Rigetti Computing, Inc. Common Stock (RGTI)
Rigetti Computing, Inc. is a quantum computing company focused on developing and delivering quantum hardware and software solutions. Founded in 2013, it aims to build scalable quantum processors and cloud-based quantum computing platforms to advance research and practical applications across various industries.
Company News
Quantum technology stocks are experiencing significant growth, driven by government contracts, strategic acquisitions, and investor optimism. Companies like IonQ, Rigetti, and D-Wave are securing major partnerships and reaching new market highs.
IBM is positioning itself as a stable quantum computing investment, having booked $1 billion in quantum business since 2017 and targeting fault-tolerant systems by 2029, in contrast to more volatile pure-play quantum stocks.
Rigetti Computing and India's Centre for Development of Advanced Computing (C-DAC) signed a Memorandum of Understanding to explore co-development of hybrid quantum computing systems, focusing on collaborative research and technology advancement.
Three quantum computing companies demonstrate significant technological and commercial progress, highlighting the sector's potential for transformative innovation in business optimization, cybersecurity, and computational accuracy.
Rigetti Computing (RGTI) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
