- United States - / - Semiconductors - / - NasdaqCM:RGTI Rigetti Computing (RGTI) Stock Valuation After CHIPS Act Funding Move And New Quantum Processor Launch Rigetti Computing (RGTI) is back in focus after signing a non binding letter of intent with the U.S. Commerce Department for up to $100 million in CHIPS Act funding, alongside launching its 108 qubit Cepheus 1 108Q processor on major cloud platforms. See our latest analysis for Rigetti Computing. The stock has been volatile around the CHIPS Act headlines and insider selling, yet the 30 day share price return of 17.54% and very large 3 year total shareholder return suggest momentum has been rebuilding after earlier setbacks this year. If this quantum story has your attention, it is worth seeing what else is moving in the sector by scanning 29 quantum computing stocks With Rigetti shares up 84% over the past year but still trading about 39% below the average analyst price target, you have to ask: Is the recent quantum excitement underappreciated, or is the market already pricing in future growth? Most Popular Narrative: 31.1% Overvalued Rigetti shares last closed at $20.98, while the most followed narrative fair value sits at $16.00, so the valuation debate is front and center. Bull case: Rigetti is more credible today than it was before the Q1 2026 update. Revenue improved meaningfully, the balance sheet remains strong, Cepheus-1-108Q is now commercially available, and the company continues to hit relevant hardware milestones. If technical progress and customer traction continue together, the stock can keep working. Want to see what is baked into that fair value? The narrative leans heavily on rapid revenue expansion, sizable losses narrowing over time, and hardware milestones feeding into bigger contracts. According to HedgeY, the fair value implies investors are weighing a very early