Rigetti Computing (RGTI) Soars on Quantum Hype: Stock Hits Highs Amid Deals & Doubts
Rigetti Computing shares surged to near $40 on Oct. 7, 2025, up 2,500% year-on-year and valuing the company at $11–13 billion. The rally followed $5.7 million in new orders, a $5.8 million U.S. Air Force contract, and the launch of its 36-qubit processor. Wall Street analysts remain cautious, with average price targets far below current levels. Rigetti’s annual revenue remains under $8 million despite the soaring valuation.