Is Rigetti Computing Stock Going to $0?

Company Overview - Rigetti Computing is a quantum computing pure play focused solely on developing quantum computing products, which presents both high potential rewards and risks of failure [4] - The company reported revenue of $1.9 million in the third quarter, with operating losses amounting to $20.5 million, indicating a significant imbalance typical for early-stage companies [4] Financial Position - As of November 6, Rigetti Computing has approximately $600 million in cash and equivalents, allowing it to sustain its current operational spending for multiple years without needing external funding [5] Competitive Landscape - The quantum computing sector is highly competitive, with Rigetti Computing facing strong rivals that have substantial funding, making the development of a commercially viable quantum computer challenging [3] - Rigetti was not selected for a significant DARPA contract after participating in an earlier trial, suggesting it is lagging behind competitors in the race for government contracts [6][7] Market Sentiment - Investors are cautious about Rigetti Computing due to its exclusion from key contracts and the competitive nature of the quantum computing field, preferring to invest in leading companies within the sector [7][8]