Rigetti Delays Launch of Quantum Computer Amid Market Challenges
Rigetti Computing (NASDAQ: RGTI) has delayed the launch of its Cepheus-1-108Q, its most powerful quantum computer, which was expected by the end of Q1 2026. This postponement follows a turbulent 2025, marked by a more than 500% share increase from April lows, followed by a 50% decline by year-end. In January 2026, Rigetti’s stock dropped 18% amid rising concerns in the tech sector.
Simultaneously, competitor IonQ announced a $1.8 billion acquisition to internalize chip manufacturing, further intensifying the competitive landscape for Rigetti. The broader macro environment is also affecting tech companies, as highlighted by Microsoft’s recent financial disclosures revealing extensive AI investments—$72 billion in capital expenditures through the first half of its fiscal year, raising investor skepticism.
Given the recent market headwinds and Rigetti’s delayed product launch, analysts caution investors about the stock’s speculative nature and extreme valuation.
