Investment Rating - The industry investment rating is "Positive" and maintained [7] Core Viewpoints - The agreement on the "Technology Prosperity Agreement" between the UK and the US marks a new phase of cooperation in key emerging technologies, including AI and quantum technology, with over £31 billion committed by tech giants like Microsoft, NVIDIA, Google, and OpenAI to enhance AI infrastructure and quantum technology in the UK [2][4] - The agreement is expected to accelerate the development of quantum technology, suggesting a focus on the entire quantum technology supply chain, particularly leading companies in quantum computing and quantum communication [2][4] Summary by Relevant Sections Event Description - On September 16, the UK and the US reached an agreement on the "Technology Prosperity Agreement," indicating a generational cooperation in AI, quantum technology, and nuclear energy [4] Event Commentary - The agreement is anticipated to drive significant investment in quantum technology, with major companies like NVIDIA and Microsoft committing substantial resources to enhance the UK's AI and quantum computing capabilities [9] - The collaboration will elevate quantum technology to a national strategic level, emphasizing its importance in national security and economic prosperity [9] - The agreement is likely to lead to a multi-billion dollar investment in quantum technology, with specific commitments from major tech firms to develop advanced computing infrastructure [9]

Core Insights - Rigetti Computing's stock experienced a significant increase of 49.4% this week, outperforming the S&P 500 and Nasdaq Composite, which rose by 1.2% and 2.2% respectively [1][2]. Group 1: Market Influences - The stock's surge was partly attributed to the Federal Reserve's decision to cut the benchmark interest rate by 25 basis points, which typically creates a favorable environment for speculative stocks [4]. - Fed Chair Jerome Powell indicated that further rate cuts may be forthcoming, potentially supporting additional gains for Rigetti and similar stocks [4]. Group 2: Company Developments - Rigetti Computing secured a $5.8 million contract with the Air Force Research Laboratory (AFRL) to advance quantum-computing technologies over a three-year period, in collaboration with QphoX [5]. - The recent contract with AFRL is seen as a positive indicator for Rigetti, suggesting potential growth in government and military investments in quantum technology [6]. Group 3: Industry Context - The quantum computing sector, including Rigetti, received a boost from reports that the Trump administration is considering executive orders to support the development of quantum technology [6].

A new federal contract is driving this quantum stock higher.Shares of Rigetti Computing (RGTI 15.40%) are rising on Friday, up 15.4% as of 2:59 p.m. ET. The jump comes as the S&P 500 and the Nasdaq Composite gained 0.3% and 0.4%, respectively.The quantum computing stock continues to ride momentum from a federal contract win announced yesterday.Rigetti secures $5.8 million Air Force dealThe company announced that it has secured a $5.8 million, three-year contract from the Air Force Research Laboratory, focus ...

Company Overview - Rigetti Computing, Inc. (RGTI) shares increased by 12.5% to close at $24.74, with a significant trading volume compared to normal sessions, and a total gain of 49% over the past four weeks [1] - The company is securing new contracts, including a $5.8 million deal with the Air Force and collaboration with India's CDAC, enhancing its client base and growth potential [1] Financial Performance - Rigetti Computing is projected to report a quarterly loss of $0.05 per share, reflecting a year-over-year improvement of 37.5%, with expected revenues of $2.39 million, a slight increase of 0.4% from the previous year [2] - The consensus EPS estimate for Rigetti has remained stable over the last 30 days, indicating that stock price movements may not sustain without earnings estimate revisions [3] Industry Context - Rigetti Computing operates within the Zacks Internet - Software industry, where another company, BILL Holdings, has also shown positive performance, closing 1.3% higher at $52.59 and achieving a 24.7% return in the past month [3] - BILL Holdings has seen a significant change in its EPS estimate, dropping by 58.5% over the past month to $0.51, which is a 19.1% decrease from the previous year [4]

Group 1 - Rigetti Computing, Inc. (RGTI) shares have experienced significant upward movement, making it the Stock of the Day [1] - The stock is currently considered extremely overbought, indicating a potential reversal may be imminent [1] - Overbought conditions are typically identified through various indicators, including Bollinger Bands, Relative Strength Momentum Indicator (RSI), and Stochastics Indicators [5][6] Group 2 - The Bollinger Band indicates that Rigetti has exceeded the threshold of two standard deviations above the 20-day moving average, suggesting overbought conditions [5] - The RSI shows that the stock is in overbought territory, as the blue line is above the red horizontal line [6] - Stochastics Indicators also confirm overbought conditions, with both blue and green lines above the horizontal red line [6]

