Group 1 - Quantum computing has emerged as a strong investment theme over the past year, with expectations for continued growth [1] - The excitement in the sector was initially driven by Alphabet's announcement of Willow, a high-performance computing chip [1] - Investors have shown significant interest, leading to substantial stock price increases for companies like Rigetti Computing (RGTI) and D-Wave Quantum (QBTS) [2][10] Group 2 - Rigetti Computing (RGTI) is a pioneer in full-stack quantum computing, operating quantum computers over the cloud since 2017 and serving various clients through its Quantum Cloud Services platform [4] - RGTI's shares increased significantly after securing important government-funded projects in the U.S. and U.K. [4] - D-Wave Quantum (QBTS) is recognized as a leader in quantum computing systems and was the first commercial supplier of quantum computers, providing applications across various industries [5][10] Group 3 - The technology from D-Wave has been utilized by major organizations, including Mastercard and Lockheed Martin, showcasing its practical applications [6] - Both RGTI and QBTS are considered strong options for investors seeking exposure to quantum computing [8][10] - The trend in quantum computing is expected to remain robust as companies continue to explore and unlock the technology's potential [10]

Core Insights - Rigetti Computing has completed sales of $350 million in gross proceeds from its common stock through an at-the-market equity offering program, bringing its total cash, cash equivalents, and available-for-sale investments to approximately $575 million with no debt [1] - The company plans to utilize the proceeds primarily for working capital, capital expenditures, and general corporate purposes, with potential future investments in strategic collaborations, acquisitions, or partnerships [1] Company Overview - Rigetti Computing is a pioneer in full-stack quantum computing, operating quantum computers over the cloud since 2017 and serving a diverse clientele including global enterprises, government, and research institutions through its Rigetti Quantum Cloud Services platform [2] - The company began selling on-premises quantum computing systems in 2021, featuring qubit counts ranging from 24 to 84, and introduced its 9-qubit Novera QPU in 2023 to support the R&D community [2] - Rigetti has developed the industry's first multi-chip quantum processor for scalable quantum computing systems and manufactures its chips in-house at Fab-1, the first dedicated and integrated quantum device manufacturing facility [2]

BERKELEY, Calif., May 12, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced its financial results for the first quarter ended March 31, 2025. First Quarter 2025 and Recent Financial Highlights Total revenues for the three months ended March 31, 2025 were $1.5 millionTotal operating expenses for the three months ended March 31, 2025 were $22.1 millionOperating loss for the three months ended March ...

Rigetti is a pioneer in full-stack quantum computing. The Company has operated quantum computers over the cloud since 2017 and serves global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform. In 2021, Rigetti began selling on-premises quantum computing systems with qubit counts between 24 and 84 qubits, supporting national laboratories and quantum computing centers. Rigetti's 9- qubit Novera™ QPU was introduced in 2023 supporting a broader R&D community with a ...

BERKELEY, Calif., April 30, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, announced today that it has closed the previously announced investment by Quanta Computer Inc. (“Quanta”, TWSE: 2382.TW) related to their strategic collaboration agreement. In connection with the closing, Quanta purchased approximately $35 million of shares of Rigetti common stock at approximately $11.59 per share. “We are pleased to t ...

BERKELEY, Calif., April 28, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (Nasdaq: RGTI), a pioneer in hybrid quantum-classical computing, announced today that it will release first quarter 2025 results on May 12, 2025 after market close. The Company will host a conference call to discuss its financial results and provide an update on its business operations at 5:00 p.m. ET the same day. Key details regarding the call are as follows: Call Date: Monday, May 12, 2025Call Time: ...

Rigetti continues to support the U.S. Government's commitment to maintaining quantum computing leadership and advancing the field. Rigetti was recently selected to participate in DARPA's Quantum Benchmarking Initiative, which aims to determine if any approach to quantum computing can achieve utility-scale operation by 2033. Rigetti devices that have been manufactured leveraging ABAA show a reduction in two-level systems (TLSs). TLSs are defects in a qubit's material that impact qubit performance by pulling ...

As quantum computing edges closer to real-world applications, investors are starting to focus on the companies building the future of computational power. Rigetti Computing (RGTI) and IonQ (IONQ) are two notable contenders in this space, each bringing a distinct technological approach and business strategy to the table.These early-stage companies offer high-risk, high-reward potential in a game-changing tech sector. As both companies ramp up commercialization and target government and enterprise contracts, ...

BERKELEY, Calif., April 03, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (NASDAQ:RGTI) ("Rigetti" or the "Company"), a pioneer in full-stack quantum-classical computing, announced today that it was selected to participate in the Defense Advanced Research Projects Agency (DARPA) Quantum Benchmarking Initiative (QBI). The primary goal of QBI is to determine if any approach to quantum computing can achieve utility-scale operation by 2033. QBI will use a multi-stage approach, Stages A, B, and C, to assess t ...