Group 1 - Rigetti Computing, Inc. (NASDAQ:RGTI) experienced a significant increase in stock price, reaching an all-time high of $32.40 during intra-day trading and closing up by 10.89% at $31.46 [1][2] - Investor optimism surrounding Rigetti Computing was largely driven by Nvidia Corp.'s aggressive expansion into artificial intelligence, as Nvidia's GPUs are crucial for AI development [2] - Reports indicated that the US government is looking to update its quantum computing strategy to enhance cybersecurity capabilities and maintain US dominance in the quantum sector, positively impacting Rigetti Computing [2] Group 2 - While Rigetti Computing shows potential as an investment, there is a belief that some AI stocks may offer higher returns with limited downside risk [2] - The article suggests that there are extremely cheap AI stocks that could benefit from current market conditions, including Trump tariffs and onshoring [2]

Rigetti Computing's (RGTI) 112% surge over the past month blends quantum breakthroughs with meme stock fever. ...

Rigetti Computing Inc. RGTI has experienced a remarkable run in the past year. This volatile stock, which surged around 100% year-to-date, has skyrocketed around 3,900% in the past 12 months.This meteoric rise has attracted significant attention from investors, particularly those interested in ETFs that offer exposure to the quantum computing sector. Among these, the Tradr 2X Long RGTI Daily ETF RGTU and the Defiance Daily Target 2X Long RGTI ETF RGTX stand out due to their leveraged positions in Rigetti’s ...

Core Insights - The Trump administration's renewed focus on quantum policy through executive actions and the potential reauthorization of the National Quantum Initiative Act (NQIA) could significantly benefit both dedicated quantum firms and major tech companies investing in this sector [1][2]. Quantum Industry Developments - The White House is preparing up to three executive orders aimed at quantum information sciences and the transition to post-quantum cryptography (PQC), extending the momentum from the 2018 NQIA which expired in 2023 [2]. - Government mandates for PQC migration and increased R&D funding are expected to accelerate the adoption of quantum technologies, moving startups from research phases to practical applications [3][10]. Major Players in Quantum Technology - Companies like IBM, Google, and NVIDIA are already heavily invested in quantum technology, and the new directives validate their strategies, enhancing procurement pipelines and positioning them as key providers for a government-led quantum transition [5]. - IBM announced plans for the "Quantum Starling," a fault-tolerant system targeted for 2029, while Google introduced its Willow quantum chip, aiming for commercial applications within five years [6]. Stock Performance and Market Sentiment - Quantum-related stocks have seen a significant rally, with the Defiance Quantum ETF (QTUM) gaining 12.2% month-to-date as investors anticipate stronger federal support and faster adoption cycles [7]. - D-Wave reported an 83% year-over-year increase in APAC bookings, with its Advantage2 system now generally available, indicating strong market demand [11]. Company-Specific Insights - IonQ has expanded through acquisitions, targeting 2 million physical qubits by 2030, positioning itself to benefit from government PQC mandates [13]. - Rigetti has made advancements in its modular multi-chip systems and aims to deliver over 100 qubits by year-end, enhancing its potential for government contracts [15]. - D-Wave and IonQ both carry a Zacks Rank 3, with expected earnings growth of 68% and 37.88% respectively for 2025, alongside significant revenue increases [12][14].

Core Insights - Google introduced a quantum computing chip named Willow, which can perform a computation in under five minutes that would take today's fastest supercomputers 10 septillion years [1] - The announcement led to a significant increase in Alphabet's stock price, with GOOGL rising over 5% on December 10, and sparked a rally in quantum computing stocks [3] Group 1: Quantum Computing Overview - Quantum computing differs from traditional computing by using qubits that can exist in multiple states simultaneously, known as "superposition" [4] - The interconnectedness of qubits through entanglement enhances the computational power of quantum computers [4] - The potential economic value of large-scale quantum computing is estimated to reach $850 billion by 2040 [5] Group 2: Investment Opportunities - Investment in quantum computing can be approached through large-cap technology stocks like Google, Nvidia, Microsoft, and IBM, although their revenue from quantum computing may be limited due to other revenue streams [5] - Emerging pure-play companies in quantum computing include Rigetti Computing, IonQ, and D-Wave Quantum, which are publicly traded and focused on quantum technology [6] Group 3: Company Profiles - **Rigetti Computing**: Founded in 2013, it has deployed 17 quantum systems and reported a second-quarter revenue of $1.8 million, down from $3.1 million a year ago, with a net loss of $39.7 million [9][10] - **IonQ**: Co-founded in 2015, it has over 600 patents and reported second-quarter revenue of $20.7 million, up from $11.7 million a year ago, with a projected acquisition of Oxford Ionic [13][15][16] - **D-Wave Quantum**: Established in 1999, it reported a 42% year-over-year revenue growth in the second quarter and has a cash balance exceeding $800 million [19][21] Group 4: Market Trends and ETFs - The quantum computing market is volatile, with significant fluctuations in stock prices, as highlighted by Nvidia CEO's comments on the timeline for effective quantum computers [24][25] - For risk-averse investors, the Defiance Quantum ETF (QTUM) offers exposure to quantum computing, including holdings in Rigetti and D-Wave, as well as large-cap stocks like Palantir and Intel [26][27]

Key Points Rigetti Computing is a leader in the quantum computing space. Rising long-term U.S. Treasury yields seemed to knock many stocks down earlier today. However, Rigetti also received a significant price target hike from a Wall Street analyst. 10 stocks we like better than Rigetti Computing › Shares of Rigetti Computing (NASDAQ: RGTI) traded close to 11% down earlier today before recouping much of those losses. As of 11:42 a.m. ET today, the stock traded close to 2% higher. Rising U.S. Trea ...

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]