Rigetti Computing Soars 41% Tuesday: Quantum Milestones and Partnerships Electrify the Market [Yahoo! Finance]
Rigetti Computing, Inc. (RGTI)
Company Research
Source: Yahoo! Finance
It continues its superb run over the past few months, having surged 100% in the past five days alone, and a whopping 322% in the past month. Thanks to its savvy partnerships and exciting quantum computing road map, Rigetti Computing's stock is jumping. Important benchmarks drawing investor confidence include the release of its 84-qubit Ankaa 3 systemby year-end and a 100+ qubit system in 2025. Strong development promise comes from partnerships with NVIDIA (NVDA), Fermilab, and others as well as possible DARPA contracts and more U.S. quantum funding. Notwithstanding the financial troubles including expensive R&D expenses and liquidity issues, the story of scalable quantum developments and government assistance inspires hope. Recent successes in chip scaling and error correction increases Rigetti's edge in the cutthroat quantum field. These advances, along with the National Quantum Initiative Act's reauthorization, set Rigetti for more success; analysts seedouble-digit price targets b
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RGTI
News
- Is Under $10 RGTI Stock the Next 2025 NVIDIA, and Is It a Buy? [Yahoo! Finance]Yahoo! Finance
- Rigetti Computing, Inc. (NASDAQ: RGTI) is now covered by analysts at Craig Hallum. They set a "buy" rating and a $12.00 price target on the stock.MarketBeat
- Quantum Stocks Plummet After Meteoric Rise; A Healthy Pullback or Reversal Signal? [Yahoo! Finance]Yahoo! Finance
- Lightning Round: Ford's warranty problems will come back to haunt it, says Jim Cramer [CNBC]CNBC
- What's Behind The 500% Rise In RGTI Stock? [Forbes]Forbes
RGTI
Earnings
- 11/12/24 - In-Line
RGTI
Sec Filings
- 12/13/24 - Form 4
- 12/11/24 - Form 4
- 12/10/24 - Form 144
- RGTI's page on the SEC website