Rigetti Computing's stock has surged 692% in a month due to advancements in quantum computing

From Nasdaq: 2024-12-19 11:33:00

Rigetti Computing’s stock (RGTI) has surged by 691.9% in the past month, outperforming its industry and sector. Key partnerships with Riverlane, NVIDIA, and Quantum Machines have been crucial for its growth. Rigetti’s advancements in quantum computing, including multi-chip architecture and high gate fidelities, position it as a leader in the industry. However, challenges in the quantum market have impacted its revenue and gross margin. Analysts suggest a Hold on RGTI stock due to its valuation. Looking ahead, Rigetti is poised to benefit from the growing quantum computing market.



Read more at Nasdaq: Rigetti Computing Surges 692% in a Month: Is There More Room to Jump?