Rigetti Computing (RGTI -1.09%) is on the verge of changing the world with quantum computing, but is it a speculative gamble or the next tech breakthrough? Learn why Rigetti is at the cutting edge of technology, what the financial risks are, and why this stock could potentially 10x in the next few years.
Quantum computing is often considered the next frontier for the tech industry. Unlike traditional computers, which store their data separately in binary bits of zeros and ones, quantum computers can process those bits simultaneously in qubits.
Rigetti Computing is rapidly diluting shareholders by issuing more stock to raise capital, giving the company ~$575 million in cash now. The quantum computing sector is highly competitive, with giants like IBM and Nvidia intensifying their efforts. Rigetti is forecast to sell minimal quantum computers through the end of the decade.
Rigetti Computing (RGTI -3.35%), a quantum computing company that makes hardware, software, and cloud systems for the technology, has seen its share price surge more than 1,000% over the past year. Whenever a company's stock goes like absolute gangbusters, it's worth taking a closer look and asking, "What makes this company so special?
Quantum computing stocks are still quite hot in the market, although their week-to-week performance can be incredibly volatile. For example, one of the more popular quantum computing plays, Rigetti Computing (RGTI -3.12%), set a new all-time high right at the end of 2024, but plunged 70% just a few weeks into 2025.
Sometimes, the most beaten-down stocks present tomorrow's most compelling opportunities. Rigetti Computing (RGTI 11.16%) has seen its stock stumble in 2025 (down 26% as of June 10), while its closest competitors have crushed the broader markets.
Rigetti Computing (RGTI 11.16%) stock is roaring higher in Wednesday's trading thanks to multiple positive catalysts. The quantum computing specialist's share price was up 10.9% as of 3:30 p.m.
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