Growth Or Bubble Decoding Rigetti S Recent Stock Surge

Bonisiwe Shabane

-Jan 2, 2026, 7:35 AM

growth or bubble decoding rigetti s recent stock surge

Rigetti Computing Inc.’s stocks have been trading down by -3.86 percent amid concerns over technological advancements in quantum computing. Live Update At 16:02:45 EST: On Monday, November 17, 2025 Rigetti Computing Inc. stock [NASDAQ: RGTI] is trending down by -3.86%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below. As Tim Bohen, lead trainer with StocksToTrade says, “The best way to learn is by tracking trades, wins, losses, and lessons learned. Every trade has something to teach.” Traders often focus on honing their skills and strategies in the fast-paced world of trading.

By meticulously reviewing each trade and identifying what went right or wrong, traders can gradually enhance their abilities and adapt to changing market conditions. This iterative process not only builds confidence but also equips traders with the knowledge and experience needed to make more informed decisions in the future. Diving into Rigetti Computing’s financial reports, the perplexing scenario surrounding its financial performance begins to unravel. Their recently reported Q3 revenue stood at $1.9M, missing the expected forecast of $2.2M. This gap has inevitably raised eyebrows within investment circles, as hitting revenue expectations is key for maintaining investor confidence. While Rigetti’s gross margin of 32.2% offers a sliver of optimism, its profitability ratios like the EBIT margin and net income continue to paint a grim picture.

The EBIT margin sits at a shocking -4677.3%, and the net income from continuing operations plummeted to -$200.97M, highlighting severe profitability challenges. For comparison, the company’s total expenses soared to $22.49M, dwarfing its total revenue of $1.95M. Rigetti Computing (NASDAQ: RGTI), a prominent player in the nascent quantum computing sector, has recently captivated financial markets with an extraordinary surge in its stock price. Propelled by a wave of "quantum hype," strategic deals, and promising technological advancements, the company's shares have seen an astonishing ascent, reaching all-time highs as of early October 2025. This remarkable rally reflects a burgeoning investor confidence in the future of quantum technology, positioning Rigetti as a potential frontrunner in a field poised for transformative growth. However, this rapid appreciation is not without its complexities.

Despite the enthusiastic market reception and a series of significant partnerships and purchase orders, Rigetti continues to grapple with considerable financial challenges and a valuation that some analysts deem "beyond excessive." The interplay between... The recent trajectory of Rigetti Computing's (NASDAQ: RGTI) stock has been nothing short of meteoric, driven by a series of strategic maneuvers and a fervent belief in the transformative potential of quantum technology. As of early October 2025, the company's shares have witnessed an astounding surge, climbing over 160% in the last quarter, a staggering 171.02% in the past month, and an eye-watering 5,340% over the last... On October 2, 2025, RGTI hit an all-time high of $40.63, trading around $43.23 by October 7, 2025, turning heads across the financial world and prompting analysts like Benchmark to raise price targets from... This dramatic ascent is rooted in a timeline of significant developments throughout 2025. In July, Rigetti announced a critical technological breakthrough: achieving 99.5% median two-qubit gate fidelity on its 36-qubit modular system, Cepheus-1, halving previous error rates and setting the stage for larger quantum systems.

This was followed by a three-year, $5.8 million contract from the U.S. Air Force Research Laboratory (AFRL) in early September, in collaboration with Dutch firm QphoX, to advance superconducting quantum networking. Market sentiment further buoyed on September 11 with a 14% stock jump, influenced by positive news from competitor IonQ (NYSE: IONQ). A significant surge of 10% on September 23 came after an analyst upgrade to a $35 price target and a crucial $35 million investment from Quanta Computer. The momentum culminated on September 30 with the announcement of approximately $5.7 million in purchase orders for two of its upgradeable 9-qubit Novera™ quantum computing systems, sparking a 16.5% single-day jump and pushing the... The "quantum hype" is largely fueled by these strategic deals and technological milestones.

