Core Insights - Quantum computing stocks, including Rigetti Computing, have experienced significant volatility, with Rigetti rising nearly 250% from September 1 before dropping over 35% from its peak, followed by a rebound due to U.S. government interest in investing in quantum technology [1][2] Company Overview - Rigetti Computing has sold two Novera quantum computing systems recently, totaling $5.7 million, indicating early-stage demand for quantum computers [5][6] - The company is competing in a market with strong competition from both pure-play companies and larger firms like Alphabet, all anticipating that quantum computing will become commercially viable by 2030 [6][7] Industry Trends - The quantum computing industry is still in its infancy, with no commercially viable quantum computers available yet, and most current units being used for research purposes [4] - There is a growing demand for early-stage quantum computers, as evidenced by the sales made by Rigetti, which may suggest the development of a first-mover advantage [6][7]
Prediction: This Will Be Rigetti Computing's Stock Price by 2035