TLDR
- Rigetti Computing signed partnerships with India’s Centre for Development of Advanced Computing and Montana State University to expand global reach
- Stock trades at high price-to-book ratio of 9.77x, above industry average, raising valuation concerns
- Company advances hybrid quantum systems through Cepheus platform with chiplet-based architecture to reduce error rates
- Analysts maintain Zacks Rank #2 Buy rating despite high volatility and slow commercial progress
Rigetti Computing stock recently soared over 20% on Friday as the company forged new international partnerships and continued developing its hybrid quantum computing systems. The quantum computing firm signed a memorandum of understanding with India’s Centre for Development of Advanced Computing.
This collaboration aims to develop hybrid quantum systems for government and academic use. The partnership represents Rigetti’s push to expand beyond U.S. markets into emerging tech hubs.
The company also deepened its relationship with Montana State University. This gives researchers hands-on access to Rigetti’s Novera quantum system.
The company continues investing in its modular hybrid systems that combine quantum and classical computing. Its Cepheus platform focuses on chiplet-based architecture designed to reduce error rates and improve scalability.
Technical Progress Meets Financial Challenges
Rigetti’s technical strategy revolves around hybrid quantum systems where quantum processors work with classical computing. The company has demonstrated progress in reducing error rates through its modular systems approach.
Revenue is expected to decline nearly 20% in 2025. Losses are projected to continue, though they should improve compared to previous years.
The stock trades at a price-to-book ratio of 9.77x. This is higher than the industry average of 6.79x, suggesting investors may be pricing in future potential.
Analysts have assigned Rigetti a Zacks Rank #2 Buy rating. The rating reflects the stock’s high-growth, high-risk profile suited for patient investors with risk tolerance.
Market Position and Competition
Rigetti faces competition from other quantum computing companies taking different approaches. IonQ has expanded through partnerships with academic and cloud platforms using trapped-ion technology.
D-Wave Quantum continues advancing annealing-based solutions for enterprise optimization use cases. Quantum Computing Inc. focuses on software-driven tools and alliances to broaden accessibility.
Each company is carving distinct paths in the quantum race. The diversity of strategies reflects the various approaches to bringing quantum technology closer to real-world adoption.
Rigetti’s stock carries a “very high risk” label due to large daily price moves. Technical signals indicate a “hold/accumulate” rating with resistance around $16.56 and support near $13.86.
The stock is expected to move within a 7.52% range from its last closing price. This indicates continued volatility in the near term.
While Rigetti posts modest revenues and operates at a loss, its expanding global collaborations provide grounds for optimism. The partnerships with India’s C-DAC and Montana State University broaden its reach and reinforce credibility as a long-term quantum ecosystem player.
