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Rigetti Computing’s Quantum Rally Faces a Harsh Reality
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Rigetti Computing Inc builds quantum computers and the superconducting quantum processors that power them. The Company sells 9-qubit to 108-qubit quantum computing systems under the Novera and Cepheus trade names. Through the Rigetti Quantum Cloud Services (QCS) platform, the Company's machines can be integrated into any public, private or hybrid cloud. The Company also operates in Fremont, California; London, United Kingdom; Adelaide, Australia; British Columbia, Canada and Mumbai, India. The Company's revenue is derived from operations in the United States and the United Kingdom.
Rigetti Computing trades on the NASDAQ stock market under the symbol RGTI.
As of July 8, 2026, RGTI stock price climbed to $16.67 with 9,613,857 million shares trading.
RGTI has a beta of 3.97, meaning it tends to be more sensitive to market movements. RGTI has a correlation of 0.18 to the broad based SPY ETF.
RGTI has a market cap of $5.54 billion. This is considered a Mid Cap stock.
Last quarter Rigetti Computing reported $4 million in Revenue and -$.04 earnings per share. This beat revenue expectation by $447,960 and met earnings estimates .
In the last 3 years, RGTI traded as high as $58.15 and as low as $.66.
The top ETF exchange traded funds that RGTI belongs to (by Net Assets): VTI, VB, IWM, VGT, VBR.
RGTI has outperformed the market in the last year with a return of +21.2%, while the SPY ETF gained +21.0%. In the last 3 month period, RGTI beat the market returning +20.4%, while SPY returned +13.1%. However, in the most recent 2 weeks RGTI has underperformed the stock market by returning -21.7%, while SPY returned +1.3%.
RGTI support price is $15.53 and resistance is $17.57 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RGTI shares will trade within this expected range on the day.