Should You Buy Rigetti Computing Stock Before Nov. 11?

Core Insights - Investor enthusiasm for leading quantum computing companies, particularly Rigetti Computing, has increased significantly over the past year, with Rigetti's shares more than doubling in value [1][3] - An upcoming earnings report on November 11 could introduce volatility in Rigetti's stock price, which has risen 182% since its Q2 earnings report in August [1][4][6] Company Performance - Rigetti's revenue fell 41% year over year to $1.8 million, indicating that the stock's rise is not supported by revenue growth but rather by advancements in quantum computing technology [4][6] - The company has made notable progress in reducing computational error rates with its multi-chip quantum computer, Cepheus-1-36Q, which has halved error rates compared to the previous Ankaa-3 system [5][6] Market Sentiment - Rigetti's stock price is currently driven more by market sentiment than by actual financial results, making it difficult to predict how the stock will react to the upcoming Q3 earnings report [6][8] - Updates on Rigetti's advancements in preparing its quantum computing technology for commercialization are deemed more critical than the revenue figures reported [8]