Core Viewpoint - Rigetti Computing has experienced a significant decline in stock price, dropping 60% from its peak of $56 in October, indicating that the hype surrounding the stock may not be supported by fundamental improvements in the business [2][10]. Company Overview - Rigetti Computing is a quantum computing start-up with a current market cap of $7.8 billion and a stock price of $23.60, which has fluctuated between $5.95 and $58.15 over the past year [3]. - The company is focused on the hardware side of quantum computing, aiming to provide essential components for other enterprises to leverage this emerging technology [4][9]. Industry Context - Quantum computing is still largely theoretical, with significant advancements needed before it becomes commercially viable. Industry leaders like Alphabet and IBM estimate that practical quantum computers are still four to five years away [11]. - The potential of quantum computing lies in its ability to solve complex problems, which could lead to substantial shareholder value through applications in drug discovery, logistics, and more [4]. Financial Performance - Rigetti's third-quarter earnings report showed an 18% year-over-year revenue decline to $1.95 billion, with operating losses increasing to $20.5 billion, highlighting the challenges the company faces in covering its R&D expenses [10]. - The company's price-to-sales (P/S) ratio stands at 843, significantly higher than the S&P 500 average of 3.4, suggesting that the stock may still be overvalued [12]. Future Outlook - The timeline for quantum computing readiness is uncertain, with Rigetti likely not advancing faster than larger competitors, which raises questions about its ability to generate shareholder value in the near term [11][13]. - The company is positioned to manufacture its own chips in the U.S., which could provide political protection and opportunities similar to those of Taiwan Semiconductor Manufacturing in traditional semiconductors [6].

Key Takeaways IonQ enters 2026 with accelerating revenue growth, technical benchmarks and a strengthened balance sheet.RGTI holds about $600M cash with no debt, supporting its chiplet-based roadmap and growing deployments.IONQ & RGTI remain unprofitable, but their strong cash positions help absorb execution and adoption risks.In 2025, IonQ (IONQ) and Rigetti Computing (RGTI) gained the attention of investors tracking the rapid evolution of the quantum computing sector. Throughout the year, IonQ demonstrated ...

Core Insights - Rigetti Computing (RGTI) has a strong balance sheet with approximately $559 million in cash, which has increased to over $600 million due to warrant exercises, allowing the company to pursue its technical roadmap without immediate equity dilution or debt [1][8] Financial Position - The liquidity position of Rigetti significantly reduces near-term financial risks and supports the development of a 100+ qubit system with 99.5% fidelity and a 150+ qubit system with 99.7% fidelity targeted for 2026 [2][8] - Operating expenses rose to about $21 million in Q3, driven by increased R&D investments, including new engineering hires and higher compensation [3][8] Strategic Goals - Rigetti is targeting a 1,000+ qubit system with 99.8% fidelity by 2027, alongside advancements in chiplet architectures and hybrid-compute initiatives [3][4] - The company emphasizes that its increased spending is a targeted investment supported by its strong liquidity position, allowing for sustained R&D intensity while maintaining financial flexibility [4] Industry Comparisons - IonQ (IONQ) is expanding its technical and commercial capabilities through acquisitions, enhancing its position in scalable systems and quantum networking [5] - Arqit Quantum (ARQQ) is focusing on quantum-safe cybersecurity, gaining credibility and early commercial uptake through partnerships [6] Market Performance - Rigetti's shares have increased by 88.7% over the last six months, contrasting with a 6.3% decline in the industry [7][10] - The company has a price-to-book ratio of 19.58, which is above the industry average, and carries a Value Score of F [10] Earnings Estimates - The Zacks Consensus Estimate for Rigetti's 2025 earnings indicates an 88.9% decline from the previous year, with estimates showing a significant loss per share [12][13]

IonQ（IONQ）实现三位数营收增长并获得新融资以扩大离子阱系统规模，而Rigetti Computing （RGTI）则推进超导量子比特技术，投资者正权衡二者不同的商业化路径。 来源：环球市场播报 ...

Key Points Quantum computing stocks are among the hottest plays in the artificial intelligence (AI) industry. Pure-play developers such as Rigetti Computing are among the most popular quantum AI stocks. While Rigetti's momentum looks unstoppable, history suggests the company's valuation is unsustainable. 10 stocks we like better than Rigetti Computing › While artificial intelligence (AI) stocks performed strongly throughout 2025, one particular pocket of the AI realm sticks out from the pack: qu ...