Core Viewpoint - The quantum computing sector in the US stock market experienced a significant rally, driven by the announcement of a joint US-UK benchmarking working group aimed at accelerating advancements in quantum computing standards [1] Group 1: Market Reaction - Quantum computing stocks surged, with Quantum Computing (QUBT.US) rising by 21%, Rigetti Computing (RGTI.US) increasing by over 9%, and IonQ Inc gaining more than 4% [1] - The most notable increase was seen in Quantum Machines (QMCO.US), which jumped over 34% [1] Group 2: Strategic Developments - The US and UK announced the formation of a benchmarking working group on September 18, focusing on hardware, software, and algorithm testing in quantum computing [1] - This initiative is viewed as a crucial step towards the practical application of quantum computing and aims to enhance collaboration in technology standard-setting between the two nations [1]

Group 1: Quantum Computing Overview - Quantum computers represent the next innovation in computing, utilizing qubits instead of traditional bits to process data more efficiently and solve complex calculations [2][6] - The potential applications of quantum computing include the development of more effective drug treatments and new sources of clean energy [3] Group 2: Market Performance and Investment Potential - A small group of quantum computing stocks has seen significant market success, with some stocks, like Rigetti Computing, achieving returns over 20 times their initial investment in the past year [5][6] - Rigetti Computing announced a 36-qubit system with a 99.5% median two-qubit gate fidelity, indicating progress in the accuracy of its quantum systems [4][6] - An investment of $1,500 in Rigetti a year ago would have grown to $36,500, highlighting the phenomenal returns in this sector, despite Rigetti still operating at a loss and having a market cap of nearly $6.5 billion [7]

Core Insights - The quantum computing sector is experiencing significant growth, with companies like IonQ, Rigetti Computing, and D-Wave Quantum leading the charge [2][3][14] - Recent developments in these companies indicate a strong upward momentum, with IonQ acquiring Oxford Ionics, D-Wave reporting an 80% increase in bookings, and Rigetti securing a $5.8 million contract from the Air Force [5][6][7] - Despite the recent rallies, the overall market capitalization of the quantum sector remains relatively small, estimated at $35–40 billion, compared to other emerging industries like the non-Tesla EV sector [8][9] Company Developments - IonQ has completed its acquisition of Oxford Ionics, enhancing its technological capabilities and expanding its global presence [5] - D-Wave Quantum announced strong new bookings in the Asia-Pacific region, reflecting a year-over-year growth of over 80% [6] - Rigetti Computing received a $5.8 million contract from the Air Force Research Laboratory to advance superconducting quantum networking technologies [7] Market Context - The quantum computing industry, while growing rapidly, is still in its early stages compared to other sectors, indicating potential for further expansion as commercialization progresses [3][9] - The combined market cap of publicly traded quantum computing companies is significantly lower than that of individual companies in the EV sector during its peak hype cycle [8][9] Technical Analysis - The recent rallies in quantum stocks have been remarkable, with strong retail interest driving momentum [11] - A cautious approach is suggested for new investors, recommending patience for a potential pullback or consolidation phase before entering the market [12][14]

Welcome back to NextGen Investing. It's time to discuss the latest under 30 name. Today being Regetti Computing, which is having a pretty nice session alongside a lot of the strength we're seeing in quantum, but with its own specific story today.So joining us now is George Telus, senior markets correspondent for the network. So George, walk us through this deal because the Air Force Research Laboratory is where we're seeing the the strength today, but also again broader quantum strength across the board. Ye ...

Core Insights - The quantum computing sector is rapidly moving towards commercialization, driven by major breakthroughs and increasing government support, although it remains small compared to the broader market [2][10] - Recent developments from leading companies in the quantum space, such as IonQ, D-Wave Quantum, and Rigetti Computing, highlight both growth and speculative nature of the sector [4][5][6] Company Developments - IonQ completed the acquisition of Oxford Ionics, enhancing its technological roadmap and expanding its international presence [4] - D-Wave Quantum reported over 80% year-over-year growth in bookings following its Qubits Japan 2025 conference, indicating strong global demand for its systems [5] - Rigetti Computing secured a $5.8 million contract from the Air Force Research Laboratory to advance superconducting quantum networking, showcasing government investment in quantum infrastructure [6] Market Perspective - The combined market capitalization of publicly traded quantum computing companies is approximately $35–40 billion, significantly smaller than the non-Tesla EV sector, which is valued at about $70–80 billion [9] - Historical context shows that at the peak of the EV hype cycle, companies like Rivian and Lucid had valuations exceeding the entire quantum sector, indicating that quantum is still in its early lifecycle with potential for growth [10] Technical Analysis - The recent rallies in quantum stocks have been remarkable, with the sector becoming a favorite among retail investors [11] - A prudent strategy for new investors may involve waiting for a pullback or consolidation phase before entering the market, while current holders can enjoy the momentum [12]