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Rigetti Computing Stock Surges Amid Quantum Computing Sector Momentum
Rigetti Computing Stock Surges Amid Quantum Computing Sector Momentum
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BTCCSquare news:
Rigetti Computing (RGTI) defied broader market weakness with a 9% gain, outpacing the S&P 500's 0.3% decline. The quantum computing specialist briefly rallied 11.5% intraday, buoyed by sector-wide Optimism and fresh analyst enthusiasm.
Benchmark's bullish $50 price target—representing 6% upside from current levels—highlighted Rigetti's strengthened balance sheet and expanding product pipeline. The note contrasted with geopolitical tensions that typically pressure high-growth stocks, suggesting quantum computing's strategic importance may be overriding macro concerns.
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