To The Moon

This will be my third post on rising quantum stock $Rigetti Computing(RGTI)$.

I have touched on this “rising” star on 2 other occasions: (click on link for details)

• 11 Dec - Quantum GOOG & RTGI - Ride US Market Wave ? - stock price $6.49.

• 17 Dec - RGTI zooms to $11 as FOMC meeting Kicks Off ? - stock price $8.43.

As of Thu, 02 Jan 2025 closing, it was : (see below)

Since my first post on RGTI, its stock price has risen by +308%.

Based on past 12 months, the stock has risen a whooping +1,961.86%.

For those who got into the stock earlier on, it is a “dream” investment.

Similar to other quantum computing stocks, Rigetti is benefiting from the rapid expansion of the global quantum computing market, currently valued at $1.3 billion.

The market is projected to grow at an impressive compound annual growth rate (CAGR) of +32.7%, potentially reaching $5.3 billion by 2029.

According to analysts, RGTI stands to largely benefit from expected growth.

This is because they provide developers with essential resources and recently debuted their innovative Novera quantum processor.

It is also worth noting that Google’s advancement in Quantum space with its newest Willow chip generated renewed interest and rally to Quantum stocks, including RGTI. (see below)

On 9 Dec 2024, $Alphabet(GOOG)$ announced their latest quantum chip - Willow, that has state-of-the-art performance across a number of metrics, enabling 2 major achievements.

1. Willow can reduce errors exponentially as GOOG scale up using more qubits. This cracks a key challenge in quantum error correction that the field has pursued for almost 30 years.

2. Willow performed a standard benchmark computation in under 5 minutes that would take today’s fastest supercomputers 10 septillion (that is, 1,025) years.

Upon announcement, all quantum computing stocks eg. D-Wave Systems (QBTS)$, $IONQ Inc.(IONQ)$ began to attract investors’ attention too.

Insider Monkey has given an overall RGTI ranks 1st on their list of the stocks that skyrocketed, acknowledging its potential as an investment.

However, at the back of my mind, there is always this “fear” of when will the dream ends and reality come crashing in ?

On 08 Jan 2025, it happened. (see below)

RGTI as of 11 Jan 2025

Thanks or no thanks to Nvidia’s CEO self serving comment, it brought skepticism to quantum computing foreground.

I have talked a bit more about this in my previous post. (click here ! for the details. Repost & Like ok - tks).

Wall Street has taken his ‘personal opinion’ as news and sold off big time on all quantum computing stocks, leading to an estimated total market value loss of over $8 billion across 2 days of mad selling.

I almost wanted to sell off my small amount of shares in RGTI too, until I came across the post from Benzinga. (see below)

After reading, it gave me a better perspective about RGTI and I am sharing it here, for everyone’s info.

Quantum Computing Is Unpopular.

The main reason (up until now) why there is no widespread adoption of quantum computing is because of its high rate of errors.

Quantum computers are extremely sensitive to their environment.

The slightest disturbance can cause errors in their calculations, making it difficult to perform complex calculations with any degree of accuracy.

Good news is, things are improving.

On 23 Dec 2024, RGTI announced the release of its 84-qubit Ankaa-3 quantum computer, that has captured investors’ attention.

What is Ankaa-3 ?

Ankaa-3 is RGTI’s newest flagship quantum computer featuring an extensive hardware redesign that enables superior performance.

The new Ankaa-3 excels at two-qubit operations (iSWAP & fSim), achieving 99.0% & 99.5% accuracy respectively, with minimal errors.

These improvements are critical for advancing quantum computing toward practical applications in the following disciplines:

• Cryptography.

• Optimization.

• Drug discovery.

Additionally, Ankaa-3 also delivers fast gate speeds ideal for complex data processing tasks (eg. random circuit sampling):

• 72-nanosecond (or 0.0000000072 seconds) median times for iSWAP.

• 56 nanoseconds (or 0.0000000056 seconds) for fSim.

Q1 2025 Commercialization.

Ankaa-3 is currently available to its partners via the Rigetti Quantum Cloud Services platform (QCS®).

Good news is, it will be available at $Amazon.com(AMZN)$ Braket and $Microsoft(MSFT)$ Azure in the first quarter of 2025.

Ankaa-3’s launch reinforces RGTI’s progress in the superconducting modality, emphasizing its:

• Scalability.

• Fast gate speeds.

• Compatibility with established manufacturing processes.

RGTI’s Outlook

RGTI’s forward-looking plans include :

• A modular 36-qubit system in mid-2025.

• A 100+ qubit system by year-end.

• With both systems targeting a 2x reduction in error rates, propelling them toward fault-tolerant quantum computing and practical applications.

I am taking an educated bet that RGTI stock price will recover earliest by mid-2025. Hope RTGI don’t disappoint and prove beyond doubts that Mr Huang is just another fallible human being, not God !

Must Read: Click on below titles to access. Repost to share, Like as encouragement ok. Thanks.

• Quantum IONQ, QBTS, RGTI vs AI Chip, NVDA.

• AAPL 2025 : Dominance in AI-Era ?

• RGTI, IONQ, QBTS fell as US Market crashed.

• Do you think RGTI will continue to rise, when Ankaa-3 is next available in Amazon’s quantum cloud Braket and Microsoft’s cloud - Azure ?

• Do you think by 2025 year end, RGTI market cap will rise from current $5.6 billion to something more substantial ?

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