The Novera™ QPU orders, representing about 72% of Rigetti's annual sales for the preceding twelve months, signified crucial commercial validation from an Asian technology manufacturer and a California AI/physics startup. Further cementing its position, Rigetti signed a Memorandum of Understanding (MOU) with India's Centre for Development of Advanced Computing (C-DAC) to explore co-development of hybrid quantum computing systems, tapping into India's burgeoning quantum initiatives. The aforementioned strategic collaboration with Quanta Computer, involving a $35 million equity investment and a commitment of over $100 million each over five years towards joint development, aims to accelerate the commercialization of superconducting... Additionally, academic alliances, such as providing Montana State University with access to its Novera system, foster research and development. Rigetti Computing stock price has gone vertical in the past few month, helped by the ongoing hype surrounding the quantum computing industry. This growth has pushed it from a penny stock trading below $1 into a $17 billion company.

Rigetti and other companies in the quantum computing industry, like IonQ and D-Wave, have been in a strong surge since 2024. These gains have happened as investors predict that this type of computing will be the next big theme in the technology industry. The thinking is that investors will start focusing on the quantum computing once the AI theme fades. This view has been supported by reports from top companies like McKinsey and Bain that have predicted that quantum computing will help solve some of the biggest solutions in the world today. This view is supported by top experts in the industry, like Michio Kaku, who have been working in technology for decades. Rigetti Computing stock price surged on Monday as investors cheered a report by JP Morgan, which said that it would invest at least $10 billion in companies in sectors important to the US economy.

This plan is part of the company’s $1.5 trillion strategy known as the ‘Security and Resiliency Initiative.’ On this, it will allocate cash to firms in areas like supply chain and advanced manufacturing, defense and aerospace, energy, and frontier technologies. Quantum computing is one of the frontier technologies. As such, investors believe that Rigetti could be one of the companies that will receive this investment. Rigetti Computing has become the poster child for quantum computing’s explosive potential on Wall Street. The Berkeley-based company’s shares have skyrocketed over 1,000% in just one year.

This meteoric rise has added approximately $1.7 billion in market cap in the last month alone. The company operates as a full-stack quantum computing firm, developing both hardware and software for practical quantum systems. Rigetti focuses on superconducting qubit quantum processors, a leading approach in achieving quantum advantage over classical computers. Three primary catalysts have driven this extraordinary stock performance. Breakthrough technological achievements top the list. Strategic government partnerships and evolving market sentiment around quantum computing’s commercial potential round out the key drivers.

The most telling catalyst came in July 2025 when Rigetti announced achieving 99.5% median two-qubit gate fidelity. This breakthrough occurred on its 36-qubit quantum system. Gate fidelity measures how accurately quantum operations can be performed, a critical metric for building useful quantum computers. This achievement positions Rigetti among the leaders in quantum computing performance. It demonstrates that Rigetti’s superconducting approach and chiplet architecture deliver measurable progress toward quantum advantage in real-world applications. JPM Quick QuoteJPM IBM Quick QuoteIBM GOOGL Quick QuoteGOOGL RGTI Quick QuoteRGTI

You follow Tirthankar Chakraborty - edit Rigetti Computing, Inc.’s (RGTI Quick QuoteRGTI - Free Report) shares have gained more than 2,800% in the past year as investors showed excitement over its quantum breakthroughs. However, Rigetti’s weak fundamentals and lofty valuation raised doubts about its future growth trajectory and how investors should position themselves toward the stock. Let’s see in detail – Rigetti's shares have soared over the past year as the company secured major contracts and made significant progress in advanced quantum computing technology. Rigetti's 36-qubit quantum system achieved 99.5% accuracy in key operations, marking a breakthrough toward developing a 100+ qubit chiplet-based system by the year's end.

Rigetti signed a $5.8 million deal with the U.S. Air Force Research Laboratory to further develop quantum networking technology. It also received orders for two 9-qubit Novera quantum computing systems worth nearly $5.7 million, scheduled for delivery next year. The 10 largest banks in the U.S. are Chase, Bank of America, Wells Fargo, Citibank, U.S. Bank, PNC Bank, Goldman Sachs Bank, Truist Bank, Capital One and TD Bank.

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Growth Or Bubble Decoding Rigetti S Recent Stock Surge

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