Should You Invest in Rigetti Computing for Quantum Computing Growth?

Rigetti Computing is a high-risk, high-reward investment in the quantum computing field. The company is focused on developing and commercializing quantum computing technology, with the potential for significant growth if successful. However, investing in Rigetti Computing carries a risk of obsolescence if another competitor surpasses its technology, and the company lacks the financial backing of larger tech companies. The stock is expected to see substantial rewards if Rigetti Computing wins the quantum computing race, but investors should be aware of the risks involved.

Rigetti Computing, a company focused on developing and commercializing quantum computing technology, has recently achieved significant milestones that have piqued investor interest. The company's stock has surged following announcements of technological advancements and government contracts, signaling a promising future in the quantum computing field.

Rigetti Computing's latest breakthrough, achieving 99.5% median 2-qubit gate fidelity on its new 36-qubit system, has been hailed as a substantial step forward in the quest for fault-tolerant quantum computing [1]. This technological achievement is crucial because it indicates more accurate quantum operations, which are essential for the advancement of the field. Rigetti's CEO, Subodh Kulkarni, highlighted their commitment to utilizing superconducting qubits, which provide gate speeds over a thousand times faster than alternative technologies such as ion traps and pure atoms, significantly enhancing scalability for higher qubit count systems [2].

The company's financial performance also offers some insights into its potential. Rigetti Computing completed a $350 million equity offering in June, bringing total cash to approximately $575 million with zero debt. This substantial financial backing provides a strong foundation for the company's operations and research [1]. However, investors should be aware of the risks, as Rigetti Computing currently depicts high volatility, with a substantial 52-week price range from a low of $0.66 to a high of $21.42 [2].

Moreover, Rigetti Computing's strategic partnerships have further validated its approach. The company has secured several research contracts from the Department of Defense and the U.K. government, and has partnered with Nvidia and Quanta Computer, indicating confidence in its technology [1]. However, the company's financial and operational challenges remain significant, with profitability being a key concern [2].

In the broader context of the quantum computing industry, Rigetti Computing faces stiff competition from other companies such as IonQ, IBM, and Alphabet. The potential applications of quantum computing are vast, ranging from drug discovery to cryptography, and could be worth trillions. However, the path to quantum advantage remains challenging, and the industry is still in its early stages [1].

For investors willing to accept substantial risk, Rigetti Computing offers exposure to quantum computing's tremendous upside potential. The company has solid technology, adequate funding, and credible partnerships. However, in a field where competition is fierce, picking winners remains a speculative exercise. Position sizing with this name should be paramount right now.

References:
[1] https://www.fool.com/investing/2025/07/17/1-quantum-computing-stock-to-buy-right-now/
[2] https://www.gurufocus.com/news/2987813/rigetti-computing-rgti-shares-surge-on-quantum-computing-breakthrough