University of Kwazulu-Natal

Is Rigetti The Next Quantum Winner Nasdaq Rgti

Bonisiwe Shabane
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is rigetti the next quantum winner nasdaq rgti

Rigetti Computing Inc. (NASDAQ:RGTI) just flipped the switch on its biggest quantum breakthrough yet – and for once, Wall Street didn't sleep through it. The company's reveal of a 36-qubit modular quantum system with record-setting fidelity has investors scrambling, sending RGTI stock up 14.5% by 10 a.m. ET. Quantum might still be years from going mainstream, but Rigetti's stock is having its moment right now. Rigetti has built the largest modular quantum computer yet by linking together four 9-qubit chips to create a 36-qubit system.

But it's not just about size—the company also cut its error rate in half, reaching 99.5% accuracy in how its qubits work together. That's a major step toward making quantum computers more reliable. What makes this even more impressive is that Rigetti isn't just talking about modular quantum design – it's actually delivering. With real data, real performance and a clear path to building a 100+ qubit system by the end of the year, Rigetti is turning big quantum ideas into working technology. Read Also: Quantum Stock Watch: Bullish Analyst Coverage On IonQ, D-Wave, Rigetti Computing Rigetti Computing’s NASDAQ:RGTI real-time chart shows a meteoric rise to $28.52, up 15% in a single day and more than 3,399% year-over-year.

The rally is fueled by the launch of Cepheus-1-36Q, a 36-qubit processor built on four chiplets, achieving 99.5% fidelity. This performance milestone has positioned Rigetti as a challenger to giants like IBM and IonQ. Management is targeting a 100-qubit system by the end of 2025 and scaling toward 1,000+ qubits within four years. Achieving this would make Rigetti one of the few pure-play quantum companies with a realistic path to error-corrected computing. By vertically integrating chip design, fabrication, and cloud delivery, Rigetti builds an ecosystem that enhances its moat, though competition from IonQ and IBM remains fierce. Despite soaring stock gains, Rigetti’s fundamentals remain fragile.

Revenue fell to $7.92 million, down 41.6% YoY, while net losses widened to -$164.8 million. Cash burn reached $53.8 million over the trailing twelve months. Still, Rigetti’s balance sheet shows $425.7 million in cash, boosted by a $350 million raise earlier this year, providing several years of runway. Investors can track insider transactions here, where equity-based compensation remains a key issue. At $9.25 billion market cap, Rigetti trades at an eye-watering 898x trailing sales and 305x 2026 projected sales. For context, IonQ trades around 175x forward sales and IBM at just 4x.

This suggests Rigetti is valued more like an option on the quantum future than a reflection of near-term revenues. Analysts warn the stock is highly speculative, with consensus revenue for 2026 only $21.2 million. Rigetti’s hopes for DARPA’s Quantum Benchmarking Initiative (QBI) are critical. Advancing to Stage B could unlock part of $500 million in U.S. government grants. Partnerships with Quanta Computer ($35M equity stake, part of $250M commitment) and integrations with Microsoft Azure provide industrial credibility and distribution channels.

If DARPA candidacy is secured, Rigetti’s liquidity and growth profile could strengthen considerably. Rigetti Computing, Inc. (NASDAQ:RGTI) is positioning itself for explosive growth, targeting 40%+ revenue expansion in CY25 with the anticipated launch of its 36-qubit and 108-qubit systems. The company’s modular approach to scaling qubits and reducing error rates solidifies. Yiannis Zourmpanos, founder of Yiazou IQ, an AI-driven stock research platform providing all-in-one stock reports. Experience: Previously worked at Deloitte and KPMG in external/internal auditing and consulting.

Education: Chartered Certified Accountant, Fellow Member of ACCA Global, with BSc and MSc degrees from U.K. business schools. Investment Style: We focus on GARP/Value stocks—high-quality, reasonably priced businesses with strong moats and significant growth potential. We prioritize fundamentals and seek stocks trading at a discount to intrinsic value, with a clear margin of safety. Our long-term approach (5-7 years) aims for wealth accumulation through compounding while emphasizing downside protection and sometimes taking contrarian views during market uncertainties. Rigetti Computing’s (NASDAQ: RGTI) stock has taken Wall Street by storm, skyrocketing after the company announced a significant breakthrough in quantum computing technology.