Core Insights - Both IonQ and Rigetti Computing are significant players in the quantum computing sector, developing advanced technologies but facing substantial cash burn [1] Company Overview - IonQ utilizes a trapped-ion system for its quantum computing technology, while Rigetti employs superconducting qubits, with both targeting industries such as AI, finance, defense, cybersecurity, and manufacturing [2] - IonQ has a market capitalization of $16 billion, while Rigetti's market cap is approximately $7.4 billion [2][6] Financial Performance - IonQ's latest quarterly report showed positive results, exceeding revenue expectations and raising its full-year revenue guidance to $110 million, despite operating costs of $473 million for the first nine months of the year [4] - Rigetti reported revenue of $5.2 million for the first nine months of 2025, with operating losses of $63.4 million during the same period [7] Capital and Valuation - IonQ completed a $2 billion capital raise through new share sales, which diluted existing shareholders but was necessary for continued progress [5] - Rigetti's technology shows scalability potential, but IonQ's current valuation is considered more attractive than Rigetti's [8] Competitive Landscape - It remains uncertain which company will emerge as the leader in the quantum computing space, with IonQ being more established and having significant partnerships, while Rigetti presents a higher-risk, higher-reward investment opportunity [10]

Rigetti Computing Inc. (NASDAQ:RGTI) is one of the most active US stocks to buy according to analysts. On December 17, Wedbush initiated coverage of Rigetti Computing with an Outperform rating and $35 price target. The firm views Rigetti as a prime beneficiary of the growing quantum sector, citing its decade of expertise and focus on superconducting qubits. This specific technology leads the field in versatility and use cases, backed by heavy funding from major global players and government entities, there ...

Core Viewpoint - High valuations and uncertain business conditions are expected to negatively impact certain AI stocks over the next year, despite significant returns since the end of the 2022 bear market [1] Group 1: Palantir Technologies - Palantir Technologies has seen its stock rise nearly 33-fold from its 2022 low, driven by its Artificial Intelligence Platform (AIP) which has delivered substantial productivity gains for clients [4] - The stock is currently trading at a market cap of $450 billion, with a trailing P/E ratio just above 450 and a forward P/E of around 270, indicating potential bubble territory [5][7] - Revenue for the first nine months of 2025 increased by 51% year over year, but the stock is priced beyond perfection, raising questions about its near-term upside [8] Group 2: C3.ai - C3.ai has developed over 130 software applications for AI adoption, but has faced significant challenges, including the departure of its founder and CEO due to health issues [9][10] - The company reduced its fiscal 2026 revenue guidance from $448 million-$485 million to $290 million-$310 million, with a 20% year-over-year revenue decline in the first half of fiscal 2026 [11][12] - The stock has fallen over 60% from a year ago, trading at a P/S ratio of 5, but deteriorating financials and uncertain management direction raise concerns about its investment viability [14] Group 3: Rigetti Computing - Rigetti Computing operates in the quantum computing sector, which is crucial for next-generation AI, but faces competition from larger companies like Alphabet and IBM [15][16] - The company reported a revenue of just $5.2 million in the first nine months of 2025, a 39% decline from the previous year, and incurred a net loss of $198 million [18][19] - The stock has decreased nearly 60% from its October 2025 high, and with a price-to-book ratio of 22, it presents more risk than reward for investors [19]

Core Insights - Rigetti Computing is making significant advancements in quantum computing through new chiplet-based architectures and improved hardware fidelity, which may present a substantial investment opportunity if execution and competition are managed effectively [1] Company Developments - The company is enhancing its hardware capabilities and forming partnerships with both government and industry, indicating a strategic approach to expand its market presence [1] Market Potential - As quantum computing progresses towards practical applications, Rigetti could potentially unlock considerable upside for investors, contingent on its ability to navigate competitive challenges [1]

Should you add it to your own portfolio?Quantum computing could be the next major technological breakthrough. While many tech giants are developing quantum systems, there are also a few pure-play quantum computing companies -- and one has been getting significant attention recently.That would be Rigetti Computing (RGTI 8.55%), which develops superconducting quantum computers. Rigetti's up 61% year-to-date as of Dec. 24, and recent SEC filings show that it has been a popular investment. Asset managers have b ...