Rigetti's Selloff Reset The Setup

Yiannis Zourmpanos13.55K FollowersFollow5ShareSavePlay(10min)CommentsSummaryRigetti rallied from $22 to $56 before retracing to ~$23 on macro risk-off selling, resetting the buy setup.Management reaffirmed a 100+ qubit system by 2025, 150+ by 2026, and 1,000+ by 2027 with rising fidelity.Q3 2025 revenue declined 21% to $1.9 million, reflecting NQI funding timing rather than demand deterioration.Rigetti secured $5.7 million in on-prem system orders plus a $5.8 million AFRL contract, supporting an installed-base model.With ~$600 million in cash and ~$80–85 million annual burn, Rigetti has roughly five to six years of runway. GarryKillian/iStock via Getty Images Investment Thesis Since my last coverage, Rigetti Computing (RGTI) has made a strong move from $22 to $56, then retraced to ~$23 amid a broad risk-off liquidation across high-duration assets, not a deterioration in Rigetti’s roadmap or balance sheet. Now that the stock hasThis article was written byYiannis Zourmpanos13.55K FollowersFollowHi, I'm Yiannis. Spotting winners before they break out is what I do best.Experience: Previously worked at Deloitte and KPMG in external/internal auditing and consulting. Education: Chartered Certified Accountant, Fellow Member of ACCA Global, with BSc and MSc degrees from U.K. business schools. Investment Style: Spotting high-potential winners before they break out, focusing on asymmetric opportunities (with at least upside potential of 3-5X outweighing the downside risk). By leveraging market inefficiencies and contrarian insights, we seek to maximize long-term compounding while protecting against capital impairment.Risk management is paramount—we seek a strong margin of safety to protect against capital impairment while maximizing long-term compounding. Our 2-3 year investment horizon allows us to ride out volatility, ensuring that patience, discipline, and intelligent capital allocation drive outsized returns over time.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.