Latest news with #RigettiQuantumCloudServices
Business Insider
25-05-2025
- Business
- Business Insider
IONQ, RGTI, or QBTS: Which Quantum Computing Stock Is the Most Attractive Pick?
Quantum computing is in the very early phase of its development, but is gaining a lot of attention, given that quantum computers leverage quantum mechanics to solve complex problems that classical computers can't solve, or can't solve fast enough. Using TipRanks' Stock Comparison Tool, we placed IonQ (IONQ), Rigetti Computing (RGTI), and D-Wave Quantum (QBTS) against each other to find the most attractive quantum computing stock, according to Wall Street analysts. Confident Investing Starts Here: IonQ Inc. (NYSE:IONQ) IonQ is developing trapped-ion quantum computers for commercial, industrial, and academic applications. Earlier this month, the company reported nearly flat revenues for the first quarter of 2025 but a lower-than-anticipated loss per share. Interestingly, IONQ stock has rallied 70.5% over the past month and has risen 9.4% year-to-date. Investors are bullish on the company's prospects, backed by some strategic deals and acquisitions made recently. Moreover, IONQ stock jumped 36% on Thursday after CEO Niccolo de Masi said in an interview with Barron's that IonQ could become the Nvidia (NVDA) of quantum computing, triggering optimism among investors. Is IonQ a Good Stock to Buy? Following the Q1 print, Benchmark analyst David Williams reiterated a Buy rating on IONQ stock with a price target of $40. The top-rated analyst noted that IONQ's Q1 results were marked by continued commercialization progress and further expansion of its networking portfolio. Moreover, the top line reflected traction across existing and new partnerships, as the company executes on its roadmap and capitalizes on adjacent opportunities. He added that IonQ's Lightsynq and Capella Space acquisitions build on the recent Qubitekk and ID Quantique deals, giving the company a vertically-integrated quantum networking stack from data center to the edge and terrestrial to satellite-based communication links. While Williams acknowledges that the time horizon for these capabilities to become integrated into the quantum computer is well into the future, they represent lucrative revenue verticals in the near and intermediate term while also providing access to markets and technologies to further develop the quantum computing ecosystem. Wall Street has a Strong Buy consensus rating on IonQ stock based on four Buys and one Hold recommendation. At $40, the average IONQ stock price target implies a downside risk of 12.5% from current levels. Rigetti Computing (NASDAQ:RGTI) Rigetti Computing claims to be a pioneer in full-stack quantum computing. The company serves global enterprise, government, and research customers via its Rigetti Quantum Cloud Services platform. RGTI has secured key government-funded projects in the U.S. and the UK to advance its technology. While Rigetti Computing stock has surged 54% over the past month, it is down 8.1% on a year-to-date basis. Notably, Rigetti Computing delivered disappointing top-line for the first quarter, with revenue plunging 52% year-over-year to $1.5 million. While the company swung to a profit in Q1 2025 from a loss in the prior-year quarter, it was due to non-cash gains from the change in fair value of derivative warrants and earn-out liabilities. Nonetheless, management is confident about the road ahead, supported by nearly $238 million in cash, cash equivalents, and available-for-sale investments after a recent strategic investment from Quanta Computer. What Is the Price Target for RGTI Stock? Recently, Benchmark's Williams reiterated a Buy rating on Rigetti Computing stock with a price target of $14. The 5-star analyst said that he remains confident about RGTI's technology roadmap and its consistent advancement toward meeting 'internal fidelity goals.' He believes that RGTI's superconducting methodology and modular architecture give it an edge in solving the scalability issue encountered by gate-based systems. Williams contends that although RGTI projects a slower timeline for mass adoption versus its rivals, growing interest in QPU (quantum processing unit) hardware sales offers near-term revenue potential ahead of wider quantum uptake. He is encouraged by consistent execution across every element of the technology platform, with 'fidelity standing as the key remaining obstacle to realizing quantum advantage.' Despite RGTI's cautious outlook, Williams believes that the company is strategically positioned with a compelling architecture, significant IP moat, and strong balance sheet to support its initiatives. RGTI stock price target of $15 implies about 7% upside potential from current levels. D-Wave Quantum (NYSE:QBTS) D-Wave Quantum Inc. claims to be the only company in the world that is building both annealing and gate-model quantum computers, with a focus on unlocking commercial use cases in optimization. The company recently reported impressive first-quarter results, delivering a 509% year-over-year jump in revenue to $15 million. CEO Dr. Alan Baratz stated that Q1 2025 was 'arguably the most significant in D-Wave's history.' Notably, the company recognized revenue on the sale of its first Advantage system to a major research institution