We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Will C-DAC Collaboration Help RGTI Unlock India's Quantum Market?
Read MoreHide Full Article
Key Takeaways
Rigetti signed an MOU with India's C-DAC to co-develop hybrid quantum computing systems.
The collaboration spans cryogenic electronics, fabrication, and quantum education programs.
RGTI seeks global alliances as it manages high R&D costs and margin pressures.
Rigetti Computing’s (RGTI - Free Report) deepened its international footprint with a new memorandum of understanding (MOU) with India’s Centre for Development of Advanced Computing (C-DAC). The partnership is likely to focus on co-developing hybrid quantum computing systems that integrate Rigetti’s superconducting quantum processors with classical computing resources. The initiative aligns with India’s ChipIN semiconductor program and underscores Rigetti’s strategy of leveraging government partnerships to expand access to quantum technologies. For Rigetti, the collaboration offers not just technology validation but also entry into one of the fastest-growing global quantum markets.
The C-DAC agreement extends beyond hardware to include joint research in cryogenic electronics, processor fabrication, and quantum education programs, areas that could help diversify Rigetti’s revenue opportunities while broadening its talent pipeline. However, the move comes against the backdrop of ongoing financial pressures, with margins still sensitive to contract mix and heavy R&D spend. The India partnership highlights Rigetti’s pivot toward global alliances as it seeks to translate technology milestones into sustainable, higher-margin opportunities.
Peers Updates
D-Wave Quantum Inc. (QBTS - Free Report) continues to advance its position in the quantum computing sector through strategic initiatives and technological innovations. The company has introduced a suite of developer tools designed to enhance quantum artificial intelligence (AI) applications, including an open-source quantum AI toolkit and a machine learning demonstration. Additionally, D-Wave is focusing on improving its hardware capabilities with a strategic development initiative for advanced cryogenic packaging, collaborating with the NASA Jet Propulsion Laboratory to enhance both gate model and annealing quantum processor development.
Quantum Computing Inc. (QUBT - Free Report) recently secured a $332,000 purchase order from a top-five U.S. bank for its quantum communication system, marking its first U.S. commercial sale of quantum cybersecurity solutions. This milestone underscores the company's growing presence in the quantum security sector. Additionally, QUBT has been awarded a contract by NASA's Langley Research Center to apply its Dirac-3 quantum computer to develop techniques for removing solar noise from space-based LIDAR data, enhancing daytime atmospheric sensing capabilities. These developments highlight QUBT's expanding role in both commercial and governmental quantum initiatives.
Rigetti’s Price Performance, Valuation and Estimates
Shares of RGTI have gained 1.7% in the year-to-date period compared with the industry’s growth of 19.4%.
Image Source: Zacks Investment Research
From a valuation standpoint, Rigetti trades at a price-to-book ratio of 9.08, above the industry average. RGTI carries a Value Score of F.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Rigetti’s 2025 earnings implies a significant 86.1% rise from the year-ago period.
Image: Bigstock
Will C-DAC Collaboration Help RGTI Unlock India's Quantum Market?
Key Takeaways
Rigetti Computing’s (RGTI - Free Report) deepened its international footprint with a new memorandum of understanding (MOU) with India’s Centre for Development of Advanced Computing (C-DAC). The partnership is likely to focus on co-developing hybrid quantum computing systems that integrate Rigetti’s superconducting quantum processors with classical computing resources. The initiative aligns with India’s ChipIN semiconductor program and underscores Rigetti’s strategy of leveraging government partnerships to expand access to quantum technologies. For Rigetti, the collaboration offers not just technology validation but also entry into one of the fastest-growing global quantum markets.
The C-DAC agreement extends beyond hardware to include joint research in cryogenic electronics, processor fabrication, and quantum education programs, areas that could help diversify Rigetti’s revenue opportunities while broadening its talent pipeline. However, the move comes against the backdrop of ongoing financial pressures, with margins still sensitive to contract mix and heavy R&D spend. The India partnership highlights Rigetti’s pivot toward global alliances as it seeks to translate technology milestones into sustainable, higher-margin opportunities.
Peers Updates
D-Wave Quantum Inc. (QBTS - Free Report) continues to advance its position in the quantum computing sector through strategic initiatives and technological innovations. The company has introduced a suite of developer tools designed to enhance quantum artificial intelligence (AI) applications, including an open-source quantum AI toolkit and a machine learning demonstration. Additionally, D-Wave is focusing on improving its hardware capabilities with a strategic development initiative for advanced cryogenic packaging, collaborating with the NASA Jet Propulsion Laboratory to enhance both gate model and annealing quantum processor development.
Quantum Computing Inc. (QUBT - Free Report) recently secured a $332,000 purchase order from a top-five U.S. bank for its quantum communication system, marking its first U.S. commercial sale of quantum cybersecurity solutions. This milestone underscores the company's growing presence in the quantum security sector. Additionally, QUBT has been awarded a contract by NASA's Langley Research Center to apply its Dirac-3 quantum computer to develop techniques for removing solar noise from space-based LIDAR data, enhancing daytime atmospheric sensing capabilities. These developments highlight QUBT's expanding role in both commercial and governmental quantum initiatives.
Rigetti’s Price Performance, Valuation and Estimates
Shares of RGTI have gained 1.7% in the year-to-date period compared with the industry’s growth of 19.4%.
Image Source: Zacks Investment Research
From a valuation standpoint, Rigetti trades at a price-to-book ratio of 9.08, above the industry average. RGTI carries a Value Score of F.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Rigetti’s 2025 earnings implies a significant 86.1% rise from the year-ago period.
Image Source: Zacks Investment Research
The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.