The quantum computing revolution promises to solve previously impossible computational problems, potentially transforming everything from drug discovery to financial modeling. As investors seek exposure to this emerging technology, Rigetti Computing (RGTI 2.58%) has emerged as a compelling but highly speculative option. The Berkeley-based quantum computer maker has seen its stock surge an astronomical 1,860% over the past six months, fueled by a marketwide uptick in all things quantum. The company stands at ...

SAN FRANCISCO, CA - SEPTEMBER 07: Rigetti Quantum Computing Founder and CEO Chad Rigetti speaks ... [+] onstage during Day 3 of TechCrunch Disrupt SF 2018 at Moscone Center on September 7, 2018 in San Francisco, California. (Photo by Steve Jennings/Getty Images for TechCrunch)Getty Images for TechCrunchShares of Rigetti Computing — a Berkeley, Calif.-based provider of full-stack quantum computing services — have risen 1,756% in the last year, according to the Wall Street Journal.This raises many questions: ...

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. ...

Core Insights - Rigetti Computing has launched its 84-qubit Ankaa-3 system, which features significant hardware redesigns for enhanced performance and fidelity in quantum computing [5][12] - The company emphasizes its leadership in superconducting quantum computing, citing advantages such as fast gate speeds and established manufacturing processes [2][5] - Rigetti has achieved notable milestones in two-qubit gate fidelity, with a median 99.0% iSWAP gate fidelity and 99.5% median fidelity for fSim gates [5][12] Financial Position - Rigetti holds approximately $225 million in cash and cash equivalents, with no debt, indicating strong financial health to support its roadmap and performance goals [2] Technological Advancements - The Ankaa-3 system incorporates a new cryogenic hardware design that improves efficiency and reduces costs per qubit, enabling scalability to thousands of qubits [6][12] - Rigetti has overhauled its qubit chip to enhance coherence and implemented a novel metal deposition method for improved qubit circuitry [6][12] - The company has developed precise control technologies and a robust calibration process to reduce error rates in quantum gate operations [6][12] Future Plans - Rigetti plans to introduce a next-generation modular system architecture and expects to release a 36-qubit system by mid-2025, followed by a system with over 100 qubits by the end of 2025 [7][8] - The Ankaa-3 system will be available through Rigetti Quantum Cloud Services and will be integrated into platforms like Amazon Braket and Microsoft Azure in early 2025 [7]

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]