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Rigetti Computing's Stock Plummets Amid Quantum Delays

2/28/2026

26 6 Full Breakdown

Summary

Story summary

Rigetti Computing's stock has fallen from over $58 to around $16, signaling valuation concerns.
Rigetti Computing faces delays in its Cepheus-1-108Q quantum computer.
The company has partnerships with Nvidia and other agencies, but it must convert potential into revenue.
Rigetti has more than $450 million in cash, giving a runway of about five years.
Rising expenses may necessitate further capital raises that could dilute shareholders.

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Story summary

Rigetti Computing's stock has fallen from over $58 to around $16, signaling valuation concerns.
Rigetti Computing faces delays in its Cepheus-1-108Q quantum computer.
The company has partnerships with Nvidia and other agencies, but it must convert potential into revenue.
Rigetti has more than $450 million in cash, giving a runway of about five years.
Rising expenses may necessitate further capital raises that could dilute shareholders.