Rigetti Computing Surges 1400% Amid Quantum Computing Breakthrough
Rigetti Computing (RGTI) soared 30% on July 17, outpacing flat performances from the S&P 500 and Nasdaq Composite. The rally follows the company's announcement of a 99.5% median two-qubit gate fidelity on its modular 36-qubit system—a leap from its previous 84-qubit architecture. The new system is slated for launch on August 15, 2025, fueling investor optimism.
Quantum computing and AI remain pivotal to technological advancement, as evidenced by Nvidia's ascent to becoming the world's most valuable company in June 2025. Rigetti's trajectory mirrors this trend, though the volatile nature of the sector introduces uncertainty. Future performance milestones, rather than current results, dominate the narrative—raising questions about sustainability.
