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Rigetti's Stock Soars 1,820% Amid Quantum Breakthrough

9/2/2025

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Summary

Story summary

Rigetti Computing's stock increased by 1,820% in the past year, attributed to its 36-qubit quantum computer's 99.5% gate fidelity.
The company has $571.6 million in cash, ensuring operational funding through 2026, despite $1.8 million in quarterly revenue and notable losses.
Analysts warn of Rigetti's high valuation at 495 times sales, advising caution for potential investors.

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Story summary

Rigetti Computing's stock increased by 1,820% in the past year, attributed to its 36-qubit quantum computer's 99.5% gate fidelity.
The company has $571.6 million in cash, ensuring operational funding through 2026, despite $1.8 million in quarterly revenue and notable losses.
Analysts warn of Rigetti's high valuation at 495 times sales, advising caution for potential investors.