5 Best Quantum Computing Stocks to Invest In According to Hedge Funds

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

Number of Hedge Fund Holders: 29

On May 11, 2026, Rigetti Computing, Inc. (NASDAQ:RGTI) reported Q1 revenue of $4.4 million. It had an operating loss of $26.0 million as it continued execution on its quantum classical computing roadmap. The firm disclosed GAAP net income of $33.1 million along with a non-GAAP net loss of $14.7 million.

CEO Dr. Subodh Kulkarni said Rigetti Computing, Inc. (NASDAQ:RGTI) brought its 108-qubit Cepheus-1-108Q system into availability across Rigetti QCS, Amazon Braket, Microsoft Azure Quantum, and qBraid. He called it one of the most powerful gate-based quantum systems in production use. He also noted that growing use across government, academic, and commercial customers helped revenue growth as well as on-premises Novera QPU sales.

The firm ended the quarter with $569.0 million in cash and no debt and also advanced international expansion plans. It included a proposed up to $100 million investment in the United Kingdom for a 1,000-plus qubit system within three to four years. The company also mentioned 99.8% two-qubit gate fidelity improvements and chiplet-based architecture development.

Rigetti Computing, Inc. (NASDAQ:RGTI) provides quantum computing services. Through its Rigetti Quantum Cloud Services platform, the firm serves global enterprise, government, and research clients.