Overview
- Rigetti closed up about 9% on Thursday while the S&P 500 and Nasdaq slipped, extending a sharp recent rally tied to advanced-compute themes.
- Shares swung on Friday as markets weakened following President Donald Trump’s social media threat of higher tariffs on Chinese goods.
- Benchmark’s David Williams reiterated a Buy rating earlier this week and raised his price target to $50, citing sector momentum and Rigetti’s positioning.
- The company reported $21 million in contracts for 2025 and disclosed $5.7 million in orders for its 9‑qubit Novera systems, with delivery targeted in the first half of 2026.
- Rigetti says it holds roughly $571 million in cash after a recent raise, while investors also highlight Nvidia ties and a chiplet architecture as potential advantages.