Rigetti Computing Stock Surges 9.4% Amid Market Decline
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 01 2026
0mins
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: 25.540
Low
30.00
Averages
39.75
High
51.00
Current: 25.540
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.
Rigetti Launches Powerful Quantum System and Secures $100 Million Funding
- Quantum System Launch: Rigetti has unveiled its most powerful quantum computer yet, the 108-qubit Cepheus-1-108Q, which signifies a technological advancement in quantum computing and may attract increased investor interest in its future prospects.
- Government Funding Support: The U.S. government has allocated $100 million to Rigetti as part of a larger $2 billion quantum investment package, providing crucial funding for the company's research and development efforts to advance its technology.
- Financial Condition Analysis: Despite Rigetti's revenue nearly tripling year-over-year from $1.5 million to $4.4 million, the company is still burning $20 million in free cash flow each quarter, highlighting the fragility of its business model.
- Valuation Concerns: Rigetti's shares currently trade at an extreme price-to-sales ratio of nearly 900, and while the technology holds promise, such high valuation could lead to significant stock price volatility if market sentiment shifts, necessitating careful risk assessment by investors.
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- Rise of Rigetti Computing: Rigetti recently launched its most powerful quantum computer, the Cepheus-1-108Q, capturing investor attention; however, with its stock price soaring over 50% in a month, its current price-to-sales ratio of nearly 900 indicates extreme valuation concerns.
- Financial Improvement: Rigetti's revenue nearly tripled year-over-year last quarter, increasing from $1.5 million to $4.4 million, while the company holds over $400 million in cash, double what it had a year ago, suggesting an improvement in its financial health.
- Impact of Government Funding: The U.S. government will provide $100 million to Rigetti as part of a larger $2 billion quantum investment package, which will fund research and development on unproven technology, although this funding is more akin to a grant than an investment.
See More
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- Order and Revenue Growth: Rigetti secured an $8.4 million order, D-Wave announced a record $33.4 million in bookings for Q1, and IBM partnered with the Department of Commerce to establish a new quantum wafer foundry, reflecting rising market demand for quantum computing.
- Impressive Sales Data: IonQ's revenue surged 755% in Q1, Rigetti's jumped 199%, and IBM achieved a respectable 9% increase, although D-Wave's revenue fell by 81%, the overall trend indicates significant industry potential.
- Investment Risk Advisory: While the quantum computing market is projected to reach $100 billion by 2035, the high price-to-sales ratios and losses of companies like IonQ, Rigetti, and D-Wave present considerable investment risks, suggesting investors should focus on IBM's stable performance.
See More
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- Government Investment Scale: The U.S. government has recently invested over $2 billion in nine quantum computing companies, with IBM receiving half of the funding, indicating strong support for quantum technology despite only IBM being profitable.
- Positive Market Reaction: Following the investment announcement, share prices of IBM, IonQ, D-Wave, and Rigetti Computing surged, reflecting market optimism about the potential of quantum computing, even as these companies continue to burn cash.
- Significant Sales Growth: IonQ's revenue soared 755% in Q1, Rigetti's jumped 199%, and IBM's increased by 9%, showcasing rapid development in the quantum computing sector, although D-Wave's revenue fell by 81%, highlighting disparities within the industry.
- Investment Risk Advisory: While the quantum computing market is projected to reach $100 billion by 2035, the high price-to-sales ratios and ongoing losses of IonQ, Rigetti, and D-Wave present considerable investment risks, suggesting that investors should proceed cautiously, with IBM viewed as a relatively safe investment option.
See More
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- Stock Surge: Rigetti Computing's shares rose by 9.63% to close at $27.03, extending gains from last week following news of U.S. government funding for domestic quantum firms, indicating strong market confidence in the quantum computing sector.
- Volume Spike: Trading volume reached 85.2 million shares, approximately 146% above the three-month average of 34.7 million shares, reflecting heightened investor interest and activity in the quantum computing space.
- Positive Market Outlook: Since its IPO in 2021, Rigetti's stock has surged 173%, with over 60% gains in the past week, demonstrating rapid growth in the quantum computing industry that is attracting significant investor attention.
- Industry Potential: The Boston Consulting Group forecasts that the quantum computing market could create $450 billion in economic value by 2040, and while Rigetti's stock may experience short-term volatility, its leadership in superconducting quantum processors positions it well for long-term success.
See More
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- Stock Performance: Rigetti Computing closed at $27.03 on Thursday, up 9.79%, driven by the U.S. government's funding program for domestic quantum firms, indicating strong market confidence in the quantum computing sector.
- Surge in Trading Volume: The trading volume reached 85.2 million shares, approximately 146% above the three-month average of 34.7 million shares, reflecting heightened investor interest and active market participation in the quantum computing industry.
- Industry Outlook: Since its IPO in 2021, Rigetti's stock has surged 173%, with over 60% gains in the past week, particularly following the announcement of over $2 billion in grants to nine quantum firms, showcasing robust growth potential in the sector.
- Market Potential: The Boston Consulting Group forecasts that the quantum computing market could generate $450 billion in economic value by 2040, and while Rigetti's stock may experience short-term volatility, its leadership in superconducting quantum processors positions it well for long-term success.
See More
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- Quantum System Launch: Rigetti has unveiled its most powerful quantum computer yet, the 108-qubit Cepheus-1-108Q, which signifies a technological advancement in quantum computing and may attract increased investor interest in its future prospects.
