Assets
Crypto Deposit
Fiat Deposit
Convert
Transfer
Withdraw
My vouchers
Fund history
Dashboard
Account Security
Identity verification
API Management
Transaction Report
Log out
Register
BTCC / BTCC Square / Global Cryptocurrency /
Rigetti Computing (RGTI) Shares Drop 8.8% on TD Cowen Downgrade Amid Quantum Funding Concerns

Rigetti Computing (RGTI) Shares Drop 8.8% on TD Cowen Downgrade Amid Quantum Funding Concerns

Author:
Global Cryptocurrency
Published:
2026-02-13 10:24:02
19
1
BTCCSquare news:

Rigetti Computing's stock fell sharply after TD Cowen downgraded it from buy to hold, citing looming capital requirements and competitive pressures in the quantum computing sector. The company faces a potential $300M+ fabrication facility investment by 2028 to achieve 99.9% chip fidelity—a critical threshold for commercial viability—against a current cash position of $525M and annual burn rate of $70-80M.

Missed opportunities compound the challenges: Rigetti was excluded from DARPA’s QBI Stage B program, which grants winners $1M+ quarterly funding and access to multi-year government quantum projects. Meanwhile, its valuation trades at a premium 255x EV/Sales multiple, outstripping peers IonQ (205.7x) and D-Wave (167x) despite weaker revenue performance (-18.1% YoY in Q4).

The quantum arms race demands relentless R&D spending, yet Rigetti’s path to scalability now hinges on securing capital for modular chiplet designs—a bet that left investors spooked.

|Square

Get the BTCC app to start your crypto journey

Download on the App Store GEI IT ON Google Play

Get started today Scan to join our 100M+ users

Exchange for a better future

Products
Services
Guides
About Us
Terms & Agreement
Customer Service

Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

The world’s longest-running cryptocurrency exchange since 2011 © 2011 - 2026 BTCC.com. All rights reserved

All articles reposted on this platform are sourced from public networks and are intended solely for the purpose of disseminating industry information. They do not represent any official stance of BTCC. All intellectual property rights belong to their original authors. If you believe any content infringes upon your rights or is suspected of copyright violation, please contact us at [email protected]. We will address the matter promptly and in accordance with applicable laws.BTCC makes no explicit or implied warranties regarding the accuracy, timeliness, or completeness of the republished information and assumes no direct or indirect liability for any consequences arising from reliance on such content. All materials are provided for industry research reference only and shall not be construed as investment, legal, or business advice. BTCC bears no legal responsibility for any actions taken based on the content provided herein.