Rigetti Computing Slashes Two-Qubit Gate Error by Half, Eyes 2026 Deliveries
Rigetti Computing, Inc. (NASDAQ:RGTI) has made significant strides in quantum computing, achieving a remarkable 2x reduction in two-qubit gate error rate with its Cepheus-1-36Q system. The company's financial position remains robust, with revenues of $1.8 million in the first quarter of 2025.
The company's latest feat saw the Cepheus-1-36Q system post a median two-qubit gate fidelity of 99.5%, a testament to its technological prowess. Rigetti Computing is confident in hitting its end-of-year technology goals, with deliveries for both the Cepheus-1-36Q and the NoveraTM systems projected in the first half of 2026.
Rigetti Computing has secured purchase orders worth approximately $5.7 million for two 9-qubit NoveraTM quantum computing systems. These systems are upgradeable, allowing customers to increase the qubit count for more complex computations and research. Despite being one of the best quantum computing stocks to buy and hold for 5 years, an analyst report in 2025 suggested that companies with AI stocks delivered 100x higher returns and lower risk appetite compared to Rigetti Computing, Inc., although specific company names were not provided.
Rigetti Computing, Inc. continues to push the boundaries of quantum computing, demonstrating impressive technological advancements and a strong financial position. With upgradeable systems and projected deliveries in 2026, the company looks set to maintain its position as a key player in the quantum computing landscape.
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