Rigetti Computing (NASDAQ: RGTI) stock posted explosive gains across 2024. The quantum computing company's share price closed out the year's trading up 1,449.4%, according to data from S&P Global Market Intelligence.

Rigetti Computing is at the forefront of the quantum computing industry, but the company has a speculative stock valuation.

We recently compiled a list of the 10 Best Quantum Computing Stocks to Buy for 2025. In this article, we are going to take a look at where Rigetti Computing, Inc. (NASDAQ:RGTI) stands against the other quantum computing stocks.

Based in Berkeley, California, Rigetti Computing is valued at $2.43 billion and initiated operations in 2013. The stock had an eventful 2024. Shares gained 1,700% and continued their momentum into 2025, gaining 20% in the opening week of the new year.

Rigetti offers full-stack quantum-classical computing. RGTI's advancements promise significant growth and reduced error rates. Find out why the stock is a hold.

Rigetti stock is up 1,756% in the last year — but 74% overvalued. Investors who did not buy Nvidia stock before GenAI wave, fear missing out on quantum computing.

The carnage in quantum computing stocks Wednesday saw shares of Rigetti Computing (NASDAQ:RGTI), Quantum Computing (NASDAQ:QUBT), and IonQ (NASDAQ:IONQ) plunge 40% or more. Comments made by Nvidia (NASDAQ:NVDA) CEO Jensen Huang that the sector won’t see viability for another two decades gutted these former high-flying stocks.

Financial position strengthens amid soaring valuation Rigetti's financial position was significantly boosted by a capital raise last November. Specifically, the company secured $100 million, before deducting commissions and other offering expenses,