From Yahoo Finance: 2025-05-02 22:23:00

The stock market ended the week with strong gains, driven by positive non-farm payrolls and corporate earnings. Nasdaq rose by 1.51%, S&P 500 by 1.47%, and Dow Jones by 1.39%. Ten companies stood out with impressive earnings, including Rigetti Computing, Inc. (RGTI), which saw a 16.30% increase in share prices.

Investors eagerly awaited RGTI’s earnings results after its three-day surge. The company secured a $35-million investment and a $100-million partnership with Quanta for quantum computer development. RGTI was also selected for DARPA’s Quantum Benchmarking Initiative to advance its quantum computing concept.

Despite ranking 5th among Friday’s top performers, RGTI faces competition from AI stocks offering higher returns in a shorter time frame. Investors seeking promising AI stocks trading at a discount can explore options beyond RGTI.

Read more: Why Rigetti Computing, Inc. (RGTI) Went Up On Friday