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. ...

Ankaa-3 features a broad hardware redesign enabling superior performance. Enhancements across the technology stack include a new cryogenic hardware design, an overhaul of the qubit circuit layout, precise qubit frequency targeting with Alternating-Bias Assisted Annealing, and flexible gate architecture with precise controls. Ankaa-3 has achieved a 99.5% median two-qubit gate fidelity. BERKELEY, Calif., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (NASDAQ:RGTI) ("Rigetti" or the "Company"), a pi ...

Wall Street’s interest in quantum computing is growing daily, with market participants expecting it to have the same impact as generative artificial intelligence (AI) in the new year. As a result, a $2 billion quantum computing stock Rigetti Computing, Inc. (RGTI) has outperformed $3.2 trillion NVIDIA Corporation (NVDA) this year by a substantial margin (+495.3% vs. +164.7%), leaving the latter lagging in terms of growth.Image Source: Zacks Investment ResearchThis year, NVIDIA’s shares have surged due to an ...

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 (RGTI) shares have skyrocketed 691.9% in the past month compared with the Zacks  Internet - Software industry’s return of 2% and the broader Zacks Computer & Technology sector’s growth of 2%. RGTI shares have outperformed its peers International Business Machines (IBM) and Microsoft (MSFT) , which offer quantum computing hardware and software solutions. Shares of IBM and Microsoft have gained 34.6% and 16.5%, respectively, in the same time frame. The outperformance can be attributed to RGT ...

Quantum Computing Industry Overview - Quantum computing employs qubits that can exist in multiple states simultaneously, enabling complex calculations and processing large amounts of data [1] - Applications of quantum computing include financial modeling, drug discovery, and materials science [2] - The industry faces challenges with increasing errors as systems grow more complex with higher qubit counts [2] - Recent advancements by Google and Amazon in quantum computing have fueled a rally in quantum stocks [3] - $2 7 billion in government funding for quantum computing has positively impacted the sector [3] Rigetti Computing Company Analysis - Rigetti Computing is a leading player in the quantum computing ecosystem, offering a Quantum Computing as a Service (QCaaS) platform [3] - The company has developed a quantum processing unit called Novera with 9 qubits [3] - Rigetti generates revenue from development contracts with partners and focuses on QPUs for long-term sales [4] - The company could potentially sell hundreds of QPUs over the next ten years, driving stock growth [4] - RGTI stock has shown significant volatility, with returns of -92% in 2022 and 35% in 2023 [5] Investment Considerations - RGTI stock has experienced a 500% rise in a month, with potential for further growth [1] - Quantum computing remains in a developmental stage and is not yet ready for widespread practical implementation [4] - The Trefis High Quality Portfolio, which includes 30 stocks, has outperformed the S&P 500 with >91% returns since inception and less volatility compared to RGTI [2][5]

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Rigetti Computing, Inc. (RGTI) .Rigetti Computing currently has an average ...

