Why Rigetti Computing Stock Keeps Going Up

Core Viewpoint - Rigetti Computing's stock experienced an 11.5% increase, attributed to recent sales announcements despite broader market uncertainties [1][5]. Company Overview - Rigetti Computing positions itself as a pioneer in full-stack quantum computing, offering on-premises quantum computing systems with qubit counts ranging from 24 to 84 [3]. - The company recently announced the sale of two 9-qubit Novera quantum computing systems, with one buyer being an Asian technology manufacturing company and the other a California-based applied physics and AI start-up [3]. Financial Performance - The total revenue from the recent sales is projected at $5.7 million, which is significant given that Rigetti's total sales over the past 12 months were only $7.9 million [3][5]. - The recent sales announcement represents approximately 72% of Rigetti's annual revenue stream [3]. Future Outlook - Rigetti's CEO expressed optimism regarding the increasing demand for on-premises quantum computing systems as the industry matures [6]. - The two quantum computers sold are expected to deliver in the first half of 2026, potentially allowing Rigetti to double its sales or better in that year [6].