ZACKS·2026-01-05 18:41Core Insights - Rigetti Computing (RGTI) recognizes the need for advanced chip manufacturing capabilities to enhance quantum performance, particularly for achieving fidelities above 99.9% [1][10] - The company is exploring various strategic options, including partnerships with experienced foundries, participation in U.S. government-backed programs, and the potential development of a modern 200-300mm facility [2][10] - The need for a new fabrication facility is viewed as a strategic opportunity rather than a risk, as it could strengthen Rigetti's competitive position and improve manufacturing processes [3][4] Company Updates - Quantum Computing Inc. (QUBT) has successfully shipped its first commercial entangled-photon source to a research institution in South Korea, marking a significant step in its telecom C-band photonic platform rollout [5] - QCi is increasing manufacturing at its Tempe, AZ, foundry and expanding into quantum sensing and cybersecurity, transitioning from research to commercial execution [6] - D-Wave Quantum (QBTS) has launched its Advantage2 annealing system commercially, offering over 4,400 qubits and improved performance metrics, available to users in over 40 countries [7][8] Financial Performance - RGTI shares have increased by 71.6% over the past six months, contrasting with an 8.3% decline in the industry [9] - The company has a price-to-book ratio of 20.95, which is above the industry average, and carries a Value Score of F [11] - The Zacks Consensus Estimate indicates a projected 88.9% decline in RGTI's earnings for 2025 compared to the previous year [12]