Rigetti Computing, Inc. (RGTI): Among the Best Quantum Computing Stocks to Invest in Now
Our Methodology
To compile the list of 12 Best Quantum Computing Stocks to Invest in Now, we conducted thorough research, analyzing multiple financial media reports and industry reports. Starting with an initial list of 20 companies, we narrowed it down by choosing pure-play quantum computing stocks that are popular among elite hedge funds. The final selection is ranked in ascending order of their hedge fund sentiment, as of Q4 2024.
At Insider Monkey, we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
A close up of an engineer typing at a quantum computing station in a modern office space.
Rigetti Computing, Inc. (NASDAQ:RGTI)
Number of Hedge Fund Holders: 17
Rigetti Computing, Inc. (NASDAQ:RGTI) builds and operates quantum computers designed to solve complex problems with superior speed and energy efficiency. The company’s scalable, patented multi-chip architecture underpins next-gen systems targeting breakthroughs in climate, healthcare, and AI. As a vertically integrated company with its own fabrication facility, the company controls chip production and deploys full-stack solutions via cloud services and hardware sales. With the 2024 launch of our high-fidelity 84-qubit Ankaa-3 system, Rigetti Computing, Inc. (NASDAQ:RGTI) continues advancing performance and accessibility for partners and researchers in quantum computing.
Rigetti Computing, Inc. (NASDAQ:RGTI) has over a $100 million strategic partnership with Quanta Computer, a leading Taiwanese electronics manufacturer, which will also invest $35 million in Rigetti’s stock. Rigetti launched its 84-qubit Ankaa-3 system, achieving significant improvements in gate fidelity. Rigetti also plans to scale beyond 100 qubits by year-end using modular chiplet architecture. With $217 million in cash and investments, plus the Quanta deal, Rigetti anticipates sufficient funding for at least three years, focusing on R&D and aiming for commercial readiness within four to five years. Rigetti is working to demonstrate a 4×9 qubit fidelity of 99.5% by mid-2025, a key milestone in its roadmap focused on chiplet-based tiling architecture. Collaborations with QphoX and Qblox aim to replace bulky coax cables with flex and eventually fiber optics, crucial for scaling beyond 100,000 qubits. Rigetti is also pursuing a $300 million+ DARPA project to build a utility-scale quantum computer by 2033. Its open, modular architecture is seen as a competitive advantage, allowing integration of third-party innovations and making it a top contender alongside IBM and Google.
Overall, RGTI ranks 8th on our list of best quantum computing stocks to invest in now. While we acknowledge the growth potential of RGTI, our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than RGTI but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
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