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]

Rigetti Computing (RGTI) shares have outperformed the Zacks Computer & Technology sector and its peers Salesforce, International Business Machines (IBM) and Alphabet (GOOGL) in the year-to-date period.While RGTI has appreciated 96.9%, Salesforce, IBM and Alphabet have gained 28.8%, 38.2% and 20%, respectively, in the year-to-date period. The broader sector appreciated 27.6% over the same timeframe.RGTI has also outperformed the Zacks Internet - Software industry, which has returned 31.2% year to date.The ou ...

U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining more than 400 points on Monday. The Dow traded up 0.95% to 44,718.05 while the NASDAQ rose 0.25% to 19,050.84. The S&P 500 also rose, gaining, 0.29% to 5,986.39. Check This Out: Jim Cramer Says This Stock Is A Bitcoin Play And He Prefers To Own Bitcoin Leading and Lagging Sectors Consumer discretionary shares jumped by 1.6% on Monday. In trading on Monday, energy shares fell by 1.8%. Top Headline The Dallas Fed's Texas man ...

While I mostly cover income investments now that I am retired and more interested in steady monthly income than I am in growing my portfolio, I still like to follow some high potential growth stocks, and Now retired, I am an income-oriented investor seeking high yield income to support my lifestyle in retirement.I became deeply interested in the stock market beginning in late 2007 (bad timing for me but worse for my uncle) when I received an unexpected inheritance. Since that time I have done considerable r ...

BERKELEY, Calif., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced that Dr. Subodh Kulkarni, Rigetti CEO, will be delivering a keynote presentation at SEMICON Europa 2024 in Munich, Germany later today, November 13, 2024 at 2:45pm. Dr. Kulkarni will discuss the potential transformative power of superconducting quantum computing and how Rigetti is delivering hands-on access to state-of-a ...

Rigetti Computing, Inc. (NASDAQ:RGTI) Q3 2024 Earnings Conference Call November 12, 2024 8:30 AM ET Company Participants Subodh Kulkarni - President and CEO Jeff Bertelsen - CFO Conference Call Participants David Williams - The Benchmark Company Quinn Bolton - Needham and Company Brian Kinstlinger - Alliance Global Partners Craig Ellis - B. Riley Operator Good day. Thank you for standing by. Welcome to Rigetti’s Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only ...

Table of Contents Securities registered pursuant to Section 12(b) of the Act: UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT For the transition period from to Commission File Number (001-40140) , RIGETTI COMPUTING, INC. (Exact name of registrant as specified ...