Updated
Updated · Simply Wall St · Jul 15
Rigetti Wins India Deal for 108-Qubit Quantum Computer as Shares Stay Down 32% YTD
Updated
Updated · Simply Wall St · Jul 15

Rigetti Wins India Deal for 108-Qubit Quantum Computer as Shares Stay Down 32% YTD

2 articles · Updated · Simply Wall St · Jul 15

Summary

  • Rigetti Computing secured a contract to deliver a 108-qubit quantum computer to India’s Centre for Development of Advanced Computing, adding a commercial customer for its Cepheus-1-108Q system.
  • The deal underscores continued demand for Rigetti’s hardware even as quantum stocks face weaker risk appetite and macro-driven selling pressure.
  • Rigetti shares remain volatile despite the contract win, with the stock down 23.21% over 30 days and 31.74% year to date, though its one-year total shareholder return is still 26.65%.
  • Valuation remains a key debate: the most-followed narrative cited in the report puts fair value at $16 versus a last close of $16.11, while warning that heavy losses and milestone-driven contracts leave little room for execution slips.

Insights

Deemed 70% overvalued, is Rigetti's new India contract enough to justify its premium stock price?
As rivals achieve error correction, can Rigetti's strategy secure its future in the quantum race?