Added to YB: 2025-01-09
Pitch date: 2025-01-08
RGTI [bearish]
Rigetti Computing, Inc.
-138.28%
current return
Author Info
No bio for this author
Company Info
Rigetti Computing, Inc., through its subsidiaries, builds quantum computers and the superconducting quantum processors the United States, the United Kingdom, rest of Europe, Asia, and internationally.
Market Cap
$8.5B
Pitch Price
$9.88
Price Target
1.00 (-96%)
Dividend
N/A
EV/EBITDA
-115.37
P/E
-20.79
EV/Sales
1.1K
Sector
Semiconductors and Semiconductor Equipment
Category
value
Short Quantum Computing - Several 90%+ downside stocks with clear catalysts - Rigetti Computing, Inc.
RGTI: Superconducting quantum computing co. 84-qubit Ankaa-3 system, but underperforming vs peers. Revenue declining. $402M spent since 2013. Even optimistic scenarios ($1B gov spend, 50% market share) yield $1-$4/share NPV vs $18.66 current. 1000 physical qubits needed for 1 logical qubit. Commercial prospects limited.
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