Rigetti Computing: 108-Qubit Milestone and $100 Million Funding Drive $40 Price Target Spark Buy Interest!
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Government Mandate: The US Department of Commerce signed a memorandum of understanding in May 2026 for funding of up to $100 million for Rigetti. Revenue Surge: Revenue in Q1 increased year-over-year by an impressive 198.9% to $4.4 million, significantly surpassing analyst estimates. New Qubit Milestone: The new Cepheus-1-108Q quantum processing unit (QPU) with 108 qubits is now commercially available, including through the Amazon Braket cloud platform. Strong Analyst Signal: Rosenblatt Securities today reaffirmed its "Buy" rating for Rigetti...
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