ToplineNvidia CEO says quantum computing is reaching “an inflection point” and Rigetti Computing stock is up slightly — but down 37% in 2025. Should you buy?PARIS, FRANCE - JUNE 11: Founder and CEO of NVIDIA Jensen Huang arrives a round table discussion at ... More the Dome de Paris in the Porte de Versailles exhibition center in Paris, France, on June 11, 2025. (Photo by Mustafa Yalcin/Anadolu via Getty Images)Anadolu via Getty Images Key FactsNvidia CEO Jensen Huang is now a quantum computing booster afte ...

Core Insights - Rigetti Computing has completed sales of $350 million in gross proceeds from its common stock through an at-the-market equity offering program, bringing its total cash, cash equivalents, and available-for-sale investments to approximately $575 million with no debt [1] - The company plans to utilize the proceeds primarily for working capital, capital expenditures, and general corporate purposes, with potential future investments in strategic collaborations, acquisitions, or partnerships [1] Company Overview - Rigetti Computing is a pioneer in full-stack quantum computing, operating quantum computers over the cloud since 2017 and serving a diverse clientele including global enterprises, government, and research institutions through its Rigetti Quantum Cloud Services platform [2] - The company began selling on-premises quantum computing systems in 2021, featuring qubit counts ranging from 24 to 84, and introduced its 9-qubit Novera QPU in 2023 to support the R&D community [2] - Rigetti has developed the industry's first multi-chip quantum processor for scalable quantum computing systems and manufactures its chips in-house at Fab-1, the first dedicated and integrated quantum device manufacturing facility [2]

Rigetti Computing (RGTI) FY 2025 Annual General Meeting June 10, 2025 12:00 PM ET Speaker0 My name is Tom Ayanadi. I am Chair of the Board of Directors, and I will act as the Chairperson of the Annual Meeting. I'm very happy to welcome you to the Rigetti Computing Incorporated twenty twenty five Annual Meeting of Stockholders. The meeting will now officially come to order. The time is 9AM Pacific time on 06/10/2025, and the polls are now open for voting on all matters to be presented. At this time, I'd like ...

Key Takeaways RGTI formed a partnership with Quanta, including a $35 million equity investment to boost development. Rigetti and Quanta will each invest over $100 million in five years to scale quantum processors. RGTI aims to deploy Ankaa-3 and leverage Quanta's scale to enter the enterprise and academic sector.Rigetti Computing (RGTI) marked a significant milestone in February by entering a strategic collaboration with Quanta Computer, a global leader in electronics manufacturing. This agreement reflect ...

CANADA - 2025/05/11: In this photo illustration, the Rigetti Computing logo is seen displayed on a ... More smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty Images Rigetti Computing (NASDAQ: RGTI) has emerged as a standout performer in the quantum computing sector, with its stock price surging a remarkable 1,080% over the past twelve months. This extraordinary growth reflects the mounting excitement around quantum computing te ...

Core Insights - Rigetti Computing has seen its shares increase by over 1,249% in the last 12 months, highlighting the potential for significant returns in the tech sector, particularly in quantum computing [1] - The company is positioned in the emerging quantum computing market, which is expected to have vast economic implications, potentially reaching trillions of dollars [3] Industry Overview - Quantum computing aims to enhance computational power by using qubits instead of traditional bits, allowing for the rapid solving of complex problems [2] - The technology has potential applications in drug discovery, logistics optimization, and materials science, indicating a broad range of real-world uses [3] Company Strategy - Rigetti plans to monetize its quantum computing capabilities through a "picks-and-shovels" model, providing quantum computing power via a cloud interface accessible by traditional hardware [4] - Recent technological breakthroughs in the industry suggest that mainstream adoption of quantum computing may occur sooner than anticipated [4] Competitive Landscape - Competitors like D-Wave Quantum and Alphabet are making significant advancements, with D-Wave's revenue increasing by 500% year over year, indicating a more successful commercialization strategy [10][11] - Rigetti's stock performance has been influenced by competitors' achievements, but the company faces risks from these better-capitalized rivals [6][8] Financial Performance - In the first quarter, Rigetti's revenue fell by 52% year over year to $1.47 million, while operating losses increased from $16.6 million to $21.6 million due to rising R&D costs [9] - The company's high price-to-sales (P/S) ratio of 341 raises concerns about its valuation amidst significant operational challenges [12]

D-Wave Quantum (QBTS) and Rigetti Computing (RGTI) , both with their "hardware-first" approach in quantum computing, have been in the spotlight in recent times. Both companies recently shared their first-quarter 2025 updates.D-Wave Quantum posted a 61% jump in first-quarter commercial revenues and demonstrated its 360-qubit Advantage2 prototype, signaling momentum in hybrid quantum-classical systems.Rigetti Computing, on the other hand, has been gaining from research and government-backed projects. The comp ...

Core Insights - Rigetti Computing shares have increased by over 500% in the last six months, drawing comparisons to Nvidia's rise during the AI boom [1][3] - The total addressable market for quantum computing is projected to reach $131 billion over the next 15 years, attracting investor interest [4] Company Overview - Rigetti Computing has seen its stock rise by 521% recently, positioning it as a notable player in the quantum computing sector [3] - The company generated $10.8 million in annual sales while incurring $200 million in capital losses, raising concerns about its financial sustainability [7][9] - Rigetti's current market capitalization stands at $3 billion, which is difficult to justify given its financial profile [9] Industry Context - Quantum computing is emerging as a significant area within the broader AI landscape, with companies like IonQ and D-Wave Quantum also gaining attention [3] - The potential for quantum computing is substantial, but the technology is not yet widely scaled, limiting immediate applications in AI [4][7] - Established players in AI, such as Nvidia, Microsoft, Alphabet, and Amazon, already have a strong foothold, making competition challenging for newer entrants like Rigetti [12]

Group 1: Industry Overview - Quantum computing is attracting significant investor interest, with the market potentially worth up to $170 billion by 2040 according to Boston Consulting Group [3] - The mass adoption of quantum computing remains speculative, with limited practical applications currently available [4][5] Group 2: Company Performance - Rigetti Computing's revenue has declined, reporting $1.5 million in the first quarter, down nearly 52% year-over-year [6] - The company's full-year 2024 revenue is projected at $10.8 million, a decrease of 10% from the previous year [7] - Rigetti's management indicated that significant commercial sales are not expected for another three to five years [7] Group 3: Financial Position - Rigetti has $237.7 million in cash and cash equivalents, providing operational runway despite declining sales [8] Group 4: Stock Valuation - Rigetti's shares have a price-to-sales multiple of 197, indicating a high valuation relative to its sales [9] - The stock has risen over 800% in the past year, leading to concerns about its sustainability given the current sales decline [9][10]

Rigetti Computing, Inc. RGTI shares are surging on Wednesday, reversing from yesterday’s decline.This week, the company reported first-quarter revenue of $1.47 million, missing analyst estimates of $2.55 million and earnings of 13 cents per share, beating estimates for a loss of 6 cents per share.Needham analyst N. Quinn Bolton lowered the price forecast from $17.00 to $15.00, while keeping a Buy rating.The analyst writes that revenue fell short of their expectations, pending reauthorization of the DOE Quan ...