Overview

• Rigetti confirmed roughly $5.7 million in purchase orders for two upgradeable 9‑qubit Novera systems, with delivery targeted in the first half of 2026.
• Shares have risen more than 20% since Oct. 13 after JPMorgan outlined a $1.5 trillion U.S. investment plan that listed quantum computing as a critical industry.
• Benchmark’s David Williams raised his price target to $50 on Oct. 7 and reiterated a Buy rating, underscoring bullish analyst sentiment.
• Recent reporting notes the stock is up about 5,100% over the past year, heightening scrutiny of valuation versus limited current revenues.
• Rigetti pursues a full‑stack strategy through its Quantum Cloud Services platform and designs its own quantum processors and developer tools.