Rigetti Delay Puts Cepheus Roadmap And Quantum Competition Under Scrutiny - simplywall.st

ShareCopy Link Rigetti Computing (NasdaqCM:RGTI) has postponed the launch of its Cepheus-1-108Q quantum computer due to technical issues. The delay affects the company’s most advanced system, which had been positioned as a key milestone in its product roadmap. Rigetti focuses on building quantum computers and offering access to its systems through cloud platforms, aiming to serve use cases in areas such as optimization and simulation. The timing of this delay comes as other quantum players are expanding their capabilities, including through acquisitions that add technology, customers, or capital. For Rigetti, pushing back Cepheus-1-108Q puts extra attention on how it executes on engineering milestones and partnership commitments. For investors, the main issue is how this postponement affects Rigetti's ability to keep pace with peers that are scaling systems and striking larger commercial deals. The company’s response to the technical setbacks, any revised timelines, and how customers react to the delay may be important reference points when assessing execution risk and the broader thesis around NasdaqCM:RGTI. Stay updated on the most important news stories for Rigetti Computing by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Rigetti Computing. NasdaqCM:RGTI 1-Year Stock Price Chart Why Rigetti Computing could be great value The delay of Cepheus-1-108Q keeps Rigetti in the spotlight at a time when investors are closely comparing quantum players such as IonQ, IBM, and Alphabet. Pushing back its most advanced system may increase questions about Rigetti's execution on complex hardware, especially as IonQ is using a US$1.8b acquisition to expand manufacturing, which some investors may see as a sign of scale and momentum elsewhere in the sector. AdvertisementHow This Fits Into The Rigetti Computing Narrative The postponement sits against a story that has been built around Rigetti progressing to 150 plus qubit and 1,000 plus qubit systems and expanding Novera on premises deployments for research and industrial users. For investors who follow the existing narratives that emphasize government contracts, collaborations with partners such as NVIDIA, and potential hybrid AI workloads, this setback may prompt a closer look at how quickly those use cases depend on the successful rollout of next generation hardware like Cepheus-1-108Q. Risks and rewards investors are weighing now ⚠️ Execution risk on the long term technology roadmap, where DARPA has already highlighted gaps in areas such as error correction and long range coupling, could be reinforced by this delay. ⚠️ Revenue concentration in government and public sector programs, together with historically low gross margins on some contracts, may limit flexibility if technical issues require extra time and spending. 🎁 A cash balance of roughly US$600m with no debt provides a financial cushion for setbacks and gives Rigetti room to keep investing in R&D and potential fabrication options. 🎁 Existing collaborations with institutions and partners in the US, U.K., Europe, and India keep Rigetti plugged into multiple funding pools and potential workloads if it can get larger systems into the field. What to watch next From here, investors are likely to focus on how quickly Rigetti can provide a revised timeline for Cepheus-1-108Q, whether customers stick with pilot programs while they wait, and how the company positions itself relative to well funded peers such as IonQ, IBM, and Alphabet. For a broader view of how others are interpreting these developments, you can check community narratives on Rigetti's dedicated page and compare them with your own expectations. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

Simply Wall St has no position in any stocks mentioned.New: AI Stock Screener & AlertsOur new AI Stock Screener scans the market every day to uncover opportunities.• Dividend Powerhouses (3%+ Yield)• Undervalued Small Caps with Insider Buying• High growth Tech and AI CompaniesOr build your own from over 50 metrics.Explore Now for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.comAbout NasdaqCM:RGTIRigetti ComputingThrough its subsidiaries, builds quantum computers and the superconducting quantum processors the United States, the United Kingdom, rest of Europe, Asia, and internationally.See The Free Research ReportExcellent balance sheet with slight risk.See The Free Research ReportSimilar CompaniesNasdaqGS:INTCIntelNasdaqGS:GOOGLAlphabetMarket InsightsWhy alternative investments are making a splash 🖼️Richard BowmanWhy longer lifespans could reshape portfolios 🧓Stella OngHow to invest when commodity prices get messy ⚖️Richard BowmanAdvertisementDiscover moreSimply Wall StSimply WallWeekly PicksTATalos on Tesla · 12 days agoThe "Physical AI" Monopoly – A New Industrial RevolutionFair Value:US$665.3635.6% undervalued25 followersusers have followed this narrative·14 commentsusers have commented on this narrative·16 likesusers have liked this narrativeMAMarek_Trnka on CSG · 14 days agoCzechoslovak Group - is it really so hot?Fair Value:€5547.0% undervalued34 followersusers have followed this narrative·1 commentusers have commented on this narrative·13 likesusers have liked this narrativeALalex30free on Swedencare · 5 days agoThe Compound Effect: From Acquisition to IntegrationFair Value:SEK 46.2846.5% undervalued9 followersusers have followed this narrative·0 commentsusers have commented on this narrative·1 likeusers have liked this narrativeRecently Updated NarrativesCOCoward_Nutlick on Elicio Therapeutics · about 1 hour agoVery BullishFair Value:US$10091.6% undervalued12 followersusers have followed this narrative·0 commentsusers have commented on this narrative·1 likeusers have liked this narrativeDMDMXS on Coca-Cola HBC · about 5 hours agoA Tale of Two Engines: Coca-Cola HBC (EEE.AT) Fair Value:€576.1% undervalued2 followersusers have followed this narrative·0 commentsusers have commented on this narrative·0 likesusers have liked this narrativeCOcomposite32 on TotalEnergies · about 10 hours agoThis strategic transformation of TTE? Significant re-rating potentialFair Value:€68.56.1% undervalued2 followersusers have followed this narrative·0 commentsusers have commented on this narrative·0 likesusers have liked this narrativePopular NarrativesOOOOO97 on Neo Performance Materials · about 1 month agoUndervalued Key Player in Magnets/Rare EarthFair Value:CA$25.3317.2% undervalued78 followersusers have followed this narrative·0 commentsusers have commented on this narrative·20 likesusers have liked this narrativeDAdavidlsander on Ubisoft Entertainment · 8 days agoIs Ubisoft the Market’s Biggest Pricing Error?

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