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Rigetti's quantum computing struggles contrast with strong growth at IonQ and Alphabet's stable quantum investments.

Market News
13 May 2026
24/7 Wall Street
View Source
Neutral
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Rigetti Computing faces financial challenges with a $6.34 billion market cap but only $7.09 million projected revenue for 2025, declining 34% year over year, and operating losses despite a recent accounting profit. The company warns that fault-tolerant quantum computing is a long-term goal with an uncertain timeline. In contrast, Alphabet (Google) leverages its massive cloud revenue and capital to fund quantum projects while maintaining strong earnings and cash flow. IonQ shows rapid revenue growth with $64.67 million quarterly revenue and $260-$270 million full-year guidance, positioning it as a leading pure-play quantum company. Investors may prefer Alphabet for stability or IonQ for growth, while Rigetti's fundamentals lag its valuation.

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