Rigetti Computing ( (RGTI) ) has risen by 7.01%. Read on to learn why.
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New trading tool for RGTI bullsRigetti Computing shares climbed 7.01% over the past week as traders positioned for a potentially dramatic reaction to the company’s upcoming first‑quarter earnings report on May 11. Options activity shows investors bracing for a double‑digit swing, with implied moves of roughly 13–18% around the release and call buying outpacing puts, signaling growing interest in upside exposure. The rally also comes on the back of a strong month, with the stock up more than 32% over that period despite still being lower for the year.
The optimism is tied to expectations that Rigetti will narrow its loss per share to about $0.04 and grow revenue to roughly $4.09 million, helped by a pipeline of hardware and cloud opportunities. Investors are watching progress on a major $8.4 million order from India’s Centre for Development of Advanced Computing for a 108‑qubit system, plus $5.7 million in orders for two smaller Novera systems slated for delivery in the first half of 2026. Rigetti’s recent launch of its 108‑qubit Cepheus system on both its own cloud and Amazon’s AWS Braket—making it the first 100+ qubit superconducting system on that platform—has further fueled hopes for stronger cloud‑based revenue.
At the same time, the market’s enthusiasm is tempered by concerns over cash burn and the company’s path to building much larger, more reliable quantum systems. Wall Street currently rates Rigetti Computing as a Moderate Buy, with an average price target pointing to significant upside from current levels, and some analysts setting targets as high as $40. However, insider selling and the stock’s steep six‑month decline mean the bar for this earnings report is high: the company will need to show not just technological progress, but also a credible roadmap toward profitable growth to justify the recent 7.01% weekly gain and sustain momentum in a volatile quantum‑computing sector.