in the quarter and became the first company to demonstrate quantum supremacy over classical computing on a real-world problem. QBTS stock also rallied earlier this week when the company announced that its sixth-generation Advantage2 system can be accessed via its Leap cloud platform. Overall, D-Wave Quantum stock has skyrocketed about 124% so far in 2025. Is QBTS Stock a Buy, Sell, or Hold? On May 21, B. Riley analyst Craig Ellis reiterated a Buy rating on D-Wave Quantum stock. Following the announcement related to the general availability of the company's Advantage2 quantum computer, the 5-star analyst noted that the sixth-gen machine's availability impresses with expected timing and shows solid gains in qubit connectivity to 20-way action to enable more complex problems, a 40% rise in energy scale and 75% reduction in noise for higher quality complex calculation solutions, and a 2x coherence boost for faster time to solution. He contended that while QBTS Bears point out that some of the information in the announcement was not entirely new, Bulls think that the update shows that the company is executing on its product roadmap, progressing deeper into the commercialization zone. Overall, Wall Street has a Strong Buy consensus rating on D-Wave Quantum stock based on six unanimous Buys. The average QBTS stock price target of $13 implies a possible downside of about 31%. Conclusion Wall Street is highly bullish on all three quantum computing stocks discussed here, as reflected in the Strong Buy rating. However, following the solid year-to-date rally, they see downside risk in IONQ and QBTS stocks. Meanwhile, RGTI stock scores unanimous Buys from all the analysts covering the stock, who are looking beyond the decline in Q1 revenue and are confident about the company's growth potential. They see the year-to-date pullback in RGTI stock as a buying opportunity. Nonetheless, investors should be aware of the high risk and volatility associated with quantum computing stocks before investing in them.
Yahoo
06-05-2025
- Business
- Yahoo
Rigetti Computing to Participate in Fireside Chat at 20th Annual Needham Technology, Media, & Consumer Conference
Rigetti Computing, Inc. BERKELEY, Calif., May 06, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) ('Rigetti' or the 'Company'), a pioneer in full-stack quantum-classical computing, announced today that Rigetti CEO, Dr. Subodh Kulkarni, will be participating in a fireside chat at the 20th Annual Needham Technology, Media & Consumer Conference on May 9, 2025. Information for the event is as follows: Webcast registration link: Presentation date: Friday, May 9, 2025 Time: 1:30 PM ET Investors can view a live webcast of the event by visiting the 'Events' section of Rigetti's Investor Relations website at . A replay will be available at the same location for 90 days following the conclusion of the event. About Rigetti Rigetti is a pioneer in full-stack quantum computing. The Company has operated quantum computers over the cloud since 2017 and serves global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform. In 2021, Rigetti began selling on-premises quantum computing systems with qubit counts between 24 and 84 qubits, supporting national laboratories and quantum computing centers. Rigetti's 9-qubit Novera™ QPU was introduced in 2023 supporting a broader R&D community with a high-performance, on-premises QPU designed to plug into a customer's existing cryogenic and control systems. The Company's proprietary quantum-classical infrastructure provides high-performance integration with public and private clouds for practical quantum computing. Rigetti has developed the industry's first multi-chip quantum processor for scalable quantum computing systems. The Company designs and manufactures its chips in-house at Fab-1, the industry's first dedicated and integrated quantum device manufacturing facility. Learn more at . Rigetti Computing Media Contact: press@
Yahoo
03-05-2025
- Business
- Yahoo
Rigetti Computing Closes Investment by Quanta Computer
BERKELEY, Calif., April 30, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) ('Rigetti' or the 'Company'), a pioneer in full-stack quantum-classical computing, announced today that it has closed the previously announced investment by Quanta Computer Inc. ('Quanta', TWSE: related to their strategic collaboration agreement. In connection with the closing, Quanta purchased approximately $35 million of shares of Rigetti common stock at approximately $11.59 per share. 'We are pleased to take this next step in our strategic collaboration with Quanta,' says Dr. Subodh Kulkarni, Rigetti CEO. 