Welcome to our dedicated page for Rigetti Computing news (Ticker: RGTI), a resource for investors and traders seeking the latest updates and insights on Rigetti Computing stock.
Rigetti Computing Inc (NASDAQ: RGTI) is a leader in full-stack quantum computing, combining superconducting qubit technology with hybrid quantum-classical systems. This dedicated news hub provides investors and industry professionals with essential updates on the company's technical advancements, financial developments, and strategic initiatives.
Access curated press releases and analysis covering quantum processor innovations, partnership announcements, and operational milestones. Our repository includes updates on Rigetti's proprietary manufacturing capabilities at Fab-1, quantum cloud service enhancements, and collaborative research breakthroughs.
Key content categories feature earnings reports, technology white papers, executive leadership updates, and industry conference participation. Bookmark this page for streamlined tracking of RGTI's progress in developing practical quantum computing solutions for enterprise and government applications.
Rigetti Computing (NASDAQ: RGTI), a leader in hybrid quantum-classical computing, announced its upcoming inclusion in the Russell 3000® Index. This change becomes effective at the open of US equity markets on July 1, 2024. The annual Russell reconstitution captures the 4,000 largest US stocks by market capitalization. This membership will provide Rigetti increased visibility among investors and includes entry into either the Russell 1000® or Russell 2000® Index. CEO Dr. Subodh Kulkarni highlighted this as a significant milestone, underlining the company's progress in quantum technology. About $10.5 trillion in assets are benchmarked against the Russell US indexes, managed by FTSE Russell.
Rigetti Computing, Inc. reported its first quarter 2024 financial results, highlighting total revenues of $3.1 million, operating expenses of $18.1 million, and an operating loss of $16.6 million. The net loss was $20.8 million. The company raised $32.9 million in the first quarter. Rigetti achieved a 99.3% median 2-qubit gate fidelity and plans to launch a 84-qubit system by the end of the year. Novera QPU was sold to Horizon Quantum Computing, marking the company's entry into the Singapore quantum computing market. Rigetti also launched the Novera QPU Partner Program to support on-premises quantum computing ecosystem.
Rigetti Computing, Inc. will report its first quarter 2024 financial results on May 9, 2024, after market close. A conference call will be hosted to discuss the results and business operations on the same day at 5:00 p.m. ET. Details on how to access the call are provided.
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