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Rgti Rigetti Stock Soars 30 On Quantum Breakthrough Marketbeat

Bonisiwe Shabane
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rgti rigetti stock soars 30 on quantum breakthrough marketbeat

Written by Leo Miller, MarketBeat Contributor for MarketBeat-> Quantum computing stock Rigetti Computing (NASDAQ: RGTI) had a massive day on July 16. Shares rose 30% after the firm announced, “Rigetti Demonstrates Industry’s Largest Multi-Chip Quantum Computer; Halves Two-Qubit Gate Error Rate.” So, what does this actually mean, and why should quantum investors care deeply about this announcement? In quantum computing, a big debate is whether to use a monolithic or multi-chip approach. A monolithic approach involves creating a massive single-chip quantum computer.

The multi-chip approach uses several smaller chips. These chips connect through a process called tiling. Multi-chip, modular, and chiplet are different terms used to describe this approach. As the quantum computing industry grows, many firms are moving from a monolithic approach to a multi-chip one. Notably, this includes Rigetti itself, as well as International Business Machines (NYSE: IBM). After years of pursuing the monolithic approach, Rigetti now believes that the modular approach is the “right way to go in the long term." According to researchers at Northwestern University, “practical implementations of quantum...

The Northwestern researchers suggest that scaling a monolithic chip to millions of qubits is “very expensive or entirely unrealistic by current standards." They argue that large-scale quantum systems will need to adopt a multi-chip/modular... Rigetti Computing’s (NASDAQ: RGTI) stock has taken Wall Street by storm, skyrocketing after the company announced a significant breakthrough in quantum computing technology. Investors, analysts, and tech enthusiasts are watching closely as Rigetti’s latest milestone signals a potential new era for commercial quantum computing—and for the company’s prospects in a sector that’s been long on promise but,... Rigetti’s meteoric rise began after it revealed that its latest quantum processor, codenamed "Aspen-M," achieved reliable error rates and algorithm performance surpassing the much-discussed quantum advantage threshold. Quantum advantage refers to the moment when a quantum computer can solve problems faster or more efficiently than the most powerful classical supercomputers. For years, companies and researchers have been racing toward this line, with incremental progress and heavy skepticism from industry observers.

The milestone achieved by Rigetti’s Aspen-M chip goes beyond simple error correction. According to company disclosures, the system now consistently runs quantum algorithms that demonstrate a tangible speedup for certain optimization and simulation problems—some of which are central to logistics, cryptography, drug discovery, and advanced material... This capability opens the door for enterprises and governments to experiment with quantum solutions that, until recently, were largely theoretical. Quantum computing is often described as the "moonshot" of information technology. Unlike classical bits, which store data as 0 or 1, quantum bits (qubits) can exist in multiple states simultaneously due to superposition and entanglement. This makes quantum computers potentially vastly more powerful for certain classes of problems.

However, practical, large-scale, and reliable quantum computers have remained elusive, hindered by noise, instability, and extremely high error rates. Rigetti’s achievement is significant because it marks one of the first credible demonstrations of a mid-scale, gate-based quantum processor reliably surpassing classical machines for targeted tasks. While other tech giants like Google, IBM, and IonQ have claimed various breakthroughs, Rigetti’s progress is unique for its focus on practical, commercially valuable applications rather than abstract benchmarks. Daily stocks & crypto headlines, free to your inbox By continuing, I agree to the Market Data Terms of Service and Privacy Statement Rigetti Computing's stock, listed under the ticker RGTI, surged by 30% on July 16 following the announcement of a breakthrough in quantum computing technology.

The company reported achieving a 99.5% median two-qubit gate fidelity on its modular 36-qubit system, a significant milestone in the quest for commercial viability in the quantum computing sector. For more details, visit the original source. Based in Berkeley, Rigetti's latest achievement marks a twofold reduction in error rates compared to its previous results, bringing the possibility of practical quantum computing applications closer to reality. This development is supported by Rigetti's proprietary modular chip technology, which integrates four 9-qubit "chiplets" to form a 36-qubit system. This innovative approach uses established semiconductor industry techniques to enable scalability while maintaining high performance, addressing a critical challenge in the field where error rates typically increase with system size. CEO Subodh Kulkarni highlighted the advantages of superconducting qubits, noting their gate speeds are over 1,000 times faster than other modalities such as ion trap and pure atoms, and their scalability.

