Rigetti Computing: A Buy Despite Low Revenues In An Emerging Field [Seeking Alpha]
Rigetti Computing, Inc. (RGTI)
Company Research
Source: Seeking Alpha
The company is expecting strong earnings in Q4 2023 and has several intellectual property rights that could increase its valuation. Rigetti is working on a project partnership with Oak Ridge National Laboratory to demonstrate the integration of high-performance computing and quantum devices. Rigetti Computing ( NASDAQ: RGTI ) has surged 172.43% (YoY) almost breaking the $2 barrier and is now trading 42.27% below its 52-week high of $3.43 (as of this writing). This increase comes a few months after media reports indicated the company had “filed a prospectus” in a bid to raise $250 million through a mixed-shelf offering. Two years have passed since RGTI went public through a SPAC merger (after its formation in 2013) and has been innovating different quantum computing elements. This includes related chips and integrative software, where the quantum processing units (QPUs) can be accessed on the cloud. Quantum computing is part of the four industries which, according to a McKinsey ar
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RGTI
News
- Rigetti Computing Launches the Novera™ QPU Partner Program [Yahoo! Finance]Yahoo! Finance
- Rigetti Computing Launches the Novera™ QPU Partner ProgramGlobeNewswire
- Why the Market Dipped But Rigetti Computing, Inc. (RGTI) Gained Today [Yahoo! Finance]Yahoo! Finance
- Rigetti Computing Delivers Novera™ QPU to Horizon Quantum Computing for Singapore-Based Hardware Testbed [Yahoo! Finance]Yahoo! Finance
- Rigetti Computing Delivers Novera™ QPU to Horizon Quantum Computing for Singapore-Based Hardware TestbedGlobeNewswire
RGTI
Earnings
- 11/9/23 - Miss
RGTI
Sec Filings
- 4/10/24 - Form PRE
- 4/2/24 - Form S-8
- 3/18/24 - Form 4
- RGTI's page on the SEC website