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Rigetti Computing, Inc. (NASDAQ:RGTI) is among the 8 Best Up and Coming Semiconductor Stocks to Buy.

On April 9, Rigetti Computing, Inc. (NASDAQ:RGTI) announced the general availability of its 108-qubit quantum computing system, Cepheus-1-108Q, now accessible via its Quantum Cloud Services platform and through Amazon Braket. This system represents a significant leap in scale and performance, utilizing a modular chiplet-based architecture that enables improved scalability—one of the most critical challenges in quantum computing. With high gate fidelity and faster processing speeds, the system demonstrates meaningful progress toward practical quantum advantage.

On April 7, Mizuho lowered its price target on Rigetti Computing, Inc. (NASDAQ:RGTI) to $33 from $43 but maintained an Outperform rating, emphasizing that despite near-term volatility and competitive pressures, the firm still sees over 100% upside potential. The analyst highlighted that quantum computing is entering the early stages of an inflection point, driven by increasing investment, technological breakthroughs, and growing enterprise interest.

Rigetti Computing, Inc. (NASDAQ:RGTI) is a full-stack quantum computing company that designs and manufactures its own superconducting quantum processors while delivering Quantum Computing as a Service (QCaaS) through its cloud platform. Founded in 2013 and headquartered in Berkeley, California, the company went public on March 2, 2022. Rigetti’s vertically integrated approach—spanning chip design, fabrication partnerships, and cloud delivery—gives it a strategic advantage in iterating rapidly and scaling its technology.

While we acknowledge the potential of RGTI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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