Rigetti Computing’s stock is tanking, but early believers see hidden value in this quantum pioneer. Despite a 34% revenue drop in 2025 and volatile swings, the company holds $569M in cash, no debt, and is building a 1,000-qubit system in the UK. Recent wins — including cloud launches and $6M Air Force contract — signal progress, but profitability remains years away. Investors must brace for a long haul, betting on commercial traction as the real catalyst for sustained growth.
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