Rigetti Computing (RGTI) saw its stock prices reach an eight-month high on Friday, closing up by 14.38% at $19.09 per share. The company recently announced a collaboration with C-DAC to develop hybrid quantum computing systems for government labs and academics. CEO Subodh Kulkarni expressed excitement for the partnership and advancing hybrid computing technology.

The partnership with C-DAC highlights Rigetti Computing’s (RGTI) commitment to innovation in quantum computing. While RGTI shows promise as an investment, some believe other AI stocks offer higher returns with less risk. For those interested, a report on the best short-term AI stock is available.

In other news, Insider Monkey published a list of 30 stocks that are projected to double in 3 years, along with 11 hidden AI stocks to consider investing in. No disclosures were made in the article.

Read more at Yahoo Finance: Rigetti Computing (RGTI) Hits 8-Month High