TLDR
- Rigetti Computing stock has gained 47.6% since Jim Cramer called it “the worst” quantum computing stock in January
- The company partnered with Montana State University for quantum research and hardware development initiatives
- Stock is trading up 9.78% recently despite missing Q2 earnings expectations with EPS of -13c vs -4c consensus
- Company launched its largest multi-chip quantum computer to date, showing continued innovation progress
- Analysts have raised price targets for RGTI citing momentum in the quantum computing sector
Rigetti Computing has defied expectations in recent months. The quantum computing company’s stock has climbed 47.6% since television host Jim Cramer labeled it “the worst” quantum stock in January.
The rally comes as Rigetti announced a research partnership with Montana State University on August 20, 2025. This collaboration focuses on quantum hardware development and workforce training programs.
Financial Performance Shows Mixed Results
Rigetti’s recent financial performance presents a complex picture. The company missed Q2 earnings estimates with a loss of 13 cents per share compared to the expected 4 cents loss.
Despite the earnings miss, the stock has shown resilience. Trading has moved between $15.71 and $16.94 in recent sessions.
The company maintains strong liquidity with a current ratio of 41.6 and minimal debt. However, profit margins remain deeply negative at -2065 EBIT margin, reflecting the challenges of early-stage quantum technology development.
Rigetti’s price-to-sales ratio sits at 625.83, indicating high investor expectations for future growth. Revenue generation remains a key challenge for the company moving forward.
Technology Advancement Drives Interest
The Montana State partnership represents a strategic move for Rigetti. The collaboration will integrate a Rigetti Novera QPU into new research facilities.
This partnership could strengthen Rigetti’s research and development capabilities. Multiple joint projects are planned between the university and the company.
Rigetti recently launched what it calls the industry’s largest multi-chip quantum computer. This technological milestone occurred despite the challenging financial performance.
The quantum computing sector has faced skepticism from some industry leaders. NVIDIA CEO Jensen Huang previously suggested practical quantum applications remain 20 years away.
Cramer’s January comments came during a difficult period for quantum stocks. He criticized Rigetti’s $50 million share offering at $2.11 per share, noting the company’s flat revenue performance.
The stock dropped 45.4% on the day of Cramer’s remarks. Since then, however, the recovery has been substantial.
Analysts have responded to recent developments by raising price targets for RGTI. Industry momentum in quantum computing has been cited as a key factor in these upgrades.
The company’s stock performance contrasts with broader market volatility in the technology sector. Investor interest in quantum computing applications continues to drive speculation.
Rigetti’s current market position reflects both the promise and uncertainty of quantum technology. The company operates in a field where commercial viability remains years away.
The Montana State University partnership announcement on August 20, 2025 represents the most recent development in Rigetti’s expansion strategy.
