Rigetti Computing’s RGTI newly announced Memorandum of Understanding (MOU) with India’s Centre for Development of Advanced Computing (C-DAC) is more than a symbolic gesture; it may pave concrete paths toward recurring revenue. Under the agreement, Rigetti and C-DAC will collaborate on hybrid quantum computing systems, jointly developing superconducting quantum hardware, cryogenic electronics and advanced processor fabrication. The partnership also plans workforce development and application-workflow projects targeting government labs and academia in India, aligning with the country’s “ChipIN” program to bolster domestic semiconductor design and R&D capabilities.
Beyond the C-DAC agreement, Rigetti has established a series of partnerships in 2025 that underscore its broader commercialization efforts. In August 2025, the company collaborated with Montana State University to launch the QCORE facility, installing a 9-qubit Novera quantum processing unit on-site, making MSU the first academic institution to host a Rigetti QPU. In May 2025, Rigetti signed an MOU with Norma Inc. to deliver an 84-qubit quantum cloud service via Norma’s Q Platform in South Korea, expanding access to its hardware in Asian markets. Earlier, in February 2025, Rigetti entered into a strategic collaboration agreement with Quanta Computers, a five-year partnership exceeding $100 million in joint investment aimed at accelerating the development of hybrid quantum systems and complementary capabilities.
Peers Updates
D-Wave Quantum QBTS continues to advance its annealing-based systems with the rollout of early previews for its Advantage2 platform, which is designed to offer higher connectivity and improved performance for real-world optimization problems. The company is also developing new software toolkits that enable developers to build hybrid applications combining quantum annealing with classical computing resources, thereby positioning its platform as more accessible to enterprise users and researchers.
Quantum Computing Inc. QUBT, meanwhile, has been focusing on photonic quantum technologies, with recent updates including the shipment of its first commercial entangled photon source to a research institution and the development of a quantum photonic vibrometer for precision sensing applications. The company has also introduced early solutions in quantum cybersecurity, including its first commercial product sale to a U.S. financial institution, highlighting a strategy that emphasizes practical, niche applications of photonic quantum systems.
Rigetti’s Price Performance, Valuation and Estimates
Shares of RGTI have gained 31% in the year-to-date period compared with the industry’s growth of 23.5%.
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From a valuation standpoint, Rigetti trades at a price-to-book ratio of 11.7, above the industry average. RGTI carries a Value Score of F.
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The Zacks Consensus Estimate for Rigetti’s 2025 earnings implies a significant 86.1% rise from the year-ago period.
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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.
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