Core Insights - Wall Street is significantly investing in Rigetti Computing, with major asset managers like Vanguard, BlackRock, and State Street holding substantial shares, indicating a strong interest in the company [1][2] - Vanguard's investment in Rigetti, valued at approximately $577 million, is primarily due to the stock's inclusion in broad market indexes rather than a reflection of the fund managers' strong belief in the company's potential [2][6] - The surge in Rigetti's stock price by over 1,700% in 2025 led to an increase in its weighting in various indexes, which in turn inflated the value of institutional holdings [3] Institutional Investment Dynamics - Active hedge funds, such as D.E. Shaw, also hold positions in Rigetti, but these are driven by algorithmic trading strategies rather than long-term convictions about the company's future [4] - Many funds that typically invest for the medium to long term have minimal exposure to Rigetti, with positions constituting less than 0.01% of their portfolios, suggesting a lack of confidence in the stock [5] Misinterpretation of Institutional Ownership - The presence of large institutional investors like Vanguard on Rigetti's shareholder list is often misinterpreted as a validation of the company's prospects, but it is largely a mechanical outcome of index inclusion rather than an endorsement from "smart money" [6]

Core Insights - Rigetti Computing is a key player in the quantum computing sector, offering various quantum computers including the flagship Ankaa-3 and the modular Cepheus-1-108Q, which is expected to be commercially released by the end of Q1 2026 [1][6] - The global quantum computing market was valued at $1.44 billion in the previous year and is projected to grow to $19.44 billion by 2035, indicating a compound annual growth rate of approximately 30% [4] - Rigetti has received an order worth $8.4 million from India's Centre for Development of Advanced Computing for a 108-qubit quantum computer, scheduled for installation in Bengaluru [7] Company Overview - Rigetti has been operational since 2013, focusing on the design, construction, and marketing of superconducting quantum integrated circuits and processor chips [2] - The company emphasizes flexibility in its offerings to attract customers, with systems designed for both standalone and expanded configurations [1] Financial Performance - In Q3 2025, Rigetti reported revenues of $1.9 million, a decline of 19% year-over-year, and an operating loss of $20.5 million, with a non-GAAP net loss of $10.7 million [9] - The stock has faced downward pressure due to high competition from major players like IBM and Honeywell, as well as operational challenges [8] Analyst Insights - TD Cowen analyst Krish Sankar has a Hold rating on Rigetti, citing balanced risk/reward dynamics but highlighting concerns over cash burn and competitive pressures [10][11] - The consensus rating for Rigetti is Moderate Buy, with an average price target suggesting a potential upside of 133% from the current stock price of $16.6 [11]

Key Takeaways Rigetti is scaling toward 1,000 qubits by 2027 using modular chiplet architecture.RGTI's 36-qubit chiplets show nearly 99.5% two-qubit gate fidelity, targeting ~150 qubits in 2026.Rigetti shares gained 12.5% in six months, while 2026 earnings estimates signal 74.3% growth.Rigetti Computing’s (RGTI) push toward a 1,000-plus qubit machine by 2027 is now grounded in its chiplet-driven design strategy, not just incremental R&D progress. During its third-quarter earnings discussion, management emph ...

Rigetti Computing (NASDAQ: RGTI) and D-Wave Quantum (NYSE: QBTS) are two stocks that rewarded investors with incredible returns, but even after their recent retreat from their October highs, I think they have a lot further to fall. Even now, with Rigetti shares trading at $16 and D-Wave at $20, their valuations are disconnected from reality and any business fundamentals, and that could soon be a serious problem for investors. Where to invest $1,000 right now? Our analyst team just revealed what they belie ...

BERKELEY, Calif., Feb. 18, 2026 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (Nasdaq: RGTI), a pioneer in hybrid quantum-classical computing, announced today that it will release fourth quarter and full-year 2025 results on March 4, 2026, after market close. The Company will host a conference call to discuss its financial results and provide an update on its business operations at 5:00 pm ET the same day. Key details regarding the call are as follows: Call Date: Wednesday, March ...

Core Insights - Quantum computing stocks, particularly IonQ, Rigetti, and D-Wave, have seen extraordinary returns, with trailing 12-month gains ranging from 670% to 6,217% [2] - The technology is expected to create significant economic value, with estimates ranging from $450 billion to $850 billion by 2040, and a $1 trillion addressable opportunity by 2035 [7] Company Performance - Insiders at IonQ, Rigetti, and D-Wave have sold approximately $615 million more in shares than they have purchased over the past year, indicating potential concerns about stock valuation [14][20] - IonQ's market cap stands at $12 billion, while Rigetti's is at $5.1 billion, reflecting their positions in the market [13][16] Market Trends - The rise of quantum computing has been fueled by significant investments, including JPMorgan Chase's $1.5 trillion Security and Resiliency Initiative, which identifies quantum computing as a key area for future financing [8] - Major companies like Amazon are already utilizing quantum computing through services like Braket, which enhances the credibility and market presence of IonQ, Rigetti, and D-Wave [9] Insider Activity - No insiders at Rigetti have purchased shares in the past year, while D-Wave had minimal insider buying, suggesting a lack of confidence in stock valuation [17] - In contrast, two directors at IonQ have invested approximately $2.1 million in their own company, indicating some level of confidence [17] Industry Outlook - Quantum computing is still in its early commercialization stages, and historical trends suggest that new technologies often face significant challenges and corrections during their growth phases [19] - Analysts caution that the high price-to-sales ratios of quantum computing stocks may not reflect their long-term potential, as the technology is still being optimized for practical applications [18]

