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Rigetti Computing (NASDAQ: RGTI) is drawing attention in the quantum computing sector with its projected speculative growth. Several significant milestones lie ahead that have the potential to elevate the company’s share price into double digits by the end of 2025. Key advancements expected to propel this growth include the introduction of the 84-qubit Ankaa 3 system in 2024, validation of its modular architecture by mid-2025, and the launch of a 100+ qubit system at the close of 2025, ultimately paving the way for the future 336-qubit Lyra processor.

Strategic partnerships play a crucial role in Rigetti's growth trajectory. Collaborations with prominent entities such as NVIDIA, Fermilab, and the National Quantum Computing Centre (NQCC) are pivotal. Additionally, potential contracts with DARPA and increasing quantum research funding in the United States further bolster the growth prospects for Rigetti’s stock. However, investors should be mindful of inherent risks, including unstable revenue streams, substantial research and development costs, technological hurdles, and stiff competition from industry giants like IBM.

Financially, Rigetti’s cash reserves are projected to sustain operations until Q1 2026, although potential dilution of stock is anticipated. Despite facing a $17.3 million operating loss in the past quarter and ongoing liquidity concerns, the overall narrative surrounding Rigetti justifies a strong buy rating, especially for those willing to embrace high-risk, high-reward opportunities in the quantum computing space.

The stock has witnessed remarkable activity in the past six weeks, with prices more than doubling and trading volumes surging, particularly in recent days. Rigetti Computing represents a noteworthy chance for investors with a contrarian mindset, willing to engage in volatile yet potentially lucrative stock options.

A small deep-value investor with a private portfolio split between shares and call options emphasizes that their investment philosophy includes taking high risks and dealing in often illiquid options. Their strategy involves identifying stocks that have undergone recent sell-offs following non-recurrent events, especially when insider buying is observed at lower prices.

This method of investing involves rigorous fundamental analysis to assess company health, leverage, and financial ratios, alongside professional background checks on insiders. Technical analysis is employed to pinpoint optimal entry and exit points, often visualized with multicolor lines for support and resistance levels on weekly charts and trend lines.

In summary, Rigetti Computing stands out as a speculative yet promising entity within the quantum computing landscape, offering significant potential returns for investors ready to navigate the accompanying risks and volatility.