Rigetti Computing Stock Surges 9.4% Amid Market Decline
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 01 2026
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Should l Buy RGTI?
Source: Yahoo Finance
- Strong Stock Performance: Rigetti Computing's share price rose 9.4% over the past week, despite the S&P 500 falling 0.4% and the Nasdaq Composite declining 1%, indicating robust market confidence in its quantum computing prospects.
- Supportive Industry Factors: IonQ's fourth-quarter report exceeded market expectations with a non-GAAP loss of $0.20 per share on sales of $61.89 million, significantly better than the anticipated loss of $0.23 per share and revenue of $40.38 million, thereby enhancing Rigetti's valuation outlook.
- Future Performance Pressure: Rigetti is set to release its fourth-quarter results and host an investor conference call on March 4, with IonQ's strong performance putting pressure on Rigetti to deliver satisfactory results to maintain market confidence.
- Market Volatility Expectations: Given geopolitical uncertainties, Rigetti's stock is likely to experience high volatility in the near term, particularly for growth-dependent tech stocks, which may face pullback risks.
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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: 16.870
Low
30.00
Averages
39.75
High
51.00
Current: 16.870
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.
- Escalating Financial Losses: Rigetti reported an operating loss of $84.7 million in 2025, worsening from a $68.5 million loss the previous year, indicating ongoing pressure on profitability that may undermine investor confidence.
- Accelerating Cash Burn: The company's operating cash burn increased from $50.6 million in 2024 to $58.5 million, suggesting that as it pursues quantum computing technology, the pace of cash outflow is intensifying, potentially leading to long-term survival risks.
- Stock Price Volatility and Market Reaction: Although Rigetti's stock price has risen approximately 14% over the past two weeks, from $12.90 to $14.70, it remains below its 52-week high of $58.15, reflecting a cautious market sentiment regarding its future prospects.
- High Market Valuation: Despite Rigetti's market cap nearing $5 billion and a price-to-sales ratio exceeding 600, the intense competition in the quantum computing space may render this high valuation too risky for most investors.
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- Stock Surge: Quantum Computing's stock has soared 15.4% over the past four days, with IonQ, D-Wave, and Rigetti Computing also seeing gains of 17.79%, 18.98%, and 11.03% respectively, reflecting strong market interest and investment in the quantum computing sector.
- Nvidia's Model Launch: Nvidia announced its new 'Ising' AI model designed to enhance quantum computer performance and correct output errors, potentially increasing error correction speed by up to three times compared to traditional methods, thereby promoting reliability and scalability in quantum computing.
- Improved Profit Outlook: Should Nvidia's Ising model perform as expected, companies like Quantum Computing may achieve profitability sooner than anticipated, despite analysts projecting that the company won't turn a profit before 2029, the demand for quantum computing could accelerate financial improvements.
- Significant Market Potential: The global quantum market is projected to reach $11 billion by 2030, and Nvidia's involvement not only offers quantum companies a chance for profitability but may also encourage wealth sharing within the industry, further driving technological advancements and market expansion.
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- Stock Surge: Rigetti Computing's stock surged 15.5% on Wednesday, reaching $1.68, reflecting strong market interest in the quantum computing sector, particularly following Nvidia's announcement of quantum AI models.
- Market Performance: Despite the recent surge, Rigetti's stock is down approximately 13% since 2026 and about 66% from its all-time high, indicating significant volatility and uncertainty in its stock price.
- Industry Support: Support from Nvidia and positive developments in the quantum computing space bolster Rigetti's outlook, although its valuation currently reflects strong growth expectations, with a market cap roughly 285 times this year's expected sales.
- Investment Risks: While there may be potential for breakthrough technology in the future, Rigetti's stock remains highly speculative, suggesting a cautious investment approach until a price pullback occurs to mitigate risks.
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- Stock Surge: Rigetti Computing's shares soared 11.3% to $1.86 by 11:25 a.m. ET on Wednesday, reflecting strong market optimism in the quantum computing sector, particularly following Nvidia's announcement of a new AI model.
- Nvidia's Major Announcement: The Ising AI model introduced by Nvidia aims to enhance quantum computer performance, capable of correcting output errors up to three times faster than traditional methods, potentially driving overall advancements in the quantum computing industry.
- Improved Profit Outlook: If Nvidia's Ising model performs as expected, quantum companies like Rigetti may achieve profitability ahead of schedule, despite currently burning nearly $63 million in cash annually and not expected to be consistently profitable until the 2030s.
- Massive Market Potential: Analysts project that the global quantum market could reach $11 billion in revenue by 2030, providing significant growth opportunities for Rigetti and others, even as Nvidia seeks a share of the quantum wealth.
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- Stock Surge: D-Wave Quantum's shares rose 11.6% by 11:05 a.m. ET on Wednesday, marking the fourth consecutive day of strong performance, reflecting increased market confidence in its quantum computing systems, with a market cap reaching $6.3 billion, indicating optimistic investor expectations for future growth.
- Commercial Transition: At the QED-C Quantum Summit, D-Wave promised to showcase how quantum computing is transitioning from experimentation to commercial adoption, particularly its potential to meet the growing energy demands of AI, which could attract more enterprise clients and drive revenue growth.
- Competitive Pressure: Nvidia's newly announced Ising AI model claims to correct quantum computer output errors up to three times faster, posing a direct challenge to D-Wave and potentially impacting its market share, especially in the increasingly competitive quantum computing software sector.
- CEO Warning: D-Wave CEO Alan Baratz warned at the Semafor World Economy Summit that Nvidia's entry could threaten D-Wave's position in the projected $11 billion market, emphasizing the energy efficiency advantage of its quantum computers in solving complex problems, further complicating the competitive landscape.
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- DARPA Contract Awarded: IonQ has secured a contract with the U.S. Defense Advanced Research Projects Agency (DARPA) to develop advanced quantum computing systems, and while the contract value is undisclosed, it has the potential to grow significantly over time, reinforcing IonQ's leadership in the quantum computing sector.
- Nvidia Technology Boost: The newly unveiled Nvidia Ising AI model can correct quantum computer output errors up to three times faster than traditional methods, enhancing the reliability of quantum computing and generating positive market expectations for quantum stocks like IonQ, potentially driving further stock price increases.
- Market Valuation Surge: With a market cap exceeding $13 billion, IonQ's valuation is nearly equivalent to the combined market caps of Rigetti Computing, D-Wave Quantum, and Quantum Computing, reflecting strong market confidence in its growth potential, especially as the quantum computing market is projected to reach $11 billion annually by 2030.
- Upcoming Earnings Report: IonQ is set to report its Q1 2026 earnings on May 6, and investors are eager to see its performance; if results exceed expectations, it could further boost the stock price and enhance market confidence in IonQ.
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