Rigetti Computing (RGTI) saw a remarkable 40.89% surge in its stock price this week, closing at $17.16 on Friday, up from $12.18 on July 11. The company achieved a new milestone, cutting its error rate in half, with a 36-qubit system reaching 99.5% median two-qubit gate fidelity.

Rigetti Computing (RGTI) plans to launch its 36-qubit system on August 15 and aims to introduce a 100+ qubit chiplet-based system by the end of the year. The company’s modular chip technology enables the development of advanced quantum computing systems, positioning them for future growth.

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Read more at Yahoo Finance: Rigetti Computing (RGTI) Surges 40.89% on New Milestone Achievement