loss<\/a> of $17.3m for Q3.<\/p>\nWhile it had a seemingly decent cash position of $92.6m in September, I do worry how long that will last before the firm needs to tap shareholders for more money.<\/p>\n
After all, R&D costs in this nascent industry are significant. And Rigetti plans to launch a 36-qubit system in mid-2025 and a 100+ qubit system by the end of the year.<\/p>\n
Qubits, short for quantum bits, are the fundamental units of information in a quantum computer. Generally, the more qubits a system has, the greater its potential computing power (provided they are stable and not prone to errors).<\/p>\n
However, something the firm said in its latest quarter also worries me: \u201cWe believe quantum computers capable of addressing real-world problems will require hundreds to thousands of high-performing qubits.\u201d<\/p>\n
Hundreds to thousands? That sounds a long way off and will likely need a ton of cash to achieve.<\/p>\n
Will I invest?<\/p>\n
The company is named after founder Chad Rigetti, a physicist who previously worked on IBM<\/strong>\u2018s quantum computers. However, he abruptly resigned in December 2022. For a start-up like this, I\u2019d ideally want the founder to be involved.<\/p>\nAt $17, the stock is trading at 272 times this year\u2019s forecast sales, meaning the speculative share is extremely overvalued. <\/p>\n
Perhaps Rigetti proves to be the next Nvidia-type millionaire-maker. Yet it\u2019s far too risky for me right now.<\/p>\n","protected":false},"excerpt":{"rendered":"Image source: Getty Images The most popular growth stock bought by Hargreaves Lansdown customers last week was MicroStrategy.…\n","protected":false},"author":2,"featured_media":55470,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3164],"tags":[2166,16814,3284,2168,2169,2170,2171,2172,2173,2174,53,29398,16,15],"class_list":{"0":"post-55469","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-computing","8":"tag-category-investing","9":"tag-category-us-stock","10":"tag-computing","11":"tag-partner-feeds-dbc-media","12":"tag-partner-feeds-fineco","13":"tag-partner-feeds-flipboard","14":"tag-partner-feeds-msn","15":"tag-partner-feeds-pluto-invest","16":"tag-partner-feeds-sharesight","17":"tag-partner-feeds-yahoo-uk","18":"tag-technology","19":"tag-tickers_global-nasdaq-rgti","20":"tag-uk","21":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114411452756032021","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/55469","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=55469"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/55469\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/55470"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=55469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=55469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=55469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"Thoughtful](\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/Ponderous-1200x800.jpg\")
<\/p>\n