Rigetti Computing's Quantum Prospects Remain Nascent Despite The Deep Selloff

Juxtaposed Ideas
13.68K Followers
(9min)

Summary

  • 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.

Quantum computing concept. The inscription on 3d Electronic Circuit Board Chip

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

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RGTI - Rigetti Computing, Inc.
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About RGTI Stock

SymbolLast Price% Chg
RGTI
8.86-3.90%
Post8.82-0.45%
Chart
Combination chart with 2 data series.
The chart has 1 X axis displaying Time. Data ranges from 2025-04-24 09:30:00 to 2025-04-29 16:00:00.
The chart has 1 Y axis displaying values. Data ranges from 8.85 to 9.735.
End of interactive chart.
Market Cap
$2.64B
PE
-
Yield
-
Rev Growth (YoY)
-10.14%
Short Interest
23.88%
Prev. Close
$9.22
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