Wall Street Zen downgrades Rigetti Computing stock to sell

7 articles · Updated · ts2.tech · Apr 26

Rigetti shares fell 1.5% to $16.61, with a market cap of $5.4 billion, after the downgrade despite a broader 'Moderate Buy' consensus.
The move follows Rigetti’s launch of its 108-qubit Cepheus-1-108Q system on Amazon Braket and its own cloud, but comes amid persistent operating losses and heavy reliance on government contracts.
Rigetti reported $7.1 million in 2025 revenue against a $216.2 million net loss, with $589.8 million in cash reserves, highlighting ongoing investor concerns about profitability and execution in the competitive quantum computing sector.

As Rigetti hits a key milestone, why are its top executives selling their shares?

With 90% of revenue from government, is Rigetti a tech firm or a defense contractor?

Is Rigetti’s $5.4 billion valuation a fair price for the future or a speculative bubble?

Rigetti has hundreds of millions in cash but burns through it. How long is its runway?

Can Rigetti’s new India deal finally unlock the commercial revenue Wall Street demands?

While Rigetti scales up qubits, are rival technologies winning the critical error-correction race?