Rigetti Computing's stock is experiencing an upward trend following news that the U.S. government is contemplating investments in quantum computing firms. While the U.S. Department of Commerce has denied any active negotiations, the WSJ reported that a Rigetti representative confirmed the engagement with the government regarding funding.
RGTI's meteoric 2,800% rise stems from quantum breakthroughs and major contracts-but weak fundamentals may test its staying power.
RGTI's $5.7M in new purchase orders and a $5.8M Air Force award signal a key step from R&D to real quantum commercialization momentum.
Rigetti stock's surge highlights growing momentum from new defense contracts and global quantum partnerships, but revenue scalability remains a hurdle.
Rigetti Computing's stock rose by 25% yesterday after JPMorgan Chase's announcement of a $10 billion “Security and Resiliency Initiative” aimed at 27 industries and technologies, including quantum computing. This news boosted the entire quantum computing sector, resulting in similar increases for peers such as D-Wave Quantum and IonQ.
Rigetti secures $5.7M in orders for its 9-qubit Novera systems, signaling growing traction in commercial quantum hardware.
Rigetti Computing's stock has risen a robust 135% within a month, fueled by various factors that signify the company's shift from solely research and development to approaching a commercial reality. The quantum computing industry has generally experienced a boom, with Rigetti outperforming its competitors.
Recently, Zacks.com users have been paying close attention to Rigetti Computing (RGTI). This makes it worthwhile to examine what the stock has in store.
Quantum stocks rallied across the market after Rigetti Computing (RGTI) got a $5.8 million contract from the U.S. Air Force. George Tsilis says it's hard to fight the momentum but warns of Rigetti's multi-billion market cap as it continues to build its balance sheet.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Recently, Zacks.com users have been paying close attention to Rigetti Computing (RGTI). This makes it worthwhile to examine what the stock has in store.
RGTI's new chiplet-powered system halves error rates, boosts fidelity, and sets the stage for 100+ qubits by 2025-end.