'Quanta's world-leading expertise in notebook and server manufacturing paired with Rigetti as a pioneer in superconducting quantum computing will help put us at the forefront of the quantum computing industry.' About RigettiRigetti is a pioneer in full-stack quantum computing. The Company has operated quantum computers over the cloud since 2017 and serves global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform. In 2021, Rigetti began selling on-premises quantum computing systems with qubit counts between 24 and 84 qubits, supporting national laboratories and quantum computing centers. Rigetti's 9-qubit Novera QPU was introduced in 2023 supporting a broader R&D community with a high-performance, on-premises QPU designed to plug into a customer's existing cryogenic and control systems. The Company's proprietary quantum-classical infrastructure provides high-performance integration with public and private clouds for practical quantum computing. Rigetti has developed the industry's first multi-chip quantum processor for scalable quantum computing systems. The Company designs and manufactures its chips in-house at Fab-1, the industry's first dedicated and integrated quantum device manufacturing facility. Learn more at Rigetti Media Contactpress@ Cautionary Language and Forward-Looking StatementsCertain statements in this communication may be considered 'forward-looking statements' within the meaning of the federal securities laws, including statements with respect to the Company's future success and performance, including expectations with respect to timing of the development and commercialization of superconducting quantum computing; expectations regarding the advantages and impact of the strategic collaboration agreement with Quanta on the Company's operations, technology roadmap, milestones, and the Company's position in the industry. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by the Company and its management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: the Company's ability to achieve milestones, technological advancements, including with respect to its technology roadmap; the ability of the Company to obtain government contracts successfully and in a timely manner and the availability of government funding; the potential of quantum computing; the success of the Company's partnerships and collaborations, including the strategic collaboration with Quanta; the Company's ability to accelerate its development of multiple generations of quantum processors; the outcome of any legal proceedings that may be instituted against the Company or others; the ability to maintain relationships with customers and suppliers and attract and retain management and key employees; costs related to operating as a public company; changes in applicable laws or regulations; the possibility that the Company may be adversely affected by other economic, business, or competitive factors; the Company's estimates of expenses and profitability; the evolution of the markets in which the Company competes; the ability of the Company to implement its strategic initiatives and expansion plans; the expected use of proceeds from the Company's past and future financings or other capital; the sufficiency of the Company's cash resources; unfavorable conditions in the Company's industry, the global economy or global supply chain, including rising inflation and interest rates, deteriorating international trade relations, political turmoil, natural catastrophes, warfare and terrorist attacks; and other risks and uncertainties set forth in the section entitled 'Risk Factors' and 'Cautionary Note Regarding Forward-Looking Statements' in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, and other documents filed by the Company from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation and does not intend to update or revise these forward-looking statements other than as required by applicable law. The Company does not give any assurance that it will achieve its in to access your portfolio
Yahoo
03-05-2025
- Business
- Yahoo
Rigetti Computing to Report First Quarter 2025 Financial Results and Host Conference Call on May 12, 2025
BERKELEY, Calif., April 28, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (Nasdaq: RGTI), a pioneer in hybrid quantum-classical computing, announced today that it will release first quarter 2025 results on May 12, 2025 after market close. The Company will host a conference call to discuss its financial results and provide an update on its business operations at 5:00 p.m. ET the same day. Key details regarding the call are as follows: Call Date: Monday, May 12, 2025Call Time: 5:00 p.m. ET / 2:00 p.m. PTWebcast Link: Live Call Participant Link: Webcast InstructionsYou can listen to a live audio webcast of the conference call by visiting the 'Webcast Link' above or the "Events & Presentations" section of the Company's Investor Relations website at A replay of the conference call will be available at the same locations following the conclusion of the call for one year. Live Call Participant InstructionsTo participate in the live call, you must register using the 'Live Call Participant Link' above. Once registered, you will receive dial-in numbers and a unique PIN number. When you dial in, you will input your PIN and be routed into the call. If you register and forget your PIN, or lose the registration confirmation email, simply re-register to receive a new PIN. About RigettiRigetti is a pioneer in full-stack quantum computing. The Company has operated quantum computers over the cloud since 2017 and serves global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform. In 2021, Rigetti began selling on-premises quantum computing systems with qubit counts between 24 and 84 qubits, supporting national laboratories and quantum computing centers. Rigetti's 9-qubit Novera™ QPU was introduced in 2023 supporting a broader R&D community with a high-performance, on-premises QPU designed to plug into a customer's existing cryogenic and control systems. The Company's proprietary quantum-classical infrastructure provides high-performance integration with public and private clouds for practical quantum computing. Rigetti has developed the industry's first multi-chip quantum processor for scalable quantum computing systems. The Company designs and manufactures its chips in-house at Fab-1, the industry's first dedicated and integrated quantum device manufacturing facility. Learn more at Rigetti Computing Media Contact:press@ Computing Investor Relations Contact:IR@ in to access your portfolio
