Rigetti Computing

Rigetti Computing, Inc. provides full-stack quantum computing services. It serves global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform. The company was founded by Chad Rigetti in 2013 and is headquartered in Berkeley, CA.

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Rigetti Computing advances quantum systems amidst financial challenges and growth opportunities

Rigetti Computing progresses with advanced quantum systems, strong financial backing, and strategic partnerships, but faces challenges in scaling and financial performance.
Opportunities in government funding, research collaborations, and technological innovation offer avenues for growth and differentiation in the competitive quantum computing landscape.

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Quantum computing technology and applications across sectors are advancing rapidly; the market is predicted to grow over 32% from 2023 to 2030, attracting attention toward multibagger quantum computing stocks. Furthermore, industry developments such as IBM's (NYSE: IBM ) 433-qubit Osprey processor represent a substantial advancement in quantum computing, enabling complicated calculations beyond traditional computers.

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The Novera QPU Partner Program aims to enable high-performing, on-premises quantum computing by creating an ecosystem of quantum computing hardware, software, and service providers who build and offer integral components of a functional quantum computing system. Novera QPU customers can work with Novera QPU partners to build a quantum computer powered by the Novera QPU that satisfies their system requirements and quantum computing research objectives.

Rigetti Computing Launches the Novera™ QPU Partner Program

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In the closing of the recent trading day, Rigetti Computing, Inc. (RGTI) stood at $1.17, denoting a +1.74% change from the preceding trading day.

Why the Market Dipped But Rigetti Computing, Inc. (RGTI) Gained Today

BERKELEY, Calif., April 23, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, announces the sale of a Novera™ quantum processing unit (QPU) to Horizon Quantum Computing.

Rigetti Computing Delivers Novera™ QPU to Horizon Quantum Computing for Singapore-Based Hardware Testbed

In the latest trading session, Rigetti Computing, Inc. (RGTI) closed at $1.17, marking a -0.85% move from the previous day.

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LONDON and OXFORD, United Kingdom, April 16, 2024 (GLOBE NEWSWIRE) -- Rigetti UK Limited, a wholly owned subsidiary of Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, and Oxford Instruments NanoScience, a leading provider of cryogenic systems, announce that their three-year project to build and operate one of the first quantum computers in the UK has been successfully completed. The consortium also included the Quantum Software Lab at the University of Edinburgh, Phasecraft, and Standard Chartered Bank.

Rigetti and Oxford Instruments Announce Successful Completion of Innovate UK Project to Launch One of the First UK-Based Quantum Computers

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The quantum computing industry is still in its relatively early stages, which means many companies in this space could be trading at attractive valuations compared to their long-term growth potential. This provides opportunities for the most undervalued quantum computing stocks to buy in April.

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Quantum computing is likely to bring about another revolution in computing that will overshadow the prescient artificial intelligence (AI) craze. This kind of computing technology has the potential to solve complex problems that generally slow down classical computers, such as optimization, cryptography, machine learning and simulation.

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If you're searching for undervalued quantum computing stocks to add to your portfolio this month, look no further. Never before in human history has technology progressed at the rate seen today.

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Rigetti Computing, Inc. (RGTI) Q4 2023 Earnings Call Transcript

Deployed the 84-qubit Ankaa™-2 quantum computer, with a 2.5X improvement in error performance compared to the Company's previous QPUs and achieved a 98% median 2-qubit fidelity. Won competition to develop and deliver a 24-qubit quantum computing system to the UK's National Quantum Computing Centre (NQCC).

Rigetti Computing Reports Fourth Quarter and Full Year 2023 Results

Rigetti Computing has experienced a surge in stock price, indicating high growth potential in the quantum computing industry. 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.

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BERKELEY, Calif., March 04, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (Nasdaq: RGTI), a pioneer in hybrid quantum-classical computing, announced today that it will release fourth quarter and full year 2023 results on Thursday, March 14, 2024 after market close.

Rigetti Computing to Report Fourth Quarter and Full Year 2023 Financial Results and Host Conference Call on March 14, 2024

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CAMBRIDGE, United Kingdom and BERKELEY, Calif., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Riverlane, the global leader in quantum error correction technology, and Rigetti (Nasdaq: RGTI), a pioneer in full-stack quantum-classical computing, today announced their participation in a project led by the US Department of Energy's Oak Ridge National Laboratory (ORNL) to explore the challenges of integrating a quantum computer with a large-scale, supercomputing centre.

News for Rigetti Computing Stock (RGTI)