Out Fox The $treet

Update - March 21, 2025 Quantum Day didn't go very well. Rigetti CEO appeared to double-down on current quantum technology not being very useful.  Original article posted on Mar. 19 Rigetti Computing, Inc. reported weak Q4 results, with revenues dipping YoY. Nvidia's Quantum Day at the GTC 2025 event could temporarily boost Rigetti's stock based on quantum computing hype. Rigetti's CEO continues to emphasize limited commercial sales in the near future, relying heavily on government contracts and R&D milestones for now. Investors should consider cashing out if the stock surges due to the Nvidia event, as true commercialization is still 5 years away. The quantum computing space could see a major pop on any announcements coming out of the Quantum Day at the  Nvidia  ( NVDA ) GTC 2025 event this week.  Rigetti Computing, Inc.  ( NASDAQ: RGTI ) just  reported  weak Q4 results  and investors should hone in on the actual prospects of the quantum busi...

  Rigetti Computing, Inc. is overvalued with minimal revenues currently while facing major competition from tech giants like Google. Nvidia's Quantum Day event and Google's quantum chip news caused temporary stock surges, but don't change Rigetti's long-term business outlook. The CEO warned investors to tamp down expectations after the wild swings in the stock price. RGTI stock trades at nearly 200x '25 sales targets, with limited prospects for near-term material revenues. As with all the quantum computing stocks,  Rigetti Computing, Inc.  ( NASDAQ: RGTI ) is very richly valued. The stocks got a rebound bounce on the announcement of a first-ever quantum event from a large chip company, though the event is  highly unlikely to materially change the business path. My investment thesis is ultra-Bearish on the stretched valuation and minuscule results of the stock. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the dis...