Rigetti Computing Inc. (NASDAQ:RGTI) saw its share prices drop 8.84% on Tuesday as investors engaged in profit-taking after a recent surge. Last week, the company reached $18 per share but has since fallen back to $15.

Rigetti Computing officially launched its multi-chip quantum computer, Cepheus-1-36Q, boasting a 2x reduction in two-qubit gate error compared to its prior system. CEO Subodh Kulkarni expressed confidence in the company’s progress towards quantum advantage and fault tolerance.

Rigetti believes superconducting qubits are the leading modality for quantum computers, citing their scalability and gate speeds over 1,000 times faster than other modalities. While RGTI shows promise as an investment, some AI stocks may offer higher returns with less risk. Explore an AI stock report for insights.

Read more at Yahoo Finance: Rigetti Computing (RGTI) Drops on Profit-Taking