SUQIAN, CHINA - DECEMBER 12: In this photo illustration, a logo of Google's quantum chip Willow is ... [+] displayed on a smartphone screen on December 12, 2024 in Suqian, Jiangsu Province of China. (Photo illustration by VCG/VCG via Getty Images)VCG via Getty ImagesRigetti Computing (NASDAQ: RGTI), a quantum computing company, saw its stock plunge 45% on Wednesday, January 8. This move came after the Nvidia CEO – Jensen Huang – stated that useful quantum computing is still 20 years away. The decline was se ...

Shares of quantum computing company Rigetti Computing (RGTI -47.80%) were up a mind-blowing 400.3% during December, according to data provided by S&P Global Market Intelligence. The company updated its roadmap in November, which seems to have served as an early catalyst. Then on Dec. 9, Alphabet's Google announced a quantum breakthrough that exhilarated the investing community about the potential of quantum computing generally.Therefore, there truly have been developments in the world of quantum computers, ...

The quantum computing revolution promises to solve previously impossible computational problems, potentially transforming everything from drug discovery to financial modeling. As investors seek exposure to this emerging technology, Rigetti Computing (RGTI 2.58%) has emerged as a compelling but highly speculative option. The Berkeley-based quantum computer maker has seen its stock surge an astronomical 1,860% over the past six months, fueled by a marketwide uptick in all things quantum. The company stands at ...

SAN FRANCISCO, CA - SEPTEMBER 07: Rigetti Quantum Computing Founder and CEO Chad Rigetti speaks ... [+] onstage during Day 3 of TechCrunch Disrupt SF 2018 at Moscone Center on September 7, 2018 in San Francisco, California. (Photo by Steve Jennings/Getty Images for TechCrunch)Getty Images for TechCrunchShares of Rigetti Computing — a Berkeley, Calif.-based provider of full-stack quantum computing services — have risen 1,756% in the last year, according to the Wall Street Journal.This raises many questions: ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Core Insights - Rigetti Computing has launched its 84-qubit Ankaa-3 system, which features significant hardware redesigns for enhanced performance and fidelity in quantum computing [5][12] - The company emphasizes its leadership in superconducting quantum computing, citing advantages such as fast gate speeds and established manufacturing processes [2][5] - Rigetti has achieved notable milestones in two-qubit gate fidelity, with a median 99.0% iSWAP gate fidelity and 99.5% median fidelity for fSim gates [5][12] Financial Position - Rigetti holds approximately $225 million in cash and cash equivalents, with no debt, indicating strong financial health to support its roadmap and performance goals [2] Technological Advancements - The Ankaa-3 system incorporates a new cryogenic hardware design that improves efficiency and reduces costs per qubit, enabling scalability to thousands of qubits [6][12] - Rigetti has overhauled its qubit chip to enhance coherence and implemented a novel metal deposition method for improved qubit circuitry [6][12] - The company has developed precise control technologies and a robust calibration process to reduce error rates in quantum gate operations [6][12] Future Plans - Rigetti plans to introduce a next-generation modular system architecture and expects to release a 36-qubit system by mid-2025, followed by a system with over 100 qubits by the end of 2025 [7][8] - The Ankaa-3 system will be available through Rigetti Quantum Cloud Services and will be integrated into platforms like Amazon Braket and Microsoft Azure in early 2025 [7]

Core Insights - The rise in Rigetti Computing's stock (RGTI) is attributed to Amazon's Quantum Embark program and U.S. lawmakers' initiatives for $2.7 billion funding in quantum computing [1][2] - The global quantum computing market is valued at $1.3 billion in 2023, projected to grow at a CAGR of 32.7% to $5.3 billion by 2029, with a long-term estimate of $1.3 trillion by 2035 [2] Company Developments - Rigetti Computing is scaling its business and has an optimistic outlook, having launched a new Novera quantum processor with 9 qubits and plans to deploy an 84-qubit Ankaa-3 system [3][7] - The company has established a Quantum Cloud Services platform that integrates with traditional hardware, providing significant cost savings for clients [6] Market Position - Rigetti Computing has outperformed NVIDIA in stock growth this year, with a 495.3% increase compared to NVIDIA's 164.7% [9] - Wall Street's interest in quantum computing is increasing, with expectations for it to have a similar impact as generative AI in the upcoming year [9] Future Outlook - Management anticipates revenue growth in 2025 and beyond, following a decline this year, indicating a positive trajectory for share prices [10] - The company is addressing challenges in quantum computing, such as noise vulnerability, through new chip fabrication [10]

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

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]