Group 1 - Rigetti Computing Inc. (NASDAQ:RGTI) experienced a share price increase of 8.98% to close at $47.11, driven by investor interest in technology stocks amid the AI sector boom [1][3] - The company secured new orders worth $5.7 million from two clients for its 9-qubit Novera computing system, indicating strong demand for its quantum computing technology [2][3] - One client, based in Asia, will use the Novera system to develop internal quantum computing expertise, while a California startup will focus on quantum hardware and error correction research [3][4] Group 2 - Rigetti Computing aims to deliver the new orders in the first half of 2026, showcasing its commitment to advancing quantum computing research [4] - The Novera quantum computing system is designed to enhance understanding of key quantum computing areas, including qubit operation, control system optimization, and efficient quantum algorithm development [4]

Core Viewpoint - Rigetti Computing's stock experienced significant gains despite a generally bearish market, indicating strong investor interest and confidence in the company's future prospects [1][4][7] Group 1: Stock Performance - Rigetti Computing's share price increased by 9% during Thursday's trading session, contrasting with the S&P 500's decline of 0.3% and the Nasdaq Composite's drop of 0.1% [1] - The stock had reached a peak increase of 11.5% before settling lower [1] Group 2: Analyst Coverage and Price Target - Benchmark raised its price target for Rigetti from $20 to $50 per share while maintaining a buy rating, suggesting a potential upside of approximately 6% [4] - Analysts highlighted Rigetti's improving cash position, expanding product portfolio, and support from the broader tech industry as key factors for the price target increase [4] Group 3: Geopolitical Factors - Concerns regarding U.S.-China relations have negatively impacted many stocks, yet Rigetti and other growth-dependent stocks managed to post significant gains [5] - Investors are speculating that advancements in quantum computing could provide competitive advantages in artificial intelligence and cryptography, which may benefit Rigetti [5]

Core Viewpoint - Citron Research favors Infleqtion over Rigetti Computing Inc., highlighting the valuation gap and the progress made by Infleqtion in the quantum technology sector [1][2]. Company Comparison - Infleqtion is positioned as a "far superior quantum company" compared to Rigetti, with diverse revenue streams from quantum sensors, atomic clocks, and RF systems, while Rigetti relies more on prototypes and demos [3][4]. - Infleqtion's partnership with NVIDIA Corp. is a significant advantage, providing credibility and potential future opportunities, as NVIDIA has showcased Infleqtion in various high-profile events [4]. Valuation Insights - Citron claims that Infleqtion deserves a higher valuation, potentially surpassing Rigetti's market cap of $14 billion, suggesting that at a $15 billion valuation, Rigetti's stock price should be $46.88, while Infleqtion's would be $58.82 [5]. - Rigetti shares have seen a substantial increase of nearly 370% over the past six months, trading at $44.96, while Churchill Capital, Infleqtion's SPAC partner, has gained 100% since the merger announcement [6].

Core Insights - Quantum computing stocks experienced significant gains on Thursday, with SEALSQ Corp rising over 19%, Rigetti Computing increasing by more than 6%, and D-Wave Quantum up by over 1.5% [1] Company Performance - SEALSQ Corp (LAES.US) saw a price increase of over 19%, indicating strong market interest and potential investor confidence [1] - Rigetti Computing (RGTI.US) rose by more than 6%, approaching historical highs, suggesting a positive trend in its stock performance [1] - D-Wave Quantum (QBTS.US) experienced a gain of over 1.5%, reflecting a stable interest in its offerings within the quantum computing sector [1]

Core Viewpoint - Quantum computing stocks experienced significant intraday gains, indicating strong market interest and potential bullish sentiment in the sector [1] Group 1: Stock Performance - SEALSQ Corp (LAES.US) surged over 19%, approaching historical highs [1] - Rigetti Computing (RGTI.US) increased by more than 6%, nearing its historical peak [1] - D-Wave Quantum (QBTS.US) saw a rise of over 1.5% [1]

Core Insights - Rigetti Computing Inc is making significant strides towards its goal of developing a 1,000+ qubit, error-corrected quantum system, having secured $21 million in contracts for 2025 [1][6] - The company emphasizes the importance of its proprietary chiplet architecture and in-house foundry, Fab-1, in achieving high qubit counts and fidelity [5][6] Company Progress - The $21 million contracts are seen as key milestones that demonstrate tangible progress in Rigetti's ambitious four-year revenue roadmap [3][4] - CEO Subodh Kulkarni noted that there is no single factor driving progress, but rather a combination of efforts from a highly skilled team [2][4] Technology and Innovation - Rigetti's chiplet architecture has been validated, and the company is confident that its planned 100+ qubit system for the end of 2025 will maintain high fidelity [5][6] - Fab-1 is positioned to support R&D efforts necessary to meet the expected qubit counts and fidelity [6] Financial Contracts - The contracts include various deals such as two Novera systems totaling approximately $5.7 million, a $5.8 million AFRL contract, and a £3.5 million consortium for deploying a 36-qubit system [8]

