Rigetti Computing (NASDAQ: RGTI) stock surged to an all-time high after announcing a $5.8 million, three-year contract from the Air Force Research Laboratory to advance superconducting quantum networking. This news, along with a recent deal from quantum computing peer IonQ, is boosting investor confidence in the potential of quantum technologies.

Investors are recognizing the legitimacy and practicality of quantum computing, leading to increased interest in quantum computing stocks like Rigetti. Practical applications, such as secure communications, are driving this interest. However, investors should be aware of the risks and potential volatility associated with investing in this emerging technology sector.

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Read more at Yahoo Finance: Why Rigetti Computing Stock Soared Today