About Rigetti Computing, Inc. - Common stock (RGTI)
Rigetti Computing is a pioneering technology company that specializes in quantum computing, focusing on developing advanced quantum processors and software solutions. The company aims to harness the unique capabilities of quantum mechanics to solve complex computational problems that are beyond the reach of classical computers. Through its cloud-based platform, Rigetti provides access to its quantum computers, enabling researchers, developers, and businesses to explore applications in areas such as cryptography, optimization, and material science. By pushing the boundaries of quantum technologies, Rigetti is contributing to the evolution of computing and the potential transformation of various industries. Read More
NVIDIA (NASDAQ: NVDA) ignited a surge in quantum computing stocks after CEO Jensen Huang declared the industry had reached an “inflection point,” reversing prior skepticism about near-term applications. Speaking at the VivaTech conference, Huang said NVIDIA’s Cuda-Q platform is now enabling practical quantum-classical hybrid solutions in fields like chemistry and finance. The announcement boosted investor confidence in the space, sending shares of Quantum Computing Inc. (NASDAQ: QUBT), IonQ Inc. (NASDAQ: IONQ), Rigetti Computing Inc. (NASDAQ: RGTI), D-Wave Quantum Inc. (NYSE: QBTS), and Arqit Quantum Inc. (NASDAQ: ARQQ) notably higher in trading.
BERKELEY, Calif., June 11, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced that it has completed sales of $350 million gross proceeds of its common stock pursuant to its previously disclosed at-the-market equity offering program. With this additional funding, Rigetti will have approximately $575 million of cash, cash equivalents and available-for-sale investments with no debt, and is well positioned to support commercial scale-up of its superconducting gate-based quantum computers. Rigetti intends to use the proceeds from the offering primarily for working capital, capital expenditures and other general corporate purposes, and may also use a portion of the net proceeds to enter into strategic collaborations, acquisitions or partnerships in the future.
Quantum computing could change the world over the coming decades. It's not too early to think about how to profit from this generational technological leap.
