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].

Core Insights - Rigetti Computing (RGTI) enters 2026 with a robust balance sheet, differentiating itself from peers reliant on frequent capital raises [1][2] - The company's liquidity exceeds $600 million, providing multi-year financial visibility and reducing near-term dilution risk [1][2] - Rigetti's resources are sufficient to fund planned system launches, including next-generation 100+ qubit platforms with approximately 99.5% fidelity and a 150+ qubit architecture [1][7] Financial Flexibility - Rigetti's revenue profile is uneven, primarily tied to government agencies and research institutions, making financial flexibility crucial [2] - Recent contract momentum and international engagement reinforce long-term relevance but do not mitigate quarterly volatility [2] - The strong balance sheet allows Rigetti to absorb delays and customization without external financing, enhancing its competitive position [2][3] Peer Updates - D-Wave Quantum (QBTS) achieved a technical milestone with scalable on-chip cryogenic control for gate-model quantum processors, reducing wiring complexity [4] - IonQ (IONQ) is deepening its relationship with the Korea Institute of Science and Technology Information by installing a next-generation 100-qubit system, highlighting its success with government-backed institutions [5] Price Performance and Valuation - Rigetti's shares have declined 16.6% over the last six months, compared to the industry's decline of 20.3% [6] - The company trades at a price-to-book ratio of 13.31, above the industry average, and carries a Value Score of F [9] - The Zacks Consensus Estimate for Rigetti's 2026 earnings indicates a significant 75.9% improvement from the previous year [10]

Core Viewpoint - The value of quantum computing stocks, particularly Rigetti Computing, has significantly declined from their previous highs, reflecting a correction from overexuberance in the market [1][4]. Group 1: Stock Performance - Rigetti Computing's shares have dropped approximately 75% from their peak last fall, with a recent decline of 15.4% as of Friday morning [1][2]. - The company's market capitalization is currently nearly $5 billion, down from over $18 billion last fall, despite reporting only $1.9 million in third-quarter revenue [3]. Group 2: Analyst Insights - TD Cowen analyst Krish Sinkar downgraded Rigetti stock, suggesting that investors may have overestimated the company's potential and that forward estimates for 2027 are overly optimistic [2][4]. - Rigetti management anticipates that significant demand and value for quantum computing will not materialize until after 2030, indicating a longer timeline for potential returns [4]. Group 3: Market Sentiment - The current decline in Rigetti's stock price is seen as a correction from the previous market enthusiasm, with investors likely needing more time to identify successful companies in the quantum computing sector [4].

The first-mover advantage for pure-play stocks IonQ, Rigetti Computing, D-Wave Quantum, and Quantum Computing Inc. may be short-lived.Although artificial intelligence (AI) sports the largest addressable global opportunity of any game-changing trend on Wall Street, AI stocks took a back seat to the advent of quantum computing in 2025.As of mid-October, pure-play quantum computing stocks IonQ (IONQ 7.25%), Rigetti Computing (RGTI 9.04%), D-Wave Quantum (QBTS 4.17%), and Quantum Computing Inc. (QUBT 4.16%) ral ...

Core Viewpoint - Rigetti Computing is focused on developing quantum computing technology but faces significant competition and challenges, leading to a downgrade in its stock rating and concerns about its financial performance [2][6]. Group 1: Company Overview - Rigetti Computing (NASDAQ:RGTI) aims to revolutionize computing through quantum mechanics, targeting faster problem-solving capabilities compared to traditional computers [1]. - The company is currently trading at $16.46, with a market capitalization of approximately $5.43 billion [5]. Group 2: Financial Performance - Rigetti's shares have declined by 23% year-to-date, attributed to a reset in the company's roadmap and disappointing financial results [2][6]. - The company is experiencing declining revenue, compressed gross margins, and ongoing operating losses [4]. Group 3: Product Development and Contracts - The launch of Rigetti's 108-qubit Cepheus system has been delayed to early 2026, raising investor concerns [3]. - Despite setbacks, Rigetti has secured $8.4 million in contracts with India's C-DAC and the U.S. Air Force, providing some medium-term visibility [3][4]. - The company plans to achieve over 150 qubits by 2026 and exceed 1,000 qubits by 2027 [3]. Group 4: Market Sentiment - Cowen & Co. downgraded Rigetti to a "Hold" rating amid the stock's decline and concerns over its financial outlook [2][6]. - The stock has fluctuated between a low of $15.75 and a high of $17.09 in recent trading [5].

Ways to Know If You're On Track for Retirement or Not[Maurie Backman]| Feb 5, 2026 at 11:20 AM EST## Suze Orman Says 'Get as Much Pleasure Out of Saving as You Do Spending', And She's Right## Continue Reading## Big Bank Sees Quantum Computing Market Hitting $4B by 2030. Here Are 2 Stocks to Make the Leap[Joey Frenette | Oct 5, 2025 at 6:44 AM EDT The quantum computing market might overtake AI as the next big trade on Wall Street. Arguably, it already has, but…]## 2 Quantum Stocks I'm Watching Closely for 20 ...

