Rigetti Computing, Inc. (Rgti) Goes Hot Again
Rigetti Computing, Inc. (NASDAQ:RGTI) added 9.87 percent to close at $9.35 apiece on Friday, fueled by its $100-million partnership with Quanta Computer to ramp up quantum computing development. The company secured a $35-million investment in Quanta through the purchase of RGTI shares at a price of $11.59 apiece. Rigetti Computing, Inc. (NASDAQ:RGTI) is expected to release a 36-qubit system based on four 9-qubit chips by mid-2025.
- The resurgence of investor sentiment around Rigetti Computing, Inc. (NASDAQ:RGTI) highlights the growing interest in quantum computing technology and its potential applications in various industries.
- Can Rigetti Computing, Inc. (NASDAQ:RGTI) sustain this momentum as it continues to develop its quantum computing capabilities, or will the hype surrounding the technology lead to a correction?