One historically accurate valuation metric appears to spell doom for Wall Street's quantum computing pure plays.For a majority of the last three decades, investors have had a game-changing technology or next-big-thing trend to captivate their attention. For instance, the artificial intelligence (AI) revolution is rewriting the growth potential for corporate America.But in rare instances, more than one hyped tech trend can exist at the same time. The emergence of quantum computing, and the breakneck rallies ...

Key Takeaways IonQ projects Q3 revenues of $25-29M, up 117.9% year over year, driven by partnerships and contracts.Rigetti expects Q3 revenues of $2.39M as margins stay pressured by low-yield development contracts.Both stocks hold balanced risk-reward profiles, though IonQ's liquidity offer a stronger near-term footing.IonQ (IONQ) and Rigetti Computing (RGTI) are two of the most closely watched pure-play quantum computing stocks, with their third-quarter 2025 earnings to be released shortly. For IonQ, 2025 ...

Core Insights - Quantum computing is a high-stakes frontier with potential to revolutionize various industries, presenting early investment opportunities in a potentially trillion-dollar market [1] Company Analysis Rigetti Computing (RGTI) - Rigetti's shares have surged 142.9% year-to-date, significantly outperforming IonQ's 36.8% gain [5][8] - The company is advancing a superconducting-qubit, modular chiplet architecture, targeting a 100+ qubit system by the end of 2025, with a recent achievement of a 36-qubit system and a median two-qubit gate fidelity of approximately 99.5% [6][12] - Rigetti's revenue model is heavily reliant on government and research contracts, including a $5.8 million contract with the Air Force Research Laboratory [10] - The Zacks Consensus Estimate for Rigetti's 2025 sales implies a year-over-year decline of 19.65%, with a projected loss per share of 9 cents [15] IonQ (IONQ) - IonQ is focusing on trapped-ion quantum systems, recently achieving a two-qubit gate fidelity exceeding 99.99%, which reduces error-correction burdens [7][13] - The company is executing a platform-expansion strategy through acquisitions, including the $1.07 billion acquisition of Oxford Ionics, aimed at enhancing its capabilities [11] - The Zacks Consensus Estimate for IonQ's 2025 sales implies a year-over-year growth of 115.1%, with a projected loss per share of 97 cents [18] Comparative Analysis - Rigetti's approach emphasizes near-term milestones and government backing, while IonQ's strategy focuses on long-term platform vision and ecosystem expansion [14][22] - Rigetti holds a Growth Score of C and a Momentum Score of A, indicating improving sentiment, whereas IonQ has a Growth Score of F and a Momentum Score of D, reflecting cautious expectations [22] - Both companies currently carry a Zacks Value Score of F, indicating premium pricing in the emerging quantum sector [21]

Group 1 - Quantum concept stocks experienced a rise on Wednesday, with IONQ Inc (IONQ.US) and Rigetti Computing (RGTI.US) both increasing by over 6.4% [1] - D-Wave Quantum (QBTS.US) also saw a significant increase of over 6.4%, while Quantum Computing (QUBT.US) rose by more than 3% [1]

Core Insights - Government stakes in quantum computing companies could pose risks for investors, despite the excitement surrounding the technology [5][10][11] - Quantum computing stocks have seen significant price increases, indicating strong investor interest [2][3] - The potential applications of quantum computing are vast, including drug development and cybersecurity [3] Group 1: Government Involvement - The Trump administration is reportedly considering equity stakes in quantum computing firms like IonQ, Rigetti Computing, and D-Wave Quantum, which could lead to dilution of existing shares [5][9] - Government stakes may prioritize political interests over the long-term health of these companies, potentially impacting their operations and strategies [10][11] - Previous instances of government equity stakes in other sectors have raised concerns about the implications for public companies [8] Group 2: Market Performance - Quantum computing stocks have experienced remarkable returns over the past year, with IonQ up 284%, Rigetti Computing up 3,140%, D-Wave Quantum up 2,760%, and Quantum Computing Inc. up 1,310% [2] - Despite the impressive growth, these companies are expected to continue losing money and burning cash through 2028, indicating a challenging financial outlook [7] Group 3: Valuation Concerns - The price-to-sales (P/S) ratios for leading quantum computing stocks are extraordinarily high, with IonQ at 263, Rigetti Computing at 1,243, D-Wave Quantum at 375, and Quantum Computing Inc. at 7,322 [20] - Historical trends suggest that high valuations in emerging technologies often lead to significant market corrections, raising concerns for current investors [19][20] - The technology remains in its early stages, and widespread commercialization may take years, which could affect stock performance [16]

BERKELEY, Calif., Oct. 28, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, announced today that it is supporting NVIDIA NVQLink, NVIDIA’s new open platform for integrating AI supercomputing with quantum computers. Rigetti is exhibiting its collaboration with NVIDIA NVQLink at the Quantum Computing Pavilion at NVIDIA GTC Washington, D.C. NVIDIA GTC attendees can also view a full-scale demonstration of a Rigetti ...

BERKELEY, Calif., Oct. 28, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, announced today that it is supporting NVIDIA NVQLink, NVIDIA’s new open platform for integrating AI supercomputing with quantum computers. Rigetti is exhibiting its collaboration with NVIDIA NVQLink at the Quantum Computing Pavilion at NVIDIA GTC Washington, D.C. NVIDIA GTC attendees can also view a full-scale demonstration of a Rigetti ...

Key Points Investors who bought Rigetti Computing a year ago have parlayed their $100 investment into a tidy four-figure windfall. Another 33x surge higher may not be in the cards, but don't rule out further outsized price appreciation. Even if the federal government ends up not making a strategic investment in Rigetti, further monetization progress could still send this stock up by triple-digit percentages over the coming year. 10 stocks we like better than Rigetti Computing › With quantum compu ...

Key Points Pure-play quantum stocks have delivered monstrous returns over 12 months, as governments see encryption vulnerability as a security priority. "Q-Day" (when quantum computing breaks most standard encryption methods), now estimated for 2030, is accelerating spending. Despite steep losses, billion-dollar funding and technical breakthroughs signal that quantum computing is moving from research to commercial deployment. 10 stocks we like better than IonQ › Industry experts still treat quant ...

BERKELEY, Calif., Oct. 28, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (Nasdaq: RGTI), a pioneer in hybrid quantum-classical computing, announced today that it will release third quarter 2025 results on November 10, 2025 after market close. The Company will host a conference call to discuss its financial results and provide an update on its business operations on November 11, 2025 at 8:30 am ET. Key details regarding the call are as follows: Call Date: Tuesday, November 11, ...