Key Facts: Rigetti Computing has been on a historic tear in 2025, rising roughly 50× from penny-stock levels to intraday highs near $56ts2.tech. By Oct. 30, 2025 it closed around $42.52stockanalysis.com. Its YTD gain far eclipses peers like IonQ or D-Wavets2.tech. Recent catalysts include major deals and tech wins: in late Sept 2025 Rigetti won a $5.8 M U.S. Air Force quantum-networking contract and concurrently booked ~$5.7 M in orders for two new 9-qubit Novera™ systemsts2.techrigetti.com. In late Oct, Rigetti announced support for NVIDIA’s NVQLink platform – NVIDIA’s initiative to integrate AI supercomputing with quantum hardwareglobenewswire.com. The company will report Q3 2025 results on Nov. 10globenewswire.com. Analyst sentiment is mixed: nearly all analysts rate RGTI a “Buy,” but 12-month price targets average in the $20–30 rangets2.techstockanalysis.com. Experts note valuation is extreme – Rigetti’s market cap is enormous compared to revenuests2.tech, implying a sales multiple on the order of 1,500×. In short, this rally is fueled by optimism about Rigetti’s technology and contracts, but many warn it may be unsustainable without a big leap in fundamentals.
