---
title: "What's Going On With Rigetti Computing On Tuesday?"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286119324.md"
description: "Rigetti Computing stock rises after Q1 revenue beat, quantum expansion plans and analyst optimism around its 108-qubit system."
datetime: "2026-05-12T14:23:35.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286119324.md)
  - [en](https://longbridge.com/en/news/286119324.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286119324.md)
---

# What's Going On With Rigetti Computing On Tuesday?

**Rigetti Computing Inc.** (NASDAQ:RGTI) shares are up during Tuesday’s session after the company on Monday reported its first-quarter results.

## Rigetti Revenue Tops Estimates In First Quarter

The stock’s movement comes after Rigetti posted a quarterly loss of 4 cents per share, which met consensus estimates, while revenue of $4.4 million exceeded expectations by 10.86%.

The company is continuing to execute its strategy with the launch of its 108-qubit Cepheus-1-108Q system, which is now available on various quantum computing platforms.

“In the first quarter, we continued to execute on our strategy by bringing our 108-qubit Cepheus-1-108Q system into general availability on Rigetti QCS, Amazon Braket, Microsoft Azure Quantum, and qBraid,” said **Subodh Kulkarni**, Rigetti CEO. “We believe Cepheus-1-108Q is one of the most powerful generally available gate-based quantum computers in the world, and as the largest modular system on the market today, it is an important validation of our chiplet-based architecture in a production setting.

## Rigetti Plans $100 Million U.K. Quantum Investment

The quantum computing company announced its intention to invest up to $100 million in the U.K. The planned investment will go toward deploying a UK-based quantum computing system with over 1,000 qubits in the next three to four years.

## Analysts Maintain Bullish Outlook On Rigetti Stock

**Consensus & Recent Actions:** The stock carries a Buy rating with an average price target of $34.86. Recent analyst moves include:

-   **Needham**: Buy (Maintains Target to $31.00) (May 12)
-   **Benchmark**: Buy (Lowers Target to $25.00) (March 20)

## How Rigetti (RGTI) Ranks On Momentum And Market Signals

Below is the Benzinga Edge scorecard for Rigetti Computing, highlighting its strengths and weaknesses compared to the broader market:

-   **Momentum**: Strong (Score: 73.28) — Stock is outperforming the broader market.

**The Verdict:** Rigetti Computing’s Benzinga Edge signal reveals a momentum-driven story, indicating that the stock is currently in a strong position relative to the market. Investors may find opportunities as the company continues to innovate in the quantum computing sector.

## RGTI ETF Exposure: Funds With The Biggest Positions

-   **SPDR S&P Semiconductor ETF** (NYSE:XSD): 4.84% Weight
-   **Defiance Daily Target 2X Long RGTI ETF** (NASDAQ:RGTX): 59.87% Weight
-   **WisdomTree Quantum Computing Fund ETF** (NASDAQ:WQTM): 5.59% Weight

**RGTI Stock Price Activity:** Rigetti Computing shares were up 0.05% at $20.52 at the time of publication on Tuesday, according to Benzinga Pro data.

_Photo: Shutterstock_

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