Rigetti Computing Stock News

Investing in the stock market requires extraordinary patience. Warren Buffett didn't become a billionaire until decades after purchasing the struggling textile company Berkshire Hathaway and transforming it into a diversified holding company powerhouse.

Rigetti Computing (RGTI 17.89%), one of the early movers in the nascent quantum computing market, posted its first-quarter earnings report on May 12. Its revenue plunged 52% year over year to $1.47 million and missed the consensus forecast for an 8% decline.

The volatile, up-and-down nature of quantum computing stocks was strongly in evidence Wednesday with sector title Rigetti Computing (RGTI 17.89%). The company's shares lept 18% higher, on the back of a major quantum computing deal announced by a peer.

Rigetti Computing is a speculative investment due to the quantum computing market's immaturity and the company's high cash burn rate and declining financials. Q1/2025 results were disappointing, with revenues below expectations and increased operating losses, highlighting the company's financial instability. The company's valuation is overinflated, trading at high sales multiples despite minima...

Shares of Rigetti Computing (RGTI -12.08%) are plummeting on Tuesday. The quantum computing company's stock plunged 10% as of 12:46 p.m.

Rigetti Computing Inc. (NASDAQ: RGTI) lost as much as 12% on Tuesday after reporting its financial results for the first quarter, which disappointed across the board. In Q1, the quantum technology company brought in $1.5 million in revenue, which translates to a more than 50% decline on a year-over-year basis and a 35% decline sequentially.

Rigetti Computing's Q1 2025 earnings are unimpressive, with declining revenue growth and rapid share dilution, making the stock unattractive despite the sector's current popularity. The company faces significant challenges in scaling its quantum computing technology and intense competition from major players like IBM and newer companies like IonQ. Despite holding $200 million in cash and market...

Rigetti Computing, Inc. (NASDAQ:RGTI ) Q1 2025 Earnings Conference Call May 12, 2025 5:00 PM ET Company Participants Subodh Kulkarni - President and CEO Jeff Bertelsen - CFO Conference Call Participants Brian Kinstlinger - Alliance Global Partners David Williams - The Benchmark Company Quinn Bolton - Needham & Company Richard Shannon - Craig-Hallum Craig Ellis - B. Riley Securities Operator Tha...