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.