Core Insights - Investors have shown significant interest in quantum computing stocks, but many are experiencing sharp declines in 2025 [1] - Quantum computing has the potential to outperform classical computing in processing workloads, particularly in fields like science and cryptography [2] - Ark Investment Management suggests that the commercialization of quantum computing may be further away than anticipated by investors [3] Company Overview: Rigetti Computing - Rigetti Computing is a leader in the quantum industry, owning its fabrication facility and developing its own programming language, Quil [5] - The company has created a cloud computing platform to rent quantum computing capacity, allowing for faster updates to its systems [5] - Rigetti has built the largest multichip quantum computer, Cepheus-1-36Q, achieving a fidelity of 99.5% [6] Technical Aspects of Quantum Computing - Quantum computers utilize qubits, which can represent both 0 and 1 simultaneously, enabling rapid simulations from large datasets [7] - A fidelity of 99.5% means an error occurs once every 200 operations, which is still too high for many applications [8] - Rigetti plans to launch a new 150-qubit quantum computer with 99.7% fidelity by the end of 2026, followed by a 1,000-qubit system with 99.8% fidelity in 2027 [9] Market Position and Financials - Rigetti generated $5.2 million in revenue during the first three quarters of 2025, which is minimal for a company valued at $5 billion [8] - The current market cap of Rigetti is approximately $5.3 billion, with a price-to-sales (P/S) ratio of 617, making it one of the most expensive tech stocks [10][16] - Despite a 71% decline from its peak, Rigetti has a three-year return of 1,550% [15] Competitive Landscape - Alphabet, the parent company of Google, is also developing quantum systems and has significantly more resources than Rigetti [10] - According to Ark's research, Alphabet's quantum computers are expected to double qubits and reduce error rates by 40% every four years, delaying the ability to crack the RSA-2048 encryption until 2063 [11] - Ark believes quantum computers could be useful for cryptographic decryption by 2044 if advancements in qubit doubling and error rate reduction are accelerated [13] Valuation Concerns - Rigetti's high valuation is considered unsustainable given its current revenue levels and the long timeline for achieving commercially viable quantum computing [15][18] - The industry faces significant challenges in scaling quantum systems, which may hinder Rigetti's ability to maintain its growth trajectory [14]

In the latest trading session, Rigetti Computing, Inc. (RGTI) closed at $15.59, marking a -3.09% move from the previous day. This change lagged the S&P 500's 0.1% gain on the day. Meanwhile, the Dow gained 0.07%, and the Nasdaq, a tech-heavy index, added 0.14%. The stock of company has fallen by 37.2% in the past month, lagging the Computer and Technology sector's loss of 4.05% and the S&P 500's loss of 1.43%.Market participants will be closely following the financial results of Rigetti Computing, Inc. in i ...

Quantum computing could be the next big technology revolution that will transform computing. But that transformation is still years away, with maybe even a decade ahead before it becomes widespread. It has created a lot of buzz among investors who want to get in early with the first movers in hopes of hitting a multi-bagger. One of the leading quantum computing stocks that has generated from that buzz is Rigetti Computing (NASDAQ: RGTI). Where to invest $1,000 right now? Our analyst team just revealed wha ...

Core Viewpoint - Rigetti Computing's shares have dropped 9.15% this week, reflecting valuation concerns and skepticism about its future performance in the quantum computing sector [1]. Group 1: Performance Overview - Rigetti's stock is down 27.36% year-to-date and 37.44% over the past month, with a peak of $58.15 in mid-October [1]. - The company has a market cap of $4.95 billion and trades at a 660x price-to-sales ratio, with trailing twelve-month revenue of $7.49 million [1]. - Despite a one-year return of 31.35%, recent momentum has reversed significantly [1]. Group 2: Analyst Downgrade - TD Cowen analyst Krish Sankar downgraded Rigetti to Hold, citing unrealistic revenue targets for 2027 and increased costs in the quantum computing field [1]. - The consensus price target for Rigetti is $38.85, indicating potential upside, but the downgrade has shifted market sentiment negatively [1]. - Current estimates for 2027 sales are projected at $45.39 million, with potential downward revisions expected following the downgrade [1]. Group 3: Execution Risks - Rigetti postponed the launch of its Cepheus-1-108Q quantum computer, raising concerns about its technical execution capabilities [1]. - The company reported Q3 revenue of $1.90 million, missing estimates of $2.21 million, and posted a net loss of $200.97 million [1]. - Year-over-year revenue declined by 18.1%, indicating challenges in achieving commercial success [1]. Group 4: Competitive Landscape - IonQ has widened the competitive gap by announcing a significant acquisition to bring quantum hardware manufacturing in-house, reporting Q3 revenue of $39.87 million, which is 20 times that of Rigetti [1]. - IonQ holds $3.5 billion in pro-forma cash after a $2 billion equity offering and has achieved a technical milestone of 99.99% two-qubit gate performance [1]. - The probability of the US government taking an equity stake in Rigetti by the end of 2026 is only 8.05%, compared to 50% for IonQ [1].