CEO Subodh Kulkarni had a message for investors. “It’s still not the time to talk about sales and sales growth because we are still very much in the technology development mode,” he told Yahoo. “We have to get the technology perfected before we can start seeing real material

"Particularly because of the hype that is going on in the quantum computing space and some erroneous statements are being made, including by people in the industry, we have to tamp down some expectations" Rigetti Computing CEO Subodh Kulkarni told me on Yahoo Finance's Opening Bid podcast (video above; listen in below).

Rigetti Computing is at the forefront of the quantum computing industry, but the company has a speculative stock valuation.

We recently compiled a list of the 5 Quantum Computing Stocks Challenging Jensen Huang’s Stance. In this article, we are going to take a look at where Rigetti Computing, Inc. (NASDAQ:RGTI) stands against the other quantum computing stocks.

This is what's happening on Wednesday, as quantum computing investors cheer some kind words from Microsoft's strategic missions and technologies chief, Mitra Azizirad, who last night urged quantum investors to get ready, because "we are right on the cusp of seeing quantum computers solve meaningful problems and capture new business value."

Rigetti stock is up 1,756% in the last year — but 74% overvalued. Investors who did not buy Nvidia stock before GenAI wave, fear missing out on quantum computing.

Adding to the pressure, D-Wave announced on Friday that the company was going to sell up to $150 million in common shares. That move would dilute the current shareholders of the company. Early stage companies often take advantage of price increases to raise capital to invest in their research and development.

The company plans to leverage this technology to create a 36-qubit system using four connected chips by mid-2025, followed by a 100-plus qubit system later in the year. Financial position strengthens amid soaring valuation Rigetti's financial position was significantly boosted by a capital raise last November.