Shares of Rigetti Computing (RGTI -8.98%) have taken quite a ride, down 61% from their 52-week high yet still up a spectacular 362% over the past year. In some ways, that extreme volatility mirrors the quantum systems the company aims to harness, where particles exist in multiple states, defined by superposition, entanglement, and intrinsic uncertainty.These aren't just theoretical concepts. Recent advances in quantum technology have paved the way for practical commercial applications that Rigetti is well p ...

Rigetti Computing (RGTI -8.98%), one of a group of high-flying quantum computing stocks, took a dive last month as a combination of news items and macroeconomic concerns weighed on the stock.Shares of Rigetti, which currently has negligible revenue, have soared in recent months on investor excitement over quantum computing, but the stock remains a speculative play. Because of that, the stock is highly volatile, so it wasn't surprising that it didn't take much for the stock to fall 36% last month, according ...

Company Overview - Rigetti Computing, Inc. is a pioneer in full-stack quantum computing, operating quantum computers over the cloud since 2017 [2] - The company serves global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform [2] - In 2021, Rigetti began selling on-premises quantum computing systems with qubit counts between 24 and 84 qubits [2] - The company's 9-qubit Novera™ QPU was introduced in 2023, designed for high-performance, on-premises use [2] - Rigetti has developed the industry's first multi-chip quantum processor for scalable quantum computing systems [2] - The company designs and manufactures its chips in-house at Fab-1, the first dedicated and integrated quantum device manufacturing facility [2] Upcoming Events - Rigetti CEO, Dr. Subodh Kulkarni, will participate in a fireside chat at the Cantor Global Technology Conference on March 12, 2025 [1] - The event will be webcast live from 8:40 AM to 9:15 AM ET, with a replay available for 180 days [1]

Rigetti Computing (RGTI) is set to report fourth-quarter 2024 results on March 5.The Zacks Consensus Estimate for fourth-quarter revenues is currently pegged at $2.4 million, indicating a decline of 28.99% year over year. The consensus mark for earnings is currently pegged at a loss of 8 cents per share, unchanged over the past 30 days. The figure indicates a 11.11% increase from the year-ago quarter’s reported figure.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Let’s see how thing ...

Group 1: Industry Overview - Major technological breakthroughs, such as generative AI, can create trillions in shareholder value over time, with OpenAI's ChatGPT being a notable example [1] - Quantum computing is identified as a potential opportunity, with estimates suggesting it could generate up to $850 billion in economic value annually by 2040 according to Boston Consulting Group [4] - Quantum computing has the capability to solve complex problems much faster than traditional computers, making it valuable in fields like materials science and drug discovery [3] Group 2: Company Profile - Rigetti Computing - Rigetti Computing has seen its shares increase by approximately 400% over the last 12 months, indicating strong market interest [2] - The company focuses on hardware development in quantum computing and has created a platform called Quantum Cloud Services (QCS) to provide remote quantum computing power [6] - Rigetti's QCS offers clients a way to access quantum computing capabilities without the need for in-house infrastructure, potentially saving costs [7] Group 3: Financial Performance - Rigetti's revenue fell by 23% year over year to $2.4 million in the third quarter, with operating losses reaching $17.3 million, which is seven times its sales [8] - Research and development expenses accounted for 69% of Rigetti's operating expenses, totaling $12.8 million out of $18.6 million [8] - The company is facing challenges in achieving profitability and may rely on equity dilution to fund operations, which could negatively impact its stock price [10]

Core Insights - Rigetti Computing has entered a strategic collaboration with Quanta Computer to advance superconducting quantum computing technologies [1][2][4] - Both companies will invest over $100 million each over the next five years, with Quanta also committing to a $35 million investment in Rigetti [2][4] - The quantum computing market is projected to grow to $1-2 billion annually by 2030, with superconducting qubits offering advantages such as fast gate speeds and established manufacturing techniques [3][5] Company Overview - Rigetti Computing is a pioneer in full-stack quantum computing, operating quantum computers via the cloud since 2017 and offering on-premises systems with qubit counts between 24 and 84 [5] - The company has developed the first multi-chip quantum processor for scalable systems and manufactures its chips in-house at its dedicated facility [5] - Quanta Computer is a leader in notebook manufacturing and cloud computing solutions, with FY2024 revenues of $43 billion and a workforce of approximately 60,000 [6]

Group 1 - Rigetti Computing (RGTI) is currently one of the most popular stocks in the quantum computing market [1] - The stock prices referenced were from the afternoon of February 21, 2025 [1] - The video discussing this stock was published on February 23, 2025 [1]

Group 1 - Rigetti Computing, Inc. will release its fourth quarter 2024 results on March 5, 2025, after market close [1] - A conference call to discuss the financial results and business operations will take place at 5:00 p.m. ET on the same day [1] - The company has provided links for both the live webcast and participant registration for the call [2][3] Group 2 - Rigetti is a pioneer in hybrid quantum-classical computing and has been operating quantum computers over the cloud since 2017 [4] - The company serves global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform [4] - Rigetti has introduced various quantum computing systems, including the 9-qubit Novera™ QPU in 2023, designed for high-performance on-premises use [4] - The company has developed the industry's first multi-chip quantum processor for scalable quantum computing systems and manufactures its chips in-house at Fab-1 [4]

