Rigetti Computing's 15min chart triggered Bollinger Bands Narrowing, KDJ Death Cross alert.

Based on Rigetti Computing's 15-minute chart, the Bollinger Bands are narrowing, and a KDJ Death Cross has been triggered at 10:00 on September 8, 2025. This suggests that the magnitude of stock price fluctuations is decreasing, and there is a shift in momentum towards the downside with potential for further decreases in stock price.

Rigetti Computing, Inc. (NASDAQ: RGTI) shares have been experiencing a downward trend, influenced by broader market weakness in quantum technology stocks. Rising Treasury yields have been a significant factor in this decline, impacting growth-oriented equities. Despite the market turbulence, Rigetti Computing announced a strategic collaboration with India’s Centre for Development of Advanced Computing (C-DAC) on Tuesday. The partnership aims to co-develop hybrid quantum computing systems for government laboratories and academic institutions.

The Memorandum of Understanding (MOU) signed between Rigetti and C-DAC outlines plans to combine C-DAC’s high-performance computing expertise with Rigetti’s superconducting-qubit technology. The goal is to design and commercialize practical hybrid systems. Key areas of focus include co-designing hybrid quantum architectures, advancing cryogenic electronics, and developing application workflows for priority use cases. Additionally, the partnership aims to expand talent pipelines in quantum and high-performance computing across India and the United States.

Rigetti positions its superconducting-qubit technology as well-suited for hybrid setups due to fast gate speeds and a path to scale. The company’s multi-chip approach, built on semiconductor manufacturing techniques, charts a route to high-qubit-count systems needed for error correction. Dr. Subodh Kulkarni, Rigetti CEO, commented, "By joining C-DAC’s renowned leadership in high-performance computing (HPC) solutions with Rigetti’s expertise in superconducting quantum computing systems, we have the opportunity to design and deliver powerful and practical hybrid computing systems."

Shri. E. Magesh, Director General of C-DAC, added, "Our partnership with Rigetti is a strategic step toward developing indigenous cryogenic electronics, superconducting quantum hardware, and securing access to advanced processor fabrication. This partnership is poised to drive impactful advancements in electronics and IT, reinforcing India’s position in next-generation technologies."

Rigetti recently showcased its multi-chip system, Cepheus-1-36Q, and has demonstrated scalability toward 100+-qubit chiplet-based systems as its flagship platform by year-end. The company noted that government programs dominate quantum funding globally, with McKinsey’s June 2025 Quantum Technology Monitor estimating roughly $1.8 billion in public commitments in 2024 and more than $10 billion announced in early 2025.

RGTI shares are trading lower by 7.49% to $15.02 at last check Tuesday. The partnership with C-DAC and the broader market conditions may impact the stock's performance. Rigetti and C-DAC plan to refine target use cases, progress hardware co-development, and engage industry and academic stakeholders as the hybrid infrastructure takes shape. They also expect to expand training initiatives to support long-term adoption of quantum-accelerated workflows.

References:
[1] https://finance.yahoo.com/news/rigetti-computing-partners-indias-c-170330772.html