Fri Sep 12 14:00:00 UTC 2025: Okay, here’s a news article summarizing the provided text:

**Rigetti Computing Partners with India’s C-DAC Amidst Market Volatility**

**SAN FRANCISCO, CA –** Rigetti Computing (RGTI) has announced a Memorandum of Understanding (MOU) with India’s Centre for Development of Advanced Computing (C-DAC) to jointly develop hybrid quantum computing systems. The collaboration aims to support research and development efforts in both government and academic sectors.

This partnership coincides with a surge of interest and investment in the quantum computing field, highlighted by Nvidia’s recent $600 million investment. While Rigetti’s move to tap into global public sector interest is seen as a potentially positive catalyst, it arrives amidst the company facing declining sales and ongoing losses.

The MOU with C-DAC reflects Rigetti’s strategy of aligning itself with government-backed quantum R&D. However, analysts caution that the impact on immediate revenue and profitability may be limited, as government alliances typically unfold over extended periods.

While heightened market attention has driven increased options activity around Rigetti shares, risks such as shareholder dilution and operational volatility remain. Despite the positive news, a Simply Wall St valuation report suggests that Rigetti Computing may be currently priced higher than what is justified by its financials. Analyst fair value estimates for the company vary widely. Investors should be aware of these risks and ongoing losses while assessing their investments.

**About Rigetti Computing:** Rigetti Computing is a pioneer in full-stack quantum computing, aiming to build and deliver quantum systems for practical applications.

**About C-DAC:** The Centre for Development of Advanced Computing (C-DAC) is an Indian government research and development organization focused on advanced computing technologies.

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