Will Rigetti Computing Make a Comeback in 2026? | The Motley Fool

Rigetti Computing ( RGTI 2.39%) has taken investors on quite the roller-coaster ride in 2025. It entered the year on a strong note thanks to the quantum computing rally in December 2024. However, it crashed nearly 75% from its highs before January was over, thanks to comments from Nvidia CEO Jensen Huang about useful quantum computing being a long way away. Huang quickly pivoted from that stance, and the quantum computing start-up stocks started to rally throughout 2025, before peaking in October. However, the market started to become risk-averse around that time, which caused quantum computing stocks to sell off again. Now, Rigetti Computing sits about 60% down from its high established in October, although it's still up around 50% so far this year. So, will Rigetti make another amazing comeback in 2026? Or will it be stuck in these lower ranges for a while? Image source: Getty Images. The real quantum computing winners won't emerge for a few years We're in the early stage of quantum computing development, and knowing who the ultimate winner is not possible. There are private companies, publicly traded upstarts like Rigetti, and legacy big tech companies like Alphabet and Microsoft all developing quantum computing technology. With a crowded industry, it's likely that several of these companies (outside the legacy tech companies) will go bankrupt. This makes quantum computing a high-risk, high-reward sector of the market, which many may not like. If it's too risky for you, there are quantum computing ETFs , or you can invest in one of the legacy tech companies. NASDAQ: RGTI Key Data Points However, if you're looking to take on a bit more risk in exchange for more upside, Rigetti may be a stock you gravitate toward. Rigetti isn't a large stock by market cap , as it's valued at around $7 billion. The quantum computing industry could easily be worth several times more than that, with McKinsey & Company estimating that the quantum computing market could be greater than $100 billion by 2035. That's a huge market that Rigetti could capture if it's the first to reach viable quantum computing, making it at least a stock that investors should consider. Rigetti Computing must rely on outside funding However, Rigetti is showing some signs of weakness that could present a red flag for investors. Because Rigetti doesn't have a legacy business to fund its operations, it must win research contracts to stay solvent. One of the biggest contracts any of the quantum computing companies can win is from DARPA (Defense Advanced Research Projects Agency). The winner of this contract will be in line to provide quantum computing hardware to the U.S. military. DARPA recently announced which companies made it to stage B, and Rigetti Computing was not one of them. Familiar names like IonQ and International Business Machines made the list, which makes Rigetti's failure to advance from stage A to stage B frustrating for investors. It's also why IonQ is only around 30% down from its all-time high,...

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