Rigetti Computing, Inc. (NASDAQ:RGTI) is a hot growth stock, surging over 20% since October 13 after JP Morgan announced a $1.5 trillion investment in critical industries like quantum computing, pushing the stock to an all-time high.

Rigetti Computing secured orders for two $5.7 million quantum computing systems, upgradeable to 9-qubit Novera systems, with delivery expected in the first half of 2026.

Wall Street is bullish on Rigetti Computing, with Benchmark Co. raising the price target from $20 to $50, reiterating a Buy rating for the stock.

Rigetti Computing develops and operates full-stack quantum computers accessible through its Quantum Cloud Services platform, positioning itself as a key player in the quantum computing space.

Read more at Yahoo Finance: Why Rigetti Computing (RGTI) is Making Headlines?