Quantum Computing Inc. (QUBT) and Rigetti Computing (RGTI), both focused on quantum hardware development, are seeing significant growth potential in the quantum computing market, projected to reach $17.89 billion by 2034. QUBT’s recent advancements include installing the Dirac-3 system for enterprise applications, while Rigetti has signed a letter of intent with the U.S. Department of Commerce for up to $100 million to boost superconducting quantum R&D.
In the stock market, QUBT shares have risen 8.1% and RGTI’s shares have gained 9.7% over the past month. However, QUBT reported a substantial operating expense of $21.8 million—more than 3.5 times its revenue—while Rigetti’s second-quarter operating loss widened to $28.1 million, with operating expenses totaling $30.3 million. Analysts project QUBT will report a loss of 18 cents per share for 2026, while RGTI expects a loss of 19 cents per share, showing a significant improvement from previous figures.
Investors remain cautious, with QUBT holding a Zacks Rank of #3 (Hold) and RGTI at #5 (Strong Sell), indicating greater near-term risks for Rigetti despite both stocks having shown recent gains.
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