智通财经APP获悉，来自华尔街知名投资机构Wedbush Securities的资深分析师Antoine Legault表示，挪 威主权财富基金对于全球量子计算领域领军者IonQ(IONQ.US)的最新一笔巨额投资，可能将成为全球最 大规模的那些主动型资产管理机构们对量子计算领域超级投资浪潮的里程碑式开端。负责管理该基金的 挪威央行投资管理机构(NBIM)披露了一笔在2025年第四季度买入多家量子计算公司股票的多头类仓位 操作，涉及IonQ、Rigetti(RGTI.US)以及D-Wave Quantum(QBTS.US)这三家美股量子概念领头羊，其中 对于IonQ的风险敞口最宽广。 Wedbush Securities资深分析师ALegault在最新发布的致客户研究报告中写道："除了显著增加其在IONQ 的初始持仓规模之外，我们还注意到，挪威央行在第四日历季度也新增了对 Rigetti以及D-Wave Quantum的投资规模，这表明这家主权财富基金认为量子领域未来比将繁荣发展，且和当前人工智能热 潮类似，将出现不止一个超级赢家;此外，从长期来看也很可能出现不止一种成功的量子领域技术路径 (modality ...

Key Takeaways Rigetti's shares are down 23% YTD after revenue fell and its 108-qubit launch slipped to 2026.RGTI secured $8.4M from India's C-DAC and U.S. Air Force deals, supporting medium-term visibility.Rigetti targets 150-plus qubits by 2026 and 1,000-plus by 2027 amid margin pressure.Shares of Rigetti Computing (RGTI) have plunged 23% year to date, reflecting growing investor caution after the company reset expectations around its near-term roadmap. While Rigetti continues to post meaningful technical ...

Core Viewpoint - Rigetti Computing, Inc. is experiencing significant stock price fluctuations and is preparing for an upcoming earnings disclosure that may impact investor sentiment and stock performance [1][2]. Group 1: Stock Performance - In the latest trading session, Rigetti Computing, Inc. (RGTI) declined by 3.48% to $16.98, underperforming the S&P 500's daily loss of 0.33% [1]. - Over the past month, shares of Rigetti have decreased by 31.1%, while the Computer and Technology sector has lost 1.09% and the S&P 500 has remained flat [1]. Group 2: Earnings Estimates - The upcoming earnings disclosure is expected to show an EPS of -$0.05, reflecting a 37.5% growth compared to the same quarter last year [2]. - For the entire fiscal year, the Zacks Consensus Estimates predict an EPS of -$0.68 and revenue of $7.89 million, indicating declines of 88.89% and 26.88% respectively from the previous year [3]. Group 3: Analyst Estimates and Rankings - Recent changes to analyst estimates for Rigetti Computing, Inc. suggest a positive outlook on the company's business operations and profit generation capabilities [4]. - The Zacks Rank system currently rates Rigetti Computing, Inc. as 3 (Hold), with no changes in the consensus EPS estimate over the past month [6]. - The Internet - Software industry, which includes Rigetti, ranks in the top 36% of all industries according to the Zacks Industry Rank, indicating a relatively strong position within the sector [7].

Core Viewpoint - Rigetti Computing's stock has significantly declined, trading over 60% below its 2025 high and losing all gains made in 2026, raising questions about whether it is a good time to invest in this quantum computing start-up [1][2]. Industry Overview - The quantum computing industry is still in its early stages, with start-ups like Rigetti competing against established tech giants such as Google and IBM to develop commercially viable quantum technologies [2]. - Companies in this sector are focused on optimizing their quantum computers based on three key metrics: speed, accuracy, and scale [4]. Performance Metrics - Speed is defined as the time taken for a quantum system to manipulate a quantum particle at a "quantum gate" [4]. - Accuracy is measured by "two-qubit gate fidelity," indicating the percentage of error-free computations [5]. - Scale refers to the number of physical qubits in a quantum system, with a noted challenge that increasing speed and scale often leads to decreased accuracy [5]. Rigetti's Position - Rigetti's 108-qubit system claims gate speeds of 50-70 nanoseconds, which is considered very fast [7]. - The median accuracy of this system is 99% for two-qubit gate fidelity, which, while seemingly high, is not competitive with rivals like IonQ, which has achieved 99.99% fidelity in a 100-qubit system [8][9]. - Rigetti's smaller systems show better accuracy, with a 36-qubit system achieving 99.6% fidelity and a 9-qubit system reaching 99.7% [9]. Future Projections - Rigetti aims to develop a system with 1,000 qubits by 2027, targeting a two-qubit gate fidelity of 99.7% [13]. - In comparison, IonQ is targeting a 10,000-qubit system by 2027 and a 2 million-qubit system by 2030 [13]. - For quantum computers to be commercially viable, estimates suggest they need at least 1 million physical qubits and a fidelity of 99.99% or higher [12]. Market Potential - The quantum computing market could reach as much as $72 billion by 2030, presenting significant opportunities for companies like Rigetti if they can capture a substantial market share [17].