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Rigetti Computing (NasdaqCM:RGTI) has received an order from India’s Centre for Development of Advanced Computing for a 108 qubit quantum system.
The contract marks Rigetti’s entry into India’s supercomputing market and provides added revenue visibility.
The company has postponed the release timing of its next quantum system to focus on improving fidelity.
Rigetti was not selected for a recent US DARPA quantum benchmarking contract, highlighting competitive pressure in government projects.
Rigetti Computing, a pure play quantum computing company listed on NasdaqCM:RGTI, designs and builds full stack quantum systems that target high performance computing and research use cases. Quantum hardware vendors have been competing for national programs, cloud partnerships, and research budgets as governments and large institutions look to test real world applications. In this context, the India contract adds another reference customer for Rigetti in a market that is investing in supercomputing and quantum research.
At the same time, Rigetti’s decision to push back its new system to prioritize higher fidelity, together with its absence from the DARPA benchmarking award, underlines that competition for performance benchmarks and government contracts remains intense. For you as an investor, these developments frame Rigetti as a company balancing near term revenue opportunities from international orders with ongoing product and technology pressures in a crowded quantum hardware field.
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Why Rigetti Computing could be great value
The India order gives Rigetti a concrete, contract-backed use case for its 108 qubit system and helps validate its full stack model in an on premises supercomputing setting. This matters when customers compare it with larger players like Alphabet and Microsoft or peers such as IonQ and D Wave Quantum. At the same time, delaying the next system to work on fidelity and missing the DARPA benchmark contract both signal that performance and credibility with government buyers are still live questions for investors to weigh.
How This Fits Into The Rigetti Computing Narrative
The deal with India’s Centre for Development of Advanced Computing lines up with the existing narrative that Rigetti is trying to seed hardware footprints in government and research labs that can later upgrade to higher qubit counts. It also underlines a key theme from prior commentary, that Rigetti is leaning on multiyear public sector programs and international partnerships to keep its contract pipeline moving while it works toward higher fidelity and larger systems.