Core Viewpoint - Rigetti Computing's stock experienced a dramatic surge of nearly 2,000% in late 2024, but subsequently lost about half its value in 2025 due to doubts about the readiness of quantum technology for commercial use [1][5]. Company Overview - Rigetti Computing operates in the quantum computing sector, utilizing qubits which allow for a broader range of values compared to traditional bits, significantly enhancing computing power [3]. - The company has a market capitalization of over $2.3 billion and is set to release a 36-qubit system in mid-2025, followed by a 100-qubit system aimed at reducing error rates by 2x by the end of the year [4]. Financial Performance - In 2024, Rigetti reported revenues of $10.8 million, a decrease of 10% from the previous year, resulting in an operating loss of $68.5 million [6]. - The company faced a total loss of $201 million in 2024, which is significantly higher than the $75 million loss recorded in 2023 [6]. - Rigetti's negative free cash flow was nearly $62 million in 2024, with current liquidity of $192 million, allowing it to operate for approximately three more years without additional funding [7]. Market Position and Challenges - The company is under pressure to issue additional shares or incur more debt to sustain operations, raising concerns about its competitive position against larger firms like Alphabet [8]. - Valuation metrics are challenging, with a price-to-sales ratio exceeding 140 and a price-to-book ratio of 18, which may deter potential investors [9]. - Despite the potential for exponential growth in quantum computing, Rigetti's prospects for commercial success appear distant, leading to skepticism about its ability to generate revenue in the near term [11][12].

Company Performance - Rigetti Computing, Inc. (RGTI) ended the latest trading session at $9.42, reflecting a +0.32% change from the previous close, outperforming the S&P 500's daily loss of 3.46% [1] - Over the last month, RGTI shares increased by 4.92%, contrasting with the Computer and Technology sector's loss of 7.24% and the S&P 500's loss of 5.27% [1] Earnings Expectations - Analysts expect Rigetti Computing, Inc. to report earnings of -$0.05 per share in the upcoming earnings report, indicating a year-over-year growth of 64.29% [2] - The consensus estimate for revenue is $2.46 million, which represents a decline of 19.34% from the same quarter last year [2] Full-Year Estimates - The Zacks Consensus Estimates for Rigetti Computing, Inc. project earnings of -$0.20 per share and revenue of $14.52 million for the full year, reflecting year-over-year changes of +44.44% and +34.57%, respectively [3] - Recent changes to analyst estimates indicate evolving short-term business trends, with positive revisions suggesting analyst optimism about the company's profitability [3] Zacks Rank and Industry Performance - Rigetti Computing, Inc. currently holds a Zacks Rank of 2 (Buy), with the Zacks Consensus EPS estimate remaining steady over the past month [5] - The Internet - Software industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 75, placing it in the top 31% of over 250 industries [6]

Rigetti Computing (RGTI) shares have rallied 15.2% since the company announced that it was selected to participate in the Defense Advanced Research Projects Agency (“DARPA”) Quantum Benchmarking Initiative on April 03. This program aims to evaluate whether quantum computing technologies can achieve a utility-scale performance by 2033.Rigetti’s selection as one of 15 finalists in DARPA’s Quantum Benchmarking program, alongside giants like IBM and Hewlett Packard Enterprise, underscores its rising influence i ...

The company didn't exactly earn its skyrocketing price jump, but the recent drop isn't Rigetti's fault either. Forces way beyond Rigetti's control are playing Wall Street lacrosse with the stock. So what's going on, and is this price dip a good time to buy Rigetti stock? Quantum computing stocks have been on a roller coaster ride. Is Rigetti's 61% price drop a buying opportunity or just the beginning of a regrettably necessary correction? Quantum computing specialist Rigetti Computing (RGTI -7.56%) has been ...

Group 1: Indie Semiconductor - Indie Semiconductor has a high short interest, with 27% of its floated shares sold short, indicating bearish sentiment among investors [2][3] - The company experienced significant revenue growth in 2022 and 2023, with increases of 129% and 101% respectively, but faced a nearly 3% decline in 2024 [3] - Indie has a substantial design backlog of $7.1 billion, which is significant compared to its projected revenue of $217 million in 2024, positioning the company well for future recovery in the automotive semiconductor market [5][6] Group 2: Rigetti Computing - Rigetti Computing also has a high short interest, with around 25% of its floated shares sold short, reflecting skepticism despite a 1450% stock price increase in 2024 [8][9] - The company is recognized for its quantum chip fabrication facility, which could position it as a key player in the quantum computing space, although it currently generates less than $11 million in revenue [9][10] - Rigetti's potential lies in its ability to serve as a contract quantum computer maker, with ongoing projects with the United States Air Force Research Lab [10] Group 3: Impinj - Impinj has a short position of nearly 26% of its floated shares, indicating significant bearish sentiment [11] - The company's stock rose 269% from October 31, 2023, to October 10, 2024, but has since declined by 62% due to valuation concerns and falling Q1 revenues [12][13] - Impinj specializes in small sensors for inventory tracking, with an estimated market opportunity to track trillions of items annually, having penetrated less than 1% of this market [14][15]

