12 Best Quantum Computing Stocks to Invest in Now

8. Rigetti Computing, Inc. (NASDAQ:RGTI)

Number of Hedge Fund Holders: 17

Rigetti Computing, Inc. (NASDAQ:RGTI) builds and operates quantum computers designed to solve complex problems with superior speed and energy efficiency. The company’s scalable, patented multi-chip architecture underpins next-gen systems targeting breakthroughs in climate, healthcare, and AI. As a vertically integrated company with its own fabrication facility, the company controls chip production and deploys full-stack solutions via cloud services and hardware sales. With the 2024 launch of our high-fidelity 84-qubit Ankaa-3 system, Rigetti Computing, Inc. (NASDAQ:RGTI) continues advancing performance and accessibility for partners and researchers in quantum computing.

Rigetti Computing, Inc. (NASDAQ:RGTI) has over a $100 million strategic partnership with Quanta Computer, a leading Taiwanese electronics manufacturer, which will also invest $35 million in Rigetti’s stock. Rigetti launched its 84-qubit Ankaa-3 system, achieving significant improvements in gate fidelity. Rigetti also plans to scale beyond 100 qubits by year-end using modular chiplet architecture. With $217 million in cash and investments, plus the Quanta deal, Rigetti anticipates sufficient funding for at least three years, focusing on R&D and aiming for commercial readiness within four to five years. Rigetti is working to demonstrate a 4×9 qubit fidelity of 99.5% by mid-2025, a key milestone in its roadmap focused on chiplet-based tiling architecture. Collaborations with QphoX and Qblox aim to replace bulky coax cables with flex and eventually fiber optics, crucial for scaling beyond 100,000 qubits. Rigetti is also pursuing a $300 million+ DARPA project to build a utility-scale quantum computer by 2033. Its open, modular architecture is seen as a competitive advantage, allowing integration of third-party innovations and making it a top contender alongside IBM and Google.