Nvidia's Growth and Market Position - A $1,000 investment in Nvidia over the past 10 years would have grown to roughly $265,840, largely driven by its data center GPUs for AI tasks [1] - Nvidia's revenue grew at a CAGR of 31% from fiscal 2014 to fiscal 2024, with analysts expecting a CAGR of 56% from fiscal 2024 to fiscal 2027 as the AI market expands [3] - Nvidia is the world's second-most valuable company with a market cap of $3.35 trillion, but investors seeking bigger gains might look to small-cap companies in nascent growth industries [4] Quantum Computing Market Potential - Quantum computers use qubits to process data faster than traditional binary computers, though they are still massive, expensive, and error-prone [6] - The quantum computing market is expected to expand at a CAGR of 34.8% from 2024 to 2032 as companies work to miniaturize QPUs and improve error correction [7] Rigetti Computing Overview - Rigetti Computing, a $335 million quantum computing stock, has rallied nearly 80% this year and aims to become a leader in the quantum computing niche [5] - The company designs and manufactures quantum integrated circuits and offers a cloud platform for developers to write quantum algorithms, making it a "full-stack" quantum computing company [8][9] - Rigetti went public via a SPAC merger in March 2022, despite the high costs of manufacturing, operating, and maintaining quantum computing hardware [10] Rigetti's Financial Performance and Challenges - Rigetti's revenue grew from $8 million in 2021 to $13 million in 2022 but declined to $12 million in 2023, missing its pre-merger projection of $34 million in 2023 [11] - The company faced challenges including uneven government contracts, leadership changes, rising interest rates, and persistent losses, leading to a stock price low of $0.38 in May 2023 [12] Rigetti's Technological Advancements and Future Plans - Rigetti launched its 9-qubit Novera QPU in December 2023, priced at $900,000, with orders from customers like SQMS, AFRL, and Horizon Quantum Computing [13] - The company plans to deploy its 84-qubit Ankaa-3 system by the end of 2024, a 36-qubit modular system in 2025, and a 100-qubit non-modular system by the end of 2025, with long-term goals for a 336-qubit system [14] - Analysts expect Rigetti's revenue to decline 8% to $11 million in 2024 but grow 47% to $16.2 million in 2025 and surge 130% to $37.3 million in 2026 as it scales up its business [15] Rigetti's Speculative Potential - Rigetti's stock is priced at 9 times its 2026 sales, and while it has grand ambitions in the quantum computing market, it remains a highly speculative play with risks of running out of cash before scaling up [16]

Core Viewpoint - Rigetti Computing (RGTI) has significantly outperformed major competitors and the broader technology sector in year-to-date performance, indicating strong market positioning and growth potential in the quantum computing space [1][2]. Year-to-Date Performance - RGTI shares have appreciated by 96.9% year-to-date, compared to Salesforce (28.8%), IBM (38.2%), and Alphabet (20%), while the broader sector has seen a 27.6% increase [1]. - In the Zacks Internet - Software industry, RGTI outperformed with a return of 96.9% against the industry's 31.2% [2]. Expansion of Portfolio - Rigetti's advancements in quantum computing technology are driving growth, with the introduction of a new modular system architecture and plans for a 36-qubit system by mid-2025 and a 100-qubit system by the end of 2025 [5]. - The company achieved a 99.4% median 2-qubit gate fidelity on its 9-qubit chips, which is essential for scaling quantum systems [5]. - The introduction of the Alternating Bias-Assisted Annealing technique enhances the fidelity and performance of quantum processors, supporting multi-chip architecture and scaling efforts [6]. Market Positioning - RGTI's modular chip architecture allows for efficient scaling by linking multiple identical chips, positioning the company to meet increasing market demand for scalable quantum systems [7]. - The quantum computing market is projected to grow at a CAGR of 20.1% from 2024 to 2030, indicating a favorable environment for RGTI's growth [8]. Clientele Expansion - Partnerships with Riverlane, NQCC, and collaborations with NVIDIA and Quantum Machines are significant growth drivers for Rigetti [9]. - Rigetti and Riverlane's development of quantum error correction technology is crucial for improving stability and reliability in quantum computing [10]. - Rigetti's technology is being utilized at the National Quantum Computing Centre in the UK, enhancing its profile in the international quantum research community [12]. Financial Performance - The Zacks Consensus Estimate for fourth-quarter revenues is projected at $2.40 million, reflecting a decline of 28.99% year-over-year [13]. - The consensus for earnings indicates a loss of 8 cents per share, which is an 11.11% increase from the previous year's quarter [14]. - RGTI's forward 12-month Price/Sales ratio is 35.50X, significantly higher than the sector's 3.02X, suggesting that the stock may not be undervalued [17].

U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining more than 400 points on Monday. The Dow traded up 0.95% to 44,718.05 while the NASDAQ rose 0.25% to 19,050.84. The S&P 500 also rose, gaining, 0.29% to 5,986.39. Check This Out: Jim Cramer Says This Stock Is A Bitcoin Play And He Prefers To Own Bitcoin Leading and Lagging Sectors Consumer discretionary shares jumped by 1.6% on Monday. In trading on Monday, energy shares fell by 1.8%. Top Headline The Dallas Fed's Texas man ...