From Yahoo Finance: 2025-06-01 09:00:00

Shares of Rigetti Computing (NASDAQ: RGTI) have surged over 1,249% in the last year, driven by its role in the quantum computing industry. Quantum computing has the potential to revolutionize various sectors, from drug discovery to logistics, with a projected economic impact in the trillions.

Rigetti aims to capitalize on this opportunity by offering quantum computing power through a cloud interface. Recent advancements in the industry, such as D-Wave Quantum’s supercomputer outperforming the world’s most powerful supercomputer, have boosted Rigetti’s stock. However, competition from companies like Alphabet poses a long-term threat.

Despite its growth potential, Rigetti faces challenges with declining revenue and increasing operating losses. Its lackluster financial performance and high valuation raise concerns about its future in a competitive market. Investors may want to explore other options in the quantum computing sector for better investment opportunities.

For investors considering Rigetti Computing, it’s crucial to weigh the risks and uncertainties associated with the company’s long-term prospects. Competition from better-capitalized players and its financial performance may impact its growth potential. Conduct thorough research before making investment decisions.

Read more: Where Will Rigetti Computing Be in 5 Years?