting that investors may need to be patient [7][8] - Rigetti's potential revenue by 2030, if it captures a tenth of the projected market, would result in a high price-to-sales ratio of 13, raising questions about profitability [10] - The likelihood of larger cloud companies like Amazon, Microsoft, and Google dominating the early quantum computing market raises doubts about Rigetti's competitive position [13]

The most recent trading session ended with Rigetti Computing, Inc. (RGTI) standing at $11.16, reflecting a -0.53% shift from the previouse trading day's closing. This change lagged the S&P 500's 0.64% gain on the day. Meanwhile, the Dow experienced a rise of 0.85%, and the technology-dominated Nasdaq saw an increase of 0.31%.Coming into today, shares of the company had lost 5% in the past month. In that same time, the Computer and Technology sector lost 11.22%, while the S&P 500 lost 7.69%.Market participan ...

Rigetti Computing (RGTI 22.63%) captured Wall Street's attention by advancing the rapidly evolving field of quantum computing.Its shares skyrocketed an astonishing 1,140% over the past six months. However, uncertainty and questions regarding its financial outlook created volatility, and the stock is down about 47% from its 52-week high. Clues to the next direction for this stock lie in one metric investors should keep an eye on.A long development road ahead for RigettiRecent breakthroughs have paved the way ...

Since my last analysis of Rigetti Computing, Inc. (NASDAQ: RGTI ) during the quantum bubble burst of January 2024, the stock has lost nearly 10% in price, with heavy volatility in the process. I was bearish during that thesis, and began writingOliver Rodzianko is an investment analyst specializing in the technology sector, grounded in timeless value principles. His expertise spans AI, semiconductors, software, and renewable energy, with a focus on companies that demonstrate resilient management and lasting ...

Core Insights - Rigetti Computing (RGTI) shares have appreciated 14.3% since the fourth-quarter 2024 results were reported on March 5, despite a revenue decline of 32.6% year over year to $2.3 million, missing the Zacks Consensus Estimate by 5.25% [1][2][3] Company Performance - The decline in revenues is attributed to macroeconomic uncertainties and intense competition in the quantum computing market [1] - RGTI launched the Ankaa-3, an 84-qubit quantum system, achieving significant performance milestones, including a 99.0% median fidelity in two-qubit gate fidelity [3] - The company successfully sold its Novera QPU to Montana State University and the UK government, enhancing its global market presence [5] Strategic Collaborations - RGTI's collaboration with Quantum Elements and Qruise led to the automation of quantum processing unit calibration using AI, showcasing the potential of AI in quantum computing [4] - A strategic collaboration with Quanta Computer was announced, with both companies committing over $100 million each over five years to advance superconducting quantum computing [7] - Quanta will also invest $35 million in RGTI through a share purchase, pending regulatory approval [8] Market Outlook - The global quantum computing market is projected to grow at a CAGR of 20.5% from 2025 to 2030, indicating a favorable environment for RGTI [6] - The Zacks Consensus Estimate for 2025 revenues is pegged at $14.50 million, reflecting a year-over-year increase of 34.38% [9] Stock Performance - RGTI shares have outperformed the Zacks Computer & Technology sector and its industry peers year-to-date, with a 9.6% increase over the trailing three-month period [11][14] - Despite a high forward Price/Sales ratio of 95.3X compared to the sector's 5.97X, RGTI is viewed as a compelling investment opportunity due to its growth potential [15] Investment Rating - RGTI currently holds a Zacks Rank 2 (Buy) and a Growth Score of B, indicating a strong investment opportunity [16]

Group 1 - Rigetti Computing, Inc. (NASDAQ: RGTI) recently released its full-year 2024 results, indicating a focus on long-term growth potential despite previous cautions regarding capitalization and market conditions [1] - The company has shifted its investment approach to a simplified "Buy or Don't Buy" strategy, moving away from issuing Sell ratings and focusing on valuations rather than short-term price predictions [1] - The analyst emphasizes a cautious perspective when evaluating companies, reflecting a commitment to understanding business fundamentals and seeking attractive share prices [1] Group 2 - The article does not provide any specific financial metrics or performance data related to Rigetti Computing's results for 2024 [1]