- Government Funding Support: The U.S. government has allocated $100 million to Rigetti as part of a larger $2 billion quantum investment package, providing crucial funding for the company's research and development efforts to advance its technology.
- Financial Condition Analysis: Despite Rigetti's revenue nearly tripling year-over-year from $1.5 million to $4.4 million, the company is still burning $20 million in free cash flow each quarter, highlighting the fragility of its business model.
- Valuation Concerns: Rigetti's shares currently trade at an extreme price-to-sales ratio of nearly 900, and while the technology holds promise, such high valuation could lead to significant stock price volatility if market sentiment shifts, necessitating careful risk assessment by investors.
See More
Quantum Computing Stocks Surge Amid AI Enthusiasm but Face Risks
- Market Performance: The S&P 500 index has risen 6.3% over the past month, while the tech-heavy Nasdaq Composite surged 9.4%, reflecting strong investor confidence in the tech sector driven by renewed enthusiasm for artificial intelligence.
- Rise of Rigetti Computing: Rigetti recently launched its most powerful quantum computer, the Cepheus-1-108Q, capturing investor attention; however, with its stock price soaring over 50% in a month, its current price-to-sales ratio of nearly 900 indicates extreme valuation concerns.
- Financial Improvement: Rigetti's revenue nearly tripled year-over-year last quarter, increasing from $1.5 million to $4.4 million, while the company holds over $400 million in cash, double what it had a year ago, suggesting an improvement in its financial health.
- Impact of Government Funding: The U.S. government will provide $100 million to Rigetti as part of a larger $2 billion quantum investment package, which will fund research and development on unproven technology, although this funding is more akin to a grant than an investment.
See More
U.S. Government Invests $2 Billion in Quantum Computing Firms
- Massive Investment: The U.S. government has recently invested a total of $2 billion in nine quantum computing companies, with IBM receiving half of the funding, indicating strong governmental support that could accelerate industry growth.
- Order and Revenue Growth: Rigetti secured an $8.4 million order, D-Wave announced a record $33.4 million in bookings for Q1, and IBM partnered with the Department of Commerce to establish a new quantum wafer foundry, reflecting rising market demand for quantum computing.
- Impressive Sales Data: IonQ's revenue surged 755% in Q1, Rigetti's jumped 199%, and IBM achieved a respectable 9% increase, although D-Wave's revenue fell by 81%, the overall trend indicates significant industry potential.
- Investment Risk Advisory: While the quantum computing market is projected to reach $100 billion by 2035, the high price-to-sales ratios and losses of companies like IonQ, Rigetti, and D-Wave present considerable investment risks, suggesting investors should focus on IBM's stable performance.
See More
U.S. Government Invests $2 Billion in Quantum Computing Firms
- Government Investment Scale: The U.S. government has recently invested over $2 billion in nine quantum computing companies, with IBM receiving half of the funding, indicating strong support for quantum technology despite only IBM being profitable.
- Positive Market Reaction: Following the investment announcement, share prices of IBM, IonQ, D-Wave, and Rigetti Computing surged, reflecting market optimism about the potential of quantum computing, even as these companies continue to burn cash.
- Significant Sales Growth: IonQ's revenue soared 755% in Q1, Rigetti's jumped 199%, and IBM's increased by 9%, showcasing rapid development in the quantum computing sector, although D-Wave's revenue fell by 81%, highlighting disparities within the industry.
- Investment Risk Advisory: While the quantum computing market is projected to reach $100 billion by 2035, the high price-to-sales ratios and ongoing losses of IonQ, Rigetti, and D-Wave present considerable investment risks, suggesting that investors should proceed cautiously, with IBM viewed as a relatively safe investment option.
See More
Rigetti Computing Shares Surge 9.63% Amid Quantum Funding News
- Stock Surge: Rigetti Computing's shares rose by 9.63% to close at $27.03, extending gains from last week following news of U.S. government funding for domestic quantum firms, indicating strong market confidence in the quantum computing sector.
- Volume Spike: Trading volume reached 85.2 million shares, approximately 146% above the three-month average of 34.7 million shares, reflecting heightened investor interest and activity in the quantum computing space.
- Positive Market Outlook: Since its IPO in 2021, Rigetti's stock has surged 173%, with over 60% gains in the past week, demonstrating rapid growth in the quantum computing industry that is attracting significant investor attention.
- Industry Potential: The Boston Consulting Group forecasts that the quantum computing market could create $450 billion in economic value by 2040, and while Rigetti's stock may experience short-term volatility, its leadership in superconducting quantum processors positions it well for long-term success.
See More
Rigetti Computing Shares Surge Nearly 10% Amid Quantum Funding News
- Stock Performance: Rigetti Computing closed at $27.03 on Thursday, up 9.79%, driven by the U.S. government's funding program for domestic quantum firms, indicating strong market confidence in the quantum computing sector.
- Surge in Trading Volume: The trading volume reached 85.2 million shares, approximately 146% above the three-month average of 34.7 million shares, reflecting heightened investor interest and active market participation in the quantum computing industry.
- Industry Outlook: Since its IPO in 2021, Rigetti's stock has surged 173%, with over 60% gains in the past week, particularly following the announcement of over $2 billion in grants to nine quantum firms, showcasing robust growth potential in the sector.
- Market Potential: The Boston Consulting Group forecasts that the quantum computing market could generate $450 billion in economic value by 2040, and while Rigetti's stock may experience short-term volatility, its leadership in superconducting quantum processors positions it well for long-term success.
See More
