Quantum Computing Stocks Face Grim Outlook
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
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Should l Buy RGTI?
Source: Fool
- Stock Price Retreat: Rigetti Computing shares are currently priced at $16, while D-Wave Quantum shares are at $20, and despite recent declines, both companies' valuations are severely disconnected from their actual business fundamentals, posing significant risks for investors.
- Revenue and Market Cap: Rigetti reported $7.5 million in revenue over the last 12 months with a market cap exceeding $5.3 billion, while D-Wave generated $24.1 million in sales and has a market cap above $7.2 billion, indicating both companies are deeply unprofitable.
- Uncertain Profitability Outlook: Both companies are burning cash each quarter, with their path to profitability hinging on a major breakthrough in quantum computing technology, which could take a decade or more to achieve, creating uncertainty for investors.
- Investment Advice: Given the unclear future prospects, investors are advised to consider selling these stocks before prices decline further, especially for those without a long-term investment horizon, as 2026 may not be kind to either stock.
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Analyst Views on RGTI
Wall Street analysts forecast RGTI stock price to rise
10 Analyst Rating
7 Buy
3 Hold
0 Sell
Moderate Buy
Current: 16.600
Low
30.00
Averages
39.75
High
51.00
Current: 16.600
Low
30.00
Averages
39.75
High
51.00
About RGTI
Rigetti Computing, Inc. is a full-stack quantum computing company. The Company operates quantum computers over the cloud and serves global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform. The Company’s quantum-classical infrastructure provides high-performance integration with public and private clouds for practical quantum computing. It has developed a multi-chip quantum processor for scalable quantum computing systems. Through the Company’s Quantum Computing as a Service (QCaaS) platform, its machines can be integrated into any public, private or hybrid cloud. It is also engaged in the sale of quantum processing units (QPUs) and custom computing components, and development contracts and other services. Its QPUs contain fabricated silicon-based chips featuring superconducting qubits. The Company designs and manufactures its chips in-house at Fab-1, an integrated quantum device manufacturing facility.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Stock Price Retreat: Rigetti Computing shares are currently priced at $16, while D-Wave Quantum shares are at $20, and despite recent declines, both companies' valuations are severely disconnected from their actual business fundamentals, posing significant risks for investors.
- Revenue and Market Cap: Rigetti reported $7.5 million in revenue over the last 12 months with a market cap exceeding $5.3 billion, while D-Wave generated $24.1 million in sales and has a market cap above $7.2 billion, indicating both companies are deeply unprofitable.
- Uncertain Profitability Outlook: Both companies are burning cash each quarter, with their path to profitability hinging on a major breakthrough in quantum computing technology, which could take a decade or more to achieve, creating uncertainty for investors.
- Investment Advice: Given the unclear future prospects, investors are advised to consider selling these stocks before prices decline further, especially for those without a long-term investment horizon, as 2026 may not be kind to either stock.
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- Stock Price Surge: Rigetti Computing experienced a 2.60% increase in market price as of February 9, 2026, reflecting strong performance in the speculative tech sector, although its revenue remains minimal, indicating high market expectations for future potential.
- Significant Execution Risk: Despite the stock price rally, Rigetti faces substantial execution risks, and investors must monitor its ability to effectively commercialize its technology in the coming years to avoid potential investment losses.
- Dilution Factors: The company may encounter risks of equity dilution during its expansion, which could impact the interests of existing shareholders, necessitating careful evaluation of its long-term investment value by investors.
- Key to Success by 2030: Rigetti's success will hinge on the practical application of its technology and market acceptance, with strategic execution in the coming years being critical to achieving anticipated growth.
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- Revenue Challenges: Despite Rigetti Computing's explosive rally in the speculative tech sector, its revenue remains negligible, indicating significant challenges in profitability that could undermine investor confidence moving forward.
- Dilution Risks: As the company seeks additional funding, shareholders face dilution risks that may lead to a decrease in earnings per share, potentially impacting long-term returns and the overall market perception of the company.
- Success Determinants: Analysts emphasize that Rigetti Computing's success will hinge on its technological advancements and market acceptance by 2030, necessitating the company to stay ahead in innovation and execution to achieve sustainable growth.
- Investment Caution: Although Rigetti Computing's stock performance is noteworthy, it was not included in Motley Fool's current list of top investment stocks, reflecting a cautious market sentiment regarding its future performance.
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- Confidence in Quantum Commercialization: Microsoft’s VP of Quantum, Zulfi Alam, expressed confidence during a CNBC discussion that by 2029, machines with commercial value will be available, marking a significant shift from experimental research to practical deployment that could reshape the computing industry.
- Transformation through Hybrid Systems: Alam highlighted that hybrid quantum-classical computing systems will drive the practical application of quantum technology, with data centers expected to host quantum machines capable of performing calculations beyond classical machines by the end of the decade, enhancing enterprise computing capabilities.
- Key Industry Milestones: As 2030 approaches, investors should monitor quantum companies like IonQ, D-Wave, and Rigetti, which have made significant advancements in various quantum technology sectors, positioning themselves for potential market leadership in the future.
- Government Collaboration and Applications: Infleqtion’s quantum computers and sensor systems are already deployed with the U.S. Department of Defense, NASA, and the UK government, showcasing the practical application potential of quantum technology in government and military sectors, further bolstering industry confidence.
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- Economic Damage Projection: A report by the Citi Institute indicates that a single quantum cyberattack could result in economic damages ranging from $2.0 to $3.3 trillion, highlighting the urgent need for increased cybersecurity investments among enterprises to mitigate such risks.
- Rising Market Expenditure: Global cybersecurity spending is projected to reach $244.2 billion by 2026, as organizations face a hard deadline of 2035 for completing post-quantum migrations, driving a surge in demand for quantum security solutions to counter emerging threats.
- Platform Enhancements: Quantum Secure Encryption Corp. has recently upgraded its Quantum Preparedness Assessment platform, introducing a compliance status dashboard and risk indicators that will assist enterprises in evaluating their post-quantum cryptographic readiness, thereby optimizing internal governance decisions and enhancing market competitiveness.
- International Expansion: QSE renewed its agreement with India's Muthoot Group, covering approximately 14,000 user licenses, and entered into three-year security agreements with three Brazilian government clients, demonstrating its rapid expansion in international markets and responsiveness to the growing demand for quantum security.
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- Quantum Attack Risk: A report by the Citi Institute indicates that a single quantum cyberattack could result in economic damages ranging from $2.0 to $3.3 trillion, highlighting the vulnerability of financial institutions and prompting companies to accelerate investments in quantum security technologies to mitigate potential losses.
- Global Cybersecurity Spending: Global cybersecurity spending is projected to reach $244.2 billion by 2026, with firms facing a hard deadline of 2035 to complete post-quantum migration, driving major companies to expedite investments in post-quantum cryptography to ensure compliance and security.
- QPA Platform Enhancements: Quantum Secure Encryption Corp. has announced enhancements to its Quantum Preparedness Assessment (QPA) platform, which now features a compliance status dashboard and risk indicators, aiding enterprises in assessing and prioritizing their cryptographic risks, thereby enhancing their competitive position in the market.
- International Expansion Strategy: QSE renewed its agreement with India's Muthoot Group covering approximately 14,000 user licenses, while also signing a three-year security agreement with three Brazilian government clients, demonstrating its rapid expansion in the global market and responsiveness to the growing demand for quantum security.
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