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Rigetti Stock Skyrockets Amid Quantum Computing Boom Bubble Or

Bonisiwe Shabane
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rigetti stock skyrockets amid quantum computing boom bubble or

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 (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. Rigetti Computing has become the poster child for quantum computing’s explosive potential on Wall Street. The Berkeley-based company’s shares have skyrocketed over 1,000% in just one year.

This meteoric rise has added approximately $1.7 billion in market cap in the last month alone. The company operates as a full-stack quantum computing firm, developing both hardware and software for practical quantum systems. Rigetti focuses on superconducting qubit quantum processors, a leading approach in achieving quantum advantage over classical computers. Three primary catalysts have driven this extraordinary stock performance. Breakthrough technological achievements top the list. Strategic government partnerships and evolving market sentiment around quantum computing’s commercial potential round out the key drivers.

The most telling catalyst came in July 2025 when Rigetti announced achieving 99.5% median two-qubit gate fidelity. This breakthrough occurred on its 36-qubit quantum system. Gate fidelity measures how accurately quantum operations can be performed, a critical metric for building useful quantum computers. This achievement positions Rigetti among the leaders in quantum computing performance. It demonstrates that Rigetti’s superconducting approach and chiplet architecture deliver measurable progress toward quantum advantage in real-world applications. Quantum computing exploded onto the investment scene in late 2024, igniting a frenzy that propelled pure-play stocks to astronomical heights.

Rigetti Computing (RGTI) emerged as one of the biggest beneficiaries, with shares rocketing over 800% in a single month amid breakthrough announcements and surging optimism. Over the past three years, RGTI has delivered staggering gains of more than 3,200%, and at its peak, the stock was up over 8,200% from historic lows. Early investors have undeniably struck a rich motherlode, turning modest bets into life-changing wealth. Yet for those new to the quantum sector, the ride has been brutal. On Friday, RGTI tumbled almost 9% to close 61% below its October high of $58, erasing much of the year's explosive gains. This pullback mirrors broader pain across quantum stocks like IonQ (IONQ) and D-Wave (QBTS), which have also plunged sharply after similar booms and busts.

With the entire sector reeling, investors need to ask: Is the hype surrounding quantum computing finally over – and is RGTI still a buy? Quantum computing harnesses principles of quantum mechanics, using qubits that can exist in multiple states simultaneously (superposition) and become entangled. Unlike classical bits limited to 0 or 1, this enables quantum systems to explore vast solutions exponentially faster for certain problems. The potential is transformative: faster drug discovery by simulating molecules, optimized financial models, unbreakable encryption breakthroughs, and efficient logistics routing. Quantum could reshape industries from pharmaceuticals to materials science, unlocking solutions classical computers can't touch in reasonable time. Rigetti Computing (RGTI) shares are in the spotlight after a volatile trading session, dipping 2.76% to $10.91 on Monday following a 29% surge on Friday.

The recent spike was primarily driven by the massive 40% rally in D-Wave Quantum (QBTS), which soared on news of a staggering 502% increase in Q4 bookings, reaching $18.3 million, alongside bold claims of... Currently, Rigetti Computing is trading near $10.56, just below key resistance at $10.93. If RGTI breaks above this level, we could see further upside. Rigetti Computing’s latest rally showcases the growing excitement around quantum computing stocks, but investors should remain cautious. The stock’s strong momentum and correlation with D-Wave Quantum (QBTS) suggest a short-term upside, but volatility remains a key risk. Whether RGTI will sustain its gains