Rigetti Stock: Valuation Gap Raises Hype vs. Opportunity Questions in Quantum Tech

Rigetti Computer (RGTI) has a multibillion-dollar market cap despite nearly zero revenue and negative cash flow. Analysts predict revenue will increase to $7.6 million in FY 2025 and $93.5 million in FY 2028, but most see this growth as ambitious. The company's valuation gap is a subject of criticism, with peers such as IonQ (IONQ) and D-Wave (QBTS) achieving commercialization and large tech companies potentially acquiring small quantum startups. Analysts advise distinguishing between hype and real traction, supporting companies with solid customer revenue bases, approved contracts, or regulatory successes.