Unlike competitors employing trapped ions or atoms, Rigetti's superconducting qubits function at extremely low temperatures, reducing electrical resistance and allowing them to sustain quantum states for extended periods. The timing is advantageous for investments in quantum technology, as the sector gains momentum with companies transitioning from research to commercial applications. Rigetti plans to launch its 36-qubit system on August 15 and aims to deliver a system with over 100 qubits by the end of 2025. Despite these technical achievements, Rigetti faces challenges in monetizing its advancements. The company has reported year-over-year revenue declines for four consecutive quarters, with Q2 projections indicating adjusted losses of $0.04 per share on $1.87 million in revenue. In Q1 2025, Rigetti reported revenue of $1.5 million, a significant drop from $3.1 million in the same period the previous year.

However, Rigetti has secured strategic wins, including selection for DARPA's quantum benchmarking initiative, advancing to Stage A with a $1 million award. Kulkarni emphasized the program's importance, noting that DARPA selected only 15 companies from over 100 applicants to develop "utility-scale quantum computing" within seven years. Rigetti Computing’s (RGTI) shares have surged into the mid-$50s in October 2025. In late Sept and early Oct, announcements of new contracts and technology milestones repeatedly sent the stock higher Insidermonkey ts2.tech. Analysts note RGTI is trading on future promise more than current sales. Rigetti’s stock has exploded higher in recent weeks.

On Oct. 13, 2025, RGTI spiked about +25% intraday to a record ~$55.23 (closing $54.91) Insidermonkey. This burst was largely in response to news that JPMorgan is investing $10 billion in “frontier” tech including quantum computing Insidermonkey. As Insider Monkey reported, “Rigetti Computing surged to a new record high… as investors snapped up shares in industries targeted by JPMorgan’s $1.5 trillion investment plan” Insidermonkey. D-Wave and other quantum stocks also rallied on this news Insidermonkey. By Oct.

14 RGTI closed around $56 and in early Oct it was trading in the mid-$50s, far above the ~$20 range of mid-September. Year-to-date, RGTI is up roughly +100–130% (depending on start date) ts2.tech ts2.tech – an astronomical gain fueled by a few catalysts. For comparison, D-Wave (QBTS) and IonQ (IONQ) have also climbed this year (roughly +165% and +48% YTD, respectively ts2.tech), while the S&P 500 is essentially flat. Rigetti’s recent volume has also jumped (TradingView data show daily volume in the hundreds of millions), reflecting frantic buying. Several headline deals and product news have driven the rally. In late September 2025, Rigetti announced it had booked ~$5.7 million in purchase orders for two Novera on-premises quantum computers ts2.tech Nasdaq.

(One order came from a large Asian tech firm and the other from a California AI startup Nasdaq.) These Novera units (each 9-qubit and upgradeable) are to be delivered in H1 2026. Simultaneously, Rigetti revealed a 3-year, $5.8M U.S. Air Force contract (via a Quantum Networking collaboration) ts2.tech. Though small in revenue, the Novera and USAF announcements “reinforced investor confidence” and triggered big jumps – Rigetti’s stock rallied ~16% the day the Novera news broke Nasdaq ts2.tech. On the tech side, Rigetti rolled out its new 36-qubit “Cepheus‑1” multi-chip processor in August 2025. Cepheus‑1 (four 9-qubit chiplets) achieves 99.5% two-qubit fidelity Datacenterdynamics and is accessible via Rigetti’s cloud (and soon on Microsoft Azure Datacenterdynamics).

Rigetti says this processor “has facilitated its goal of introducing a 100+ qubit system by the end of 2025” Datacenterdynamics. CEO Subodh Kulkarni highlights that Rigetti’s superconducting qubits “leverage… chiplets” to scale to higher qubit counts Datacenterdynamics. Rigetti has also been expanding partnerships: Taiwan’s Quanta Computer invested $35M into Rigetti this year (part of a larger $100M+ collaboration) ts2.tech. In September it signed an MOU with India’s C-DAC to co-develop hybrid quantum-classical systems ts2.tech. And in August 2025 Montana State University installed Rigetti’s first on-campus Novera unit for research ts2.tech. All these deals – though mostly R&D or pilot projects – have kept Rigetti in the headlines and helped sustain the stock momentum.

As TechStock² noted, these “headline developments, although modest in revenue, repeatedly fueled double-digit stock jumps… as investors seized on any sign of progress” ts2.tech.

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Written by Leo Miller, MarketBeat Contributor for MarketBeat-> Quantum computing stock Rigetti Computing (NASDAQ: RGTI) had a massive day on July 16. Shares rose 30% after the firm announced, “Rigetti Demonstrates Industry’s Largest Multi-Chip Quantum Computer; Halves Two-Qubit Gate Error Rate.” So, what does this actually mean, and why should quantum investors care deeply about this announcement?...

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