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Rigetti Computing files automatic mixed securities shelf

Rigetti Computing files automatic mixed securities shelf

Business Insider4 days ago

16:30 EDT Rigetti Computing ( RGTI ) files automatic mixed securities shelf Confident Investing Starts Here:
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Where Will Rigetti Computing Be in 5 Years?
Where Will Rigetti Computing Be in 5 Years?

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Where Will Rigetti Computing Be in 5 Years?

Quantum computing might be the next technology megatrend after generative AI. Could upstart Rigetti Computing become the Nvidia of this emerging opportunity? 10 stocks we like better than Rigetti Computing › With shares up by over 1,249% over the last 12 months, Rigetti Computing (NASDAQ: RGTI) is an excellent example of the tech sector's millionaire-making potential. The company is helping to pioneer the nascent quantum computing opportunity, and investors are encouraged by a series of technological breakthroughs in the industry. But is Rigetti's recent performance a hype-driven fluke, or an early sign of multi-bagger returns over the next five years? Let's dig deeper to find out. Quantum computing is a branch of computer science that aims to dramatically increase the computational power of machines by replacing their bits (a binary unit of information that can only represent one of two values) with qubits, which can be in many different states at once. If the tech works as intended, it would enable quantum computers to rapidly solve problems that would take a normal computer millions of years. The potential real-world applications are endless. Quantum computers could be helpful in discovering new drugs, chemicals, or high-performance materials. They could also revolutionize logistics by quickly determining which combinations of stops are most efficient on a delivery route. The economic effects of this technology could reach into the trillions, making boatloads of money for early movers like Rigetti. The company aims to monetize this opportunity through a "picks-and-shovels" business model, where it offers quantum computing power to clients via a cloud interface that can be accessed by traditional hardware. A series of recent breakthroughs has led some to believe that mainstream adoption could come sooner than previously expected. In March, a California-based company called D-Wave Quantum published a report claiming that its commercially available Advantage2 quantum supercomputer outperformed Frontier, the world's most powerful supercomputer, on a limited test. This win follows Alphabet's Google's December announcement of its quantum chip, Willow, which offers the potential for greater speeds and error correction during calculations. Both of these news events had a spillover effect on Rigetti's stock price, helping to explain its multi-bagger growth over the last year. However, investors should remember that these companies are Rigetti's direct competitors, and a rising tide won't necessarily lift all boats. In fact, over the long term, Rigetti could find itself overshadowed by these faster-growing and better-capitalized players in the industry. The company's lackluster operating results put this risk in focus. In the first quarter, Rigetti's revenue dropped 52% year over year to $1.47 million. If that wasn't bad enough, its operating loss ballooned from $16.6 million to $21.6 million, mainly due to spiraling research and development costs as it seeks to help pioneer a brand new industry. Investors shouldn't expect the situation to turn around any time soon. CEO Subodh Kulkarni doesn't see his company generating significant commercial sales until three to five years from now. Rigetti's floundering operations stand in stark contrast to alternatives like D-Wave Quantum, which has already started limited commercialization. This Rigetti rival saw its first-quarter revenue jump 500% year over year to $15 million after the sale of its first quantum device to a research institution in Germany. Alphabet is another long-term threat. While quantum won't be a material part of its vast business any time soon, the $2.1 trillion tech giant will have much more cash to pour into research and development, giving it a massive competitive advantage over smaller companies like Rigetti. With a price-to-sales (P/S) ratio of 341, Rigetti's sky-high valuation doesn't seem to account for the significant uncertainty it will face over the next five years. Investors who want to bet on quantum computing should probably look for better options in the market. Before you buy stock in Rigetti Computing, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Rigetti Computing wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $651,049!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $828,224!* Now, it's worth noting Stock Advisor's total average return is 979% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Will Ebiefung has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet. The Motley Fool has a disclosure policy. Where Will Rigetti Computing Be in 5 Years? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Short Report: Bears questioning Cinemark, Groupon rallies
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Short Report: Bears questioning Cinemark, Groupon rallies

Welcome to this week's installment of 'The Short Interest Report' – The Fly's weekly recap of short interest trends among some of the most widely followed high-short-float stocks. Using the data from our partner which utilizes the latest information from stock lenders to estimate short interest changes for thousands of publicly traded companies, this report will screen for some of biggest changes in short interest as a percentage of free float and days-to-cover ratios while also considering the short interest data on some of the more volatile and heavier-traded names of the week. Based on the availability of data from Ortex, the report tracks the trading period that covers prior Friday through Thursday of this week, excluding holidays. As a basis of comparison for stocks discussed below, the S&P 500 index was up 1.2%, the Nasdaq Composite was up 1.3%, the Russell 2000 index was up 1.5%, the Russell 2000 Growth ETF (IWO) was up 1.3%, and the Russell 2000 Value ETF (IWN) was up 1.6% in the four-day trading session range through May 29. Confident Investing Starts Here: SHORT INTEREST GAINERS Ortex-reported short interest in Cinemark (CNK) has tracked sideways in 16% to 22% range from mid-March until the final week of May, even though the stock has enjoyed a runup of about 35%. This week however, short positioning as a percentage of free float has jumped more dramatically, increasing from 18.8% to a four-month high of 26.6%. Sentiment on the stock has remained positive following the company's Q1 results on May 2nd as shares have gained 13% since those earnings inclusive of Friday's 2.5% rally and were up 1.6% in the four-day period covered through Thursday, though bears are increasingly questioning whether the robust box office slate will match demand from tightening consumer budget. Ortex-reported short interest on Groupon (GRPN) had fallen precipitously from 67% in late December to a ten-month low of 26% on Monday as bears fled the tripling in the stock price that started in mid-March after the company's Q4 results and was spurred further by another strong performance in Q1. The rest of the week however, shorts as a percentage of free float turned higher, rising from 26% to nearly 29%, even though the price action is not yet matching the increased willingness by the bears to test the sustainability of the bounce. In the four-day period covered, Groupon shares were up 10.4%, and year-to-date, the stock has gained 140%. Ortex-reported short interest on Avis Budget (CAR) has continued to increase sharply, rising another five and a half percentage points this week to 47.8%. Shorts as a percentage of free float on the stock troughed at just 12% in late January prior to the start of its run, and the current levels are now the highest since June of 2020. The stock, meanwhile, bottomed in mid-March but has since more than doubled from those lows, with a year-to-date gain topping 50%. This week, Avis Budget shares were up 1.5% in the four-day period through Thursday. Ortex-reported short interest on Sunrun (RUN) had peaked around 35% in late April and receded to about 29% over the next three weeks, though this week has seen shorts as a percentage of free float jump again while the stock sold off heavily. Bearish positioning rose to 31.1% and days-to-cover on the name was up 30 basis points to 4.5. The stock, meanwhile, was up about 2% in the four-day period through Thursday and ended the week with a 9% jump on Friday, though shares are still down 43% from their recent peak on May 13 and down 19% year-to-date. SHORT INTEREST DECLINERS Ortex-reported short interest on Guess (GES) had peaked at 39% in mid-March before a buyout offer from private equity name WHP Global had scurried bears to the sidelines with a 13 percentage point retreat that accompanied a 25% jump in the stock price. Authentic Brands Group (AUTH) had joined the bidding war for Guess in late April, giving the stock price another jolt higher and the rebuilding shorts another blow. This week, as the company prepares to report its Q1 results on Thursday, shorts as a percentage of free float on Guess fell from 25.8% to 20.2% – a one-year low. Guess shares were flat in the four-day period covered but slipped 6% on Friday. Relative to the level just before the WHP bid however, the stock is still up 7%.

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