Core Viewpoint - Rigetti Computing (RGTI) shares are currently overvalued, indicated by a Value Score of F, with a forward 12-month price/sales (P/S) ratio of 116.46X, significantly higher than its median of 94.39X and the Zacks Computer and Technology sector's 6.53X [1]. Group 1: Stock Performance - RGTI's shares have surged 82.2% over the past month, outperforming the Zacks Internet - Software industry's return of 3.8% and the broader Zacks Computer & Technology sector's growth of 2.6% [4]. - RGTI has outperformed its peer, D-WAVE QUANTUM (QBTS), which gained 392% over the past month, attributed to RGTI's expanding clientele and growing influence in the quantum computing space [6]. Group 2: Quantum Computing Advancements - RGTI has made significant advancements in quantum computing, including the successful demonstration of 9-qubit chips with 99.4% median 2-qubit gate fidelity and plans to release a 36-qubit system by mid-2025 [7]. - In December 2024, RGTI launched its 84-qubit Ankaa-3 quantum computer, featuring a hardware redesign that enhances performance and scalability, with a median 99% iSWAP gate fidelity and 99.5% fSim fidelity [8]. - RGTI's multi-chip architecture development positions the company at the forefront of the quantum computing industry, enhancing its capabilities as the market evolves [9]. Group 3: Strategic Partnerships - RGTI's partnerships with Riverlane, NVIDIA, and Quantum Machines have been crucial for its growth, establishing the company as a key player in the rapidly evolving quantum computing space [10]. - Collaboration with Quantum Machines has led to the successful application of artificial intelligence to automate the calibration of its 9-qubit Novera QPU, achieving high gate fidelities [11]. - Rigetti's partnership with Riverlane has resulted in the demonstration of real-time and low-latency quantum error correction on its 84-qubit Ankaa-2 system, enhancing fault tolerance in quantum computing [12]. - Collaborations with academic and industry leaders, such as the UK's National Quantum Computing Centre and the Israeli Quantum Computing Center, provide access to advanced research facilities and expertise [13]. Group 4: Financial Outlook - The Zacks Consensus Estimate for 2025 revenues is projected at $15.32 million, indicating a year-over-year increase of 40.29% [14]. - The consensus mark for 2025 loss per share is pegged at 28 cents, reflecting a year-over-year increase of 17.65% [14]. Group 5: Market Challenges - Despite advancements, RGTI faces challenges from macroeconomic uncertainties and intense competition in the quantum computing market, negatively impacting top-line growth [15]. - Concerns raised by industry leaders, including Meta CEO Mark Zuckerberg and NVIDIA CEO Jensen Huang, about the near-term practical applications of quantum computing have contributed to a market downturn affecting Rigetti [16].

Core Viewpoint - The collaboration between QphoX, Rigetti Computing, and Qblox has successfully demonstrated the ability to readout superconducting qubits using an optical transducer, marking a significant advancement in quantum computing technology [1][4][5]. Group 1: Quantum Computing Potential - Quantum computing is poised to revolutionize various fields, including advanced material design, artificial intelligence, and drug discovery [2]. - Superconducting qubits are a leading platform for practical quantum computers due to their fast gate speeds and compatibility with existing semiconductor manufacturing techniques [2]. Group 2: Technical Challenges and Solutions - Achieving fault-tolerant quantum computing may require between 10,000 to 1 million physical qubits, which presents significant challenges in terms of wiring and cooling systems [2]. - A proposed solution involves replacing traditional coaxial cables with optical fibers, which have a smaller footprint and lower thermal conductivity [3]. Group 3: Microwave-to-Optical Transduction - QphoX has developed piezo-optomechanical transducers that convert microwave signals to optical signals, facilitating the integration of superconducting qubits with fiber-optic technology [3][4]. - The recent research indicates that the transducer not only effectively reads out qubit states but also protects the qubit from decoherence caused by thermal noise and stray optical photons [4][5]. Group 4: Industry Collaboration and Future Directions - The collaboration among QphoX, Rigetti, and Qblox exemplifies the importance of partnerships in addressing engineering challenges in quantum computing [6][7]. - The successful demonstration of microwave-to-optical transduction is seen as a crucial step towards scalable quantum computing, with plans for further development and scaling of this technology [7]. Group 5: Company Profiles - QphoX specializes in quantum transduction systems that enable quantum computers to communicate over optical frequencies, leveraging advancements in photonic and superconducting device fabrication [8]. - Rigetti is a pioneer in full-stack quantum computing, offering cloud-based quantum computing services and on-premises systems with qubit counts ranging from 24 to 84 [9][10]. - Qblox focuses on scalable qubit control stacks and has grown to over 130 employees, supporting both academic and industrial labs in the quantum sector [11].