Rigetti Computing’s 108-Qubit Quantum Leap Sparks 10% Stock Surge
Rigetti Computing (RGTI) shares surged 10% following the commercial launch of its industry-leading 108-qubit Cepheus-1-108Q system. The quantum computing pioneer now triples its previous capacity, offering the largest modular multi-chip architecture available through both Amazon Braket and its proprietary cloud platform.
With 99.1% median two-qubit gate fidelity and a roadmap targeting 99.5% by 2026, Rigetti positions itself at the forefront of quantum scalability. The company's bold $100M UK investment plan for a 1,000+ qubit system within 3-4 years underscores its ambition to dominate the quantum arms race.
Analyst sentiment remains bullish, with Mizuho projecting over 100% upside potential. RGTI's price trajectory reflects growing market confidence, climbing from $12.90 to $16.79 in a fortnight as institutional interest in quantum computing solutions accelerates.
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