Rigetti Computing (RGTI) is up 9.6% after securing $5.7 million in quantum systems orders. Has the Bull case changed?
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Rigetti Computing announced it has secured approximately $5.7 million in purchase orders for two 9-qubit scalable Novera quantum computing systems, with deliveries expected in the first half of 2026 to an Asian technology manufacturer and a U.S. laboratory.
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This development reflects growing commercial interest in practical quantum hardware for research into advanced computing, error correction and algorithm efficiency.
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We’ll explore how these new hardware sales highlight growing customer adoption of Rigetti’s technology and influence its investment narrative.
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To be attracted to Rigetti Computing as a shareholder, you must believe in the promise of quantum computing and Rigetti’s position as a leading provider of advanced hardware to research-focused customers. Until recently, most of the stock’s catalysts focused on technology milestones, strategic partnerships and contracts such as the recent Air Force Research Laboratory deal. However, the $5.7 million new orders for Novera systems mark a real commercial breakthrough, suggesting growing demand beyond the laboratory or government. While not immediately transformative at today’s revenue scale, these orders narrow the distance between concept and revenue, helping to ease lingering concerns about sustained losses, high valuation, stock dilution and uncertain time frames to profitability. The resulting share price surge shows the market is looking for signs of practical adoption, but risks remain, including the company’s continued lack of earnings, volatility and the still-speculative nature of the broader quantum sector.
But risks such as continued losses and stock volatility remain key factors for investors to monitor. Our valuation report reveals the possibility that Rigetti Computing shares are trading at a premium.
With 43 community price targets for Rigetti ranging from just US$0.22 to over US$26, opinions in the Simply Wall St community are very divergent. While some focus on hardware sales because they could be a game-changer, others monitor unresolved risks, like lingering operating losses. Consider these contrasting views when evaluating Rigetti’s investment case.
Explore 43 other fair value estimates on Rigetti Computing – why the stock could be worth as much as $26.83!
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