Investors, analysts, and tech enthusiasts are watching closely as Rigetti’s latest milestone signals a potential new era for commercial quantum computing—and for the company’s prospects in a sector that’s been long on promise but,... Rigetti’s meteoric rise began after it revealed that its latest quantum processor, codenamed "Aspen-M," achieved reliable error rates and algorithm performance surpassing the much-discussed quantum advantage threshold. Quantum advantage refers to the moment when a quantum computer can solve problems faster or more efficiently than the most powerful classical supercomputers. For years, companies and researchers have been racing toward this line, with incremental progress and heavy skepticism from industry observers. The milestone achieved by Rigetti’s Aspen-M chip goes beyond simple error correction. According to company disclosures, the system now consistently runs quantum algorithms that demonstrate a tangible speedup for certain optimization and simulation problems—some of which are central to logistics, cryptography, drug discovery, and advanced material...

This capability opens the door for enterprises and governments to experiment with quantum solutions that, until recently, were largely theoretical. Quantum computing is often described as the "moonshot" of information technology. Unlike classical bits, which store data as 0 or 1, quantum bits (qubits) can exist in multiple states simultaneously due to superposition and entanglement. This makes quantum computers potentially vastly more powerful for certain classes of problems. However, practical, large-scale, and reliable quantum computers have remained elusive, hindered by noise, instability, and extremely high error rates. Rigetti’s achievement is significant because it marks one of the first credible demonstrations of a mid-scale, gate-based quantum processor reliably surpassing classical machines for targeted tasks.

While other tech giants like Google, IBM, and IonQ have claimed various breakthroughs, Rigetti’s progress is unique for its focus on practical, commercially valuable applications rather than abstract benchmarks. Quantum computing companies like Rigetti Computing (RGTI), D-Wave Quantum (QBTS) and IonQ Inc. (IONQ) are charging higher in September, repeating a scene that the market saw in November of 2024 when some of these stocks saw 500%+ returns in just months. Quantum computing has long been the tech world’s favorite punchline, always 15-20 years away. But while CEOs slap “AI-powered” on everything they touch, quantum engineers are delivering breakthroughs that suggest “15 years away” is finally turning into “next quarter.” Microsoft recently announced a new state of matter for quantum systems.

Google built a machine that completed, in five minutes, a task that would take today’s best supercomputers longer than the age of the universe. IBM now promises a fault-tolerant quantum computer by 2029—cutting the classic five-year timeline down to four. Quantum computing continues to draw investor interest because it combines long-term technological ambition with the potential for real commercial disruption. While the industry is still in its early stages, progress is steady, and use cases in areas such as optimization, simulation, and advanced analytics are becoming more defined. For investors willing to tolerate uncertainty, quantum computing represents an opportunity to gain exposure to a technology that could meaningfully reshape multiple industries over the coming decades. Against that backdrop, Rigetti Computing RGTI and IonQ IONQ represent two distinct bets on how this future unfolds.

Rigetti is building its story around superconducting, gate-based quantum processors that aim to scale toward fault-tolerant systems over time. IonQ, by contrast, is leaning into trapped-ion technology, emphasizing higher fidelity, growing customer traction and a clearer commercialization narrative today. In this face-off, we look at how each company is progressing, where their strategies diverge, and what those differences mean for investors deciding which quantum path looks more compelling right now. Shares of Rigetti have skyrocketed 118.3%, while IONQ stock has gained 25.7% in the six-month period. At a high level, Rigetti Computing and IonQ are both pursuing gate-based quantum computing, but they are doing so through fundamentally different engineering philosophies. Rigetti is betting on superconducting qubits and tight vertical integration.

Its recent shift toward a modular “chiplet” approach reflects an effort to improve yields, reduce error rates, and scale more predictably. By breaking processors into smaller, repeatable units rather than relying on a single large chip, Rigetti is trying to turn quantum hardware development into something closer to an industrial process. For investors, this strategy emphasizes long-term scalability and control over the entire hardware stack, from fabrication through cloud delivery. IonQ’s approach is less about manufacturing efficiency and more about qubit quality. The company uses trapped-ion technology, which generally offers longer coherence times and higher gate fidelities, albeit with slower gate speeds. Rather than racing to higher raw qubit counts, IonQ has focused on improving algorithmic performance, system reliability, and customer accessibility through major cloud platforms.

This has allowed IonQ to position its machines as usable today for select workloads, even if physical scaling remains more gradual. From an investor’s perspective, IonQ’s strategy prioritizes near-term commercial credibility and performance metrics that resonate with enterprise and government buyers, while accepting a slower, more measured path to large-scale systems.

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