Core Insights - Rigetti Computing has been selected to participate in DARPA's Quantum Benchmarking Initiative (QBI) to assess the feasibility of achieving utility-scale quantum computing by 2033 [1][4] - The company aims to develop a Utility-Scale Quantum Computer (USQC) using its proprietary multi-chip architecture and scalable quantum error correction (QEC) codes, in collaboration with Riverlane [2][3] Group 1: DARPA QBI Participation - The QBI will evaluate quantum computing concepts through a multi-stage approach, with Rigetti advancing to Stage A, which includes a 6-month performance period and potential funding of up to $1 million [1] - The initiative's goal is to determine if any quantum computing approach can achieve utility-scale operation by 2033 [1] Group 2: Technology and Collaboration - Rigetti's USQC concept will utilize Quantum Low Density Parity Check (qLDPC) codes, which are more efficient than traditional surface codes, allowing for better scalability and reduced physical qubit overhead [3] - Riverlane, a partner specializing in QEC technology, will assist in refining and validating Rigetti's USQC concept [2] Group 3: Company Expertise and Roadmap - Rigetti has spent a decade developing intellectual property and expertise in quantum computing, positioning itself to deliver on the QBI program [4] - The company has made significant advancements in superconducting qubit technology, including a novel chip fabrication technique called Alternating Bias Assisted Annealing (ABAA) [4][5] - Rigetti's current 84-qubit Ankaa-3 system demonstrates a 99.0% ISWAP gate fidelity, with plans to scale to over 100 qubits while reducing error rates by 50% [5]

The objective of DARPA’s QBI program is to verify and validate that quantum computing can achieve utility-scale operation by 2033.BERKELEY, Calif., April 03, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, announced today that it was selected to participate in the Defense Advanced Research Projects Agency (DARPA) Quantum Benchmarking Initiative (QBI). The primary goal of QBI is to determine if any approach to ...

Core Viewpoint - Defiance ETFs has launched RGTX, a 2X leveraged single-stock ETF aimed at providing amplified exposure to Rigetti Computing, Inc. (NASDAQ:RGTI), allowing traders to seek enhanced returns without needing a margin account [1][3]. Company Overview - Rigetti Computing is recognized as a pioneer in quantum computing, known for its innovative technology and cutting-edge research [2]. - The company is actively developing proprietary quantum processors and expanding its Quantum Computing as a Service (QCaaS) platform [3]. ETF Details - RGTX aims to achieve daily investment results that correspond to twice (200%) the daily percentage change of Rigetti Computing's stock [2]. - The ETF is designed for investors looking for leveraged exposure to Rigetti Computing's market performance [3]. - Defiance ETFs specializes in thematic, income, and leveraged ETFs, positioning itself as a leader in ETF innovation since its founding in 2018 [5]. Investment Strategy - The ETF provides a trading tool for investors who wish to engage with Rigetti Computing's market performance without the complexities of margin accounts [3]. - RGTX is intended for knowledgeable investors who understand the risks associated with leveraged investments and are willing to actively manage their portfolios [4].

Rigetti Computing, Inc. (RGTI) closed the last trading session at $9.82, gaining 8.8% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $14.80 indicates a 50.7% upside potential.The average comprises five short-term price targets ranging from a low of $12 to a high of $17, with a standard deviation of $1.92. While the lowest estimate indicates an increase of 22.2% from the current pr ...

It's usually a bad idea to invest in booming, hype-based stocks because they will probably fall back down to earth unless their rally is based on sustainable fundamentals. With shares down by 41% since the start of 2025, Rigetti Computing (RGTI 0.36%) is an excellent example of this phenomenon. Let's dig deeper to decide what the next 12 months might have in store for this speculative company. What is Rigetti Computing?Founded in 2013, Rigetti Computing is a California-based start-up that aims to pioneer qu ...