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Price
$3.08Annual ROE
-57.82%Beta
3.41Events Calendar
Next earnings date:
Mar 14, 2025Recent quarterly earnings:
Nov 12, 2024Recent annual earnings:
Mar 14, 2024Next ex-dividend date:
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N/ANext split:
N/ARecent split:
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Over the past 10 years, a $1,000 investment in Nvidia (NVDA -1.15%) would have grown to roughly $265,840. A large portion of that rally was fueled by its soaring sales of data center GPUs for processing AI tasks.
Rigetti benefits from an expanding clientele and its growing influence in the quantum computing space.
U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining more than 400 points on Monday.
Recently, Zacks.com users have been paying close attention to Rigetti Computing (RGTI). This makes it worthwhile to examine what the stock has in store.
Rigetti Computing focuses on quantum computing with superconducting qubit-based processors but faces financial challenges despite technological advancements. The company raised $12 million in Q3 2024 but still reported a $17.3 million operating loss, with $92.6 million in cash and securities. Rigetti aims to release a 36-qubit system in mid-2025 and a 100-qubit system by year-end, targeting a $7.5 billion market.
Rigetti Computing, Inc. (NASDAQ:RGTI ) Q3 2024 Earnings Conference Call November 12, 2024 8:30 AM ET Company Participants Subodh Kulkarni - President and CEO Jeff Bertelsen - CFO Conference Call Participants David Williams - The Benchmark Company Quinn Bolton - Needham and Company Brian Kinstlinger - Alliance Global Partners Craig Ellis - B. Riley Operator Good day.
BERKELEY, Calif., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced its financial results for the third quarter ended September 30, 2024 and business updates, including updates to its technology roadmap.
RGTI's third-quarter 2024 performance is expected to have benefited from advancements in quantum computing technology and expanded global partnerships.
In the closing of the recent trading day, Rigetti Computing, Inc. (RGTI) stood at $1.12, denoting a -0.88% change from the preceding trading day.
Rigetti Computing (RGTI) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
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