Company Performance - Rigetti Computing, Inc. closed at $13.72, reflecting a +1.86% change from the previous session, outperforming the S&P 500's daily gain of 0.72% [1] - The stock has experienced a significant decline of 30.96% over the past month, contrasting with the Computer and Technology sector's loss of 1.35% and the S&P 500's gain of 1.02% [1] Earnings Projections - The upcoming EPS for Rigetti Computing is projected at -$0.08, indicating an 11.11% increase compared to the same quarter last year [2] - Quarterly revenue is estimated at $2.4 million, which represents a decrease of 28.99% from the year-ago period [2] Analyst Estimates - Changes in analyst estimates for Rigetti Computing are crucial as they reflect the evolving nature of near-term business trends [3] - Positive estimate revisions indicate analyst optimism regarding the company's business and profitability [3] Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has a strong track record, with 1 stocks averaging an annual return of +25% since 1988 [5] - Rigetti Computing currently holds a Zacks Rank of 3 (Hold), with no changes in the Zacks Consensus EPS estimate over the past month [5] Industry Overview - The Internet - Software industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 66, placing it in the top 27% of over 250 industries [6] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [6]

Core Viewpoint - Rigetti Computing, a quantum computing company, has shown significant stock recovery after a tumultuous period, but it still faces challenges in proving its long-term viability and growth potential in the quantum computing market [2][3][11]. Company Overview - Rigetti Computing went public via a SPAC merger on March 2, 2022, with an initial stock price of $9.75, which later fell to an all-time low of $0.38 by May 3, 2023, due to missed estimates and leadership changes [2][3]. - The company's stock has since rebounded to approximately $13.50, indicating a substantial recovery for investors who bought at the low [3]. Quantum Computing Technology - Quantum computers utilize quantum bits (qubits) to store data, allowing for simultaneous representation of zeros and ones, which enables faster processing of large data sets compared to traditional computers [4]. - Despite their advantages, quantum computers are currently larger, more expensive, and prone to errors, limiting their use primarily to research institutions and government agencies [5][6]. Product Development and Market Position - Rigetti designs and manufactures its own quantum processing units (QPUs) and offers a cloud infrastructure for quantum computing applications, positioning itself as a "full stack" player in the market [7]. - The company launched its Novera QPU, a 9-qubit commercial version, priced at $900,000, and received orders from notable customers [8]. Future Plans and Revenue Projections - Rigetti plans to introduce a modular quantum computing system this year and aims to deploy a nonmodular system with over 100 qubits by the end of 2026, along with a more powerful 336-qubit system in the coming years [10]. - Revenue projections indicate growth from $11 million in 2024 to $35 million in 2026, reflecting a 127% increase, although the company currently has a high enterprise value of $3.7 billion, trading at 105 times its projected 2026 sales [11]. Market Outlook - The quantum computing market is expected to grow at a CAGR of 34.8% from 2024 to 2032, with Rigetti potentially generating $120 million in revenue by 2032 if it matches market growth [12]. - However, caution is advised as the CEO of Rigetti has suggested that investors temper their near-term expectations, and industry leaders like Nvidia's CEO have indicated that practical quantum computers may still be decades away [12].

Core Viewpoint - The article discusses the lack of investment positions held by Parkev Tatevosian and The Motley Fool in the mentioned stocks, emphasizing their disclosure policy and potential compensation for promoting services [1] Group 1 - Parkev Tatevosian, CFA, has no position in any of the stocks mentioned [1] - The Motley Fool also has no position in any of the stocks mentioned [1] - Parkev Tatevosian is an affiliate of The Motley Fool and may receive compensation for promoting its services [1]

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Company Analysis - Rigetti Computing (NASDAQ: RGTI) has experienced a significant stock price surge, increasing by more than 1,500% in 2024 [1] Industry Analysis - The quantum computing field is a focus of exploration, with Rigetti Computing being a key player in this sector [1] Investment Background - The analyst has a strong IT background and seven years of experience in the U S stock market, managing a family portfolio [1] - The analyst emphasizes a deep understanding of risk and reward, particularly in technology stocks, while also exploring diverse sectors for investment opportunities [1]

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Rigetti Computing, Inc. (RGTI) shares soared 42.2% in the last trading session to close at $13.98. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 10.3% loss over the past four weeks.RGTI is benefitting from an expanding clientele and its growing influence in the quantum computing space.This company is expected to post quarterly loss of $0.08 per share in its upcoming report, which represents a year-over-year change of +11.1%. Re ...

Shares of Rigetti Computing are falling precipitously, but could this be an opportunity to cash in on the quantum computing movement at a reasonable price?For the last few months, investors in the artificial intelligence (AI) movement have become enamored with a new opportunity: quantum computing. While quantum computing stocks experienced a fleeting jolt toward the end of 2024, recent price action suggests the momentum may be coming to a halt.In particular, shares of Rigetti Computing (RGTI -12.54%) are do ...

Rigetti Computing (RGTI) shares have skyrocketed 678.9% in the past three months compared with the Zacks  Internet - Software industry’s return of 8.6% and the broader Zacks Computer & Technology sector’s growth of 4.5%. RGTI’s shares have outperformed its peer, D-WAVE QUANTUM (QBTS) , which has gained 335.5% over the past three months.The outperformance can be attributed to RGTI’s expanding clientele and its growing influence in the quantum computing space.RGTI Shares Beat Sector, IndustryImage Source: Zac ...