Should You Buy Rigetti Computing Stock Right Now?
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By Johnny Rice – Feb 6, 2026 at 2:27AM ESTKey PointsRigetti has a market cap exceeding $5.8 billion but generated just $7.5 million in revenue over the past 12 months.While optimism within the industry is high, useful quantum computing could be many years away. These 10 Stocks Could Mint the Next Wave of Millionaires ›NASDAQ: RGTIRigetti ComputingMarket Cap$4.9BToday's Changeangle-down(-12.88%) $2.21Current Price$14.97Price as of February 5, 2026 at 4:00 PM ETThe stock is priced for a quantum future that may be decades away.Rigetti Computing (RGTI 12.88%) has caught investors' attention. It's one of the few quantum computing companies with its own manufacturing facility, and it's shown it can deliver some impressive technology. If quantum computing delivers on its promise, Rigetti would be one of the names you'd want to own. ExpandNASDAQ: RGTIRigetti ComputingToday's Change(-12.88%) $-2.21Current Price$14.97Key Data PointsMarket Cap$4.9BDay's Range$14.83 - $16.6452wk Range$6.86 - $58.15Volume238KAvg Vol37MGross Margin-6849.48% The "when" is important The company has a market capitalization north of $5.8 billion, yet its sales in the last 12 months total just $7.5 million. That is a serious disconnect. Investors are pricing in a massive amount of future growth and, in my opinion, are too optimistic about the quantum computing's development timeline. A recent MIT report said that large-scale commercial applications -- the kind that justify multibillion-dollar market caps -- likely remain "far off." Morningstar agrees; its analysis puts general-use quantum computing two decades away. Image source: Getty Images. The bottom line for investors While stranger things have happened, I wouldn't count on a quantum computer from Rigetti or other pure-plays like it coming close to justifying their current valuations for a very long time. And along the way, the company must continually find funding that will likely be dilutive to shareholders. I think there are better opportunities out there that offer upside without the massive downside risk -- Alphabet would be where I'd put my money. Read NextFeb 3, 2026 •By Johnny RiceWhy Rigetti Stock Fell 18% in January To Start 2026Jan 30, 2026 •By Johnny RiceIf You'd Invested $5,000 in Rigetti Computing Stock (RGTI) 1 Year Ago, Here's How Much You'd Have TodayJan 29, 2026 •By Leo SunBetter Quantum Stock: Rigetti Computing vs. Quantum ComputingJan 29, 2026 •By John BromelsForget Rigetti Computing, This Established AI Giant Is a Safer PlayJan 29, 2026 •By Rick OrfordQuantum Computing Stock Soars: Buy or Sell Now?Jan 29, 2026 •By Chris NeigerUp 2,400%, Should You Buy Rigetti Computing Right Now?About the AuthorJohnny Rice is a contributing writer for The Motley Fool covering tech stocks. He previously contributed to various financial publications.TMFJohnnyRiceStocks MentionedRigetti ComputingNASDAQ: RGTI$14.97 (0.13%) $2.21AlphabetNASDAQ: GOOGL$332.37 (0.00%) $0.67AlphabetNASDAQ: GOOG$332.46 (0.00%) $0.88*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.