Core Viewpoint - Analysts may be underestimating the potential of certain quantum AI stocks, presenting a contrarian investment opportunity as Wall Street may not fully recognize their value [1][2]. Company Summaries Alphabet - Alphabet is the largest communication services stock globally and the fourth-largest across all sectors, known for its Google ecosystem and a leader in quantum computing through its Google Quantum AI unit [3]. - Despite a recent surge in stock performance, analysts predict a decline in momentum, with the consensus 12-month price target below the current share price; however, 54 out of 65 analysts rated it as a buy or better, indicating strong potential [4]. - The impact of Google Quantum AI on stock performance is expected to be minimal in the next 12 months, but AI technologies not reliant on quantum computing are anticipated to drive significant revenue growth for Google Cloud [5]. IonQ - IonQ focuses entirely on quantum computing and AI, achieving significant milestones such as improved classification accuracy in large language models [6]. - Following a strong performance in early 2025, IonQ's stock has surged, but analysts predict a decline, with the consensus 12-month price target significantly below the current share price [7]. - Despite concerns over profitability and a high price-to-sales ratio of 303, six out of eight analysts rated IonQ as a buy or strong buy, reflecting confidence in its technology and strategic acquisitions [8][9]. Rigetti Computing - Rigetti gained attention for reducing its two-qubit gate error rate and launching the Cepheus 1-36Q, the largest multichip quantum computer [10]. - The company has performed well in the quantum computing sector, but analysts expect a downturn, with the average 12-month price target nearly 50% below the current share price [11]. - All three analysts covering Rigetti recommend buying the stock, despite lower price targets, and the company is positioned to benefit from advancements in quantum computing and AI [12].

Core Insights - Rigetti Computing (RGTI) has secured purchase orders totaling approximately $5.7 million for two 9-qubit Novera quantum computing systems, indicating a significant advancement in commercial traction for its hardware [1][6] - The orders are from an Asian technology manufacturer and a California-based AI startup, with deliveries expected in the first half of 2026, reflecting increasing global interest in small-scale, upgradeable quantum systems [1][6] Company Developments - The Novera platform utilizes Rigetti's Ankaa-class architecture, featuring a 9-qubit processor designed for high-fidelity operations, and includes advanced control systems and integration support for quantum research [2] - The recent orders validate Rigetti's Fab-1 manufacturing model and modular system design, positioning the company favorably in the expanding quantum R&D hardware market [2][6] Peer Updates - D-Wave Quantum has launched its Advantage2 system, enhancing qubit connectivity and coherence, and is expanding developer access with new hybrid toolkits [3] - Quantum Computing Inc. has shipped its first commercial entangled photon source to a research institution in South Korea, marking a significant step in its market transition [4] Financial Performance - RGTI shares have increased by 187.7% year-to-date, significantly outperforming the industry average growth of 18.7% [5] - Rigetti's current price-to-book ratio stands at 25.73, which is above the industry average, and the company has a Value Score of F [8] - The Zacks Consensus Estimate for Rigetti's 2025 earnings suggests an 86.1% increase compared to the previous year [10]

Rigetti Computing Inc. (NASDAQ:RGTI) is sitting on a war chest of roughly $571 million. Still, investors are left wondering: Is this enough to push the company to quantum advantage, or merely a pause before the next fundraising round? In an exclusive email interview, CEO Subodh Kulkarni told Benzinga that the company has "sufficient cash resources to meet our anticipated operating cash needs for at least the next 12 months, and most likely for a much longer period of time."Track RGTI stock here.That confide ...

Company Overview - Rigetti Computing, Inc. (RGTI) shares increased by 5.3% to $43.91 in the last trading session, with a notable trading volume and a total gain of 175.3% over the past four weeks [1][2]. Recent Developments - The recent surge in RGTI shares is linked to the announcement of $5.7 million in commercial purchase orders for its 9-qubit Novera quantum systems, indicating strong demand from an Asian technology manufacturer and a U.S. national laboratory [2]. - This milestone reflects Rigetti's progress in the commercialization of its quantum technology and aligns with the growing interest in quantum tech from both government and private sectors [2]. Financial Expectations - The company is projected to report a quarterly loss of $0.05 per share, which is a 37.5% improvement year-over-year, with expected revenues of $2.39 million, marking a 0.4% increase from the previous year [3]. - The consensus EPS estimate for the upcoming quarter has remained stable over the last 30 days, suggesting that stock price movements may be influenced by trends in earnings estimate revisions [4]. Industry Context - Rigetti Computing is categorized under the Zacks Internet - Software industry, where it holds a Zacks Rank of 3 (Hold) [5]. - In comparison, another company in the same industry, Flywire (FLYW), experienced a decline of 5.9% to $12.68, with a return of 1.9% over the past month [5][6].