Rigetti Computing shares remain in their long- and short-term bull market trends with a target price of $25.

American stocks have started the year well, with the S&P 500 and Nasdaq 100 indices soaring to their record highs. This trend may continue although risks remain, especially with the Federal Reserve maintaining a hawkish tone and Donald Trump threatening tariffs on imports.

The same stocks rallied earlier this week after Microsoft unveiled an initiative meant to familiarize business leaders with quantum systems.

The company plans to leverage this technology to create a 36-qubit system using four connected chips by mid-2025, followed by a 100-plus qubit system later in the year. Financial position strengthens amid soaring valuation Rigetti's financial position was significantly boosted by a capital raise last November.

Shares of Rigetti Computing are falling precipitously, but could this be an opportunity to cash in on the quantum computing movement at a reasonable price?

Rigetti Computing's financials show low and inconsistent revenues, a declining cash position, and increasing share dilution. Read why RGTI stock is a Hold.