Rigetti Computing stock rises after 108-qubit system launch and Q1 outlook update
Updated
Updated · Simply Wall St · May 9
Rigetti Computing stock rises after 108-qubit system launch and Q1 outlook update
8 articles · Updated · Simply Wall St · May 9
The gain followed the launch of Cepheus-1-108Q on Rigetti’s cloud and AWS, with investors watching Q1 2026 updates on Novera deployments and an $8.4m C-DAC system.
The company said progress toward 99.9% two-qubit gate fidelities could help show whether higher-performance systems can translate into steadier revenue from commercial and government customers.
Attention remains on whether Rigetti can meet ambitious growth expectations while managing heavy cash burn, uneven contract timing and strong competition in superconducting quantum hardware.
With rivals claiming higher fidelity, is Rigetti's new quantum system already falling behind in the race for market dominance?
Rigetti's Q1 report is imminent; can new contracts possibly justify its massive cash burn and $6.7 billion valuation?