Rigetti’s 36-qubit quantum computer achieves 99.5% gate fidelity, validating chiplet scaling. With $571.6 million in cash, the company is funded through 2026 despite minimal revenues. Extreme valuation at 495 times sales underscores the speculative nature of quantum computing investments. Revenue fell to $1.8 million in Q2 2025, reflecting contract timing. Rigetti is part of DARPA’s Quantum Benchmarking Initiative, alongside IBM and IonQ. Washington and Europe are investing billions in quantum computing. Rigetti’s modular design may give it a competitive edge. Rigetti raised $350 million in Q2, ending with $571.6 million in cash. Stock trades at 495 times sales, presenting a risky valuation. Rigetti’s technical progress and DARPA backing validate its strategy. Investors should weigh the risks before investing in Rigetti.

Read more at Yahoo Finance: Rigetti Computing: Time to Buy?