Globe and Mail
30-04-2025
- Business
- Globe and Mail
Rigetti Computing Closes Investment by Quanta Computer
BERKELEY, Calif., April 30, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) ('Rigetti' or the 'Company'), a pioneer in full-stack quantum-classical computing, announced today that it has closed the previously announced investment by Quanta Computer Inc. ('Quanta', TWSE: related to their strategic collaboration agreement. In connection with the closing, Quanta purchased approximately $35 million of shares of Rigetti common stock at approximately $11.59 per share. 'We are pleased to take this next step in our strategic collaboration with Quanta,' says Dr. Subodh Kulkarni, Rigetti CEO. 'Quanta's world-leading expertise in notebook and server manufacturing paired with Rigetti as a pioneer in superconducting quantum computing will help put us at the forefront of the quantum computing industry.' About Rigetti Rigetti is a pioneer in full-stack quantum computing. The Company has operated quantum computers over the cloud since 2017 and serves global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform. In 2021, Rigetti began selling on-premises quantum computing systems with qubit counts between 24 and 84 qubits, supporting national laboratories and quantum computing centers. Rigetti's 9-qubit Novera QPU was introduced in 2023 supporting a broader R&D community with a high-performance, on-premises QPU designed to plug into a customer's existing cryogenic and control systems. The Company's proprietary quantum-classical infrastructure provides high-performance integration with public and private clouds for practical quantum computing. Rigetti has developed the industry's first multi-chip quantum processor for scalable quantum computing systems. The Company designs and manufactures its chips in-house at Fab-1, the industry's first dedicated and integrated quantum device manufacturing facility. Learn more at Rigetti Media Contact press@ Cautionary Language and Forward-Looking Statements Certain statements in this communication may be considered 'forward-looking statements' within the meaning of the federal securities laws, including statements with respect to the Company's future success and performance, including expectations with respect to timing of the development and commercialization of superconducting quantum computing; expectations regarding the advantages and impact of the strategic collaboration agreement with Quanta on the Company's operations, technology roadmap, milestones, and the Company's position in the industry. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by the Company and its management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: the Company's ability to achieve milestones, technological advancements, including with respect to its technology roadmap; the ability of the Company to obtain government contracts successfully and in a timely manner and the availability of government funding; the potential of quantum computing; the success of the Company's partnerships and collaborations, including the strategic collaboration with Quanta; the Company's ability to accelerate its development of multiple generations of quantum processors; the outcome of any legal proceedings that may be instituted against the Company or others; the ability to maintain relationships with customers and suppliers and attract and retain management and key employees; costs related to operating as a public company; changes in applicable laws or regulations; the possibility that the Company may be adversely affected by other economic, business, or competitive factors; the Company's estimates of expenses and profitability; the evolution of the markets in which the Company competes; the ability of the Company to implement its strategic initiatives and expansion plans; the expected use of proceeds from the Company's past and future financings or other capital; the sufficiency of the Company's cash resources; unfavorable conditions in the Company's industry, the global economy or global supply chain, including rising inflation and interest rates, deteriorating international trade relations, political turmoil, natural catastrophes, warfare and terrorist attacks; and other risks and uncertainties set forth in the section entitled 'Risk Factors' and 'Cautionary Note Regarding Forward-Looking Statements' in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, and other documents filed by the Company from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation and does not intend to update or revise these forward-looking statements other than as required by applicable law. The Company does not give any assurance that it will achieve its expectations.
