Rigetti Computing

RGTI

Market cap $15.8B

Quantum computing investing is not an easy field to pick stocks in. There's a lot of complex knowledge needed to understand the technology, making it hard for investors to discern which company is currently leading the way.

Shares of quantum computing stocks like IonQ (IONQ -5.85%) and Rigetti (RGTI 0.46%) were soaring after JPMorgan Chase announced a massive investment in strategic industries.

I think something big is happening in the quantum computing industry. I have kept my hands off pure-play quantum stocks like Rigetti Computing (RGTI 0.46%), IonQ (IONQ -5.85%), and D-Wave Quantum (QBTS 4.13%) so far because they look so risky.

Rigetti Computing Inc's (NASDAQ:RGTI) CEO, Subodh K. Kulkarni, exercised options to convert 1,000,000 shares on May 21, 2025, and immediately sold them, leaving him with zero shares.

Rigetti stock's surge highlights growing momentum from new defense contracts and global quantum partnerships, but revenue scalability remains a hurdle.

JPMorgan Chase ( NYSE:JPM ) CEO Jamie Dimon ignited fresh momentum in quantum computing with the launch on Monday of the bank's Security & Resiliency Initiative.

Over the last three decades, investors have pretty consistently had a game-changing innovation or next-big-thing trend to pique their interest. Examples include the advent of the internet, genome decoding, nanotechnology, 3D printing, blockchain technology, the metaverse, and most recently the rise of artificial intelligence (AI).

In the latest trading session, Rigetti Computing, Inc. (RGTI) closed at $55.95, marking a +1.9% move from the previous day.

Rigetti Computing stock price has gone vertical in the past few month, helped by the ongoing hype surrounding the quantum computing industry. This growth has pushed it from a penny stock trading below $1 into a $17 billion company.

Martin Shkreli, known for his outspoken views in finance, has been shorting quantum computing stocks IonQ, Inc. (NYSE:IONQ), D-Wave Quantum, Inc. (NYSE:QBTS), Rigetti Computing, Inc. (NASDAQ:RGTI), and Quantum Computing Inc. (NASDAQ:QUBT), regularly mocking what he sees as overvaluation and questionable business models.