Rigetti's boom and bust rally has occurred relatively fast indeed, as the stock returns much of its recent gains upon the bursting of the AI bubble by mid-February 2025.
Readers must note that the DeepSeek debacle has extended beyond the AI space to quantum computing space as well, as Chinese researchers report improved QPU results against GOOG's Willow.
It is uncertain which quantum computing start-up company may be able to "attain the required scale to compete and win," during which, further cash burn and consolidation is likely.
This is especially since RGTI has yet to secure meaningful contracts/ partnerships, as how IONQ has with NVDA through the launch of CUDA-Q.
Combined with the still expensive valuations, higher short interest volumes, and ongoing market volatility, we believe that RGTI's start-up investment thesis remains mixed here.
Funtap/iStock via Getty Images
RGTI Remains Extremely Expensive Despite The Recent Meltdown
We previously covered Rigetti Computing (NASDAQ:RGTI) in January 2025, discussing how quantum computing had emerged as the new technological frontier beyond AI and GPUs, with the stock already
I am a full-time analyst interested in a wide range of stocks. With my unique insights and knowledge, I hope to provide other investors with a contrasting view of my portfolio, given my particular background.If you have any questions, feel free to reach out to me via a direct message on Seeking Alpha or leave a comment on one of my articles.
Show more
Analyst’s Disclosure:I/we have a beneficial long position in the shares of NVDA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
The analysis is provided exclusively for informational purposes and should not be considered professional investment advice. Before investing, please conduct personal in-depth research and utmost due diligence, as there are many risks associated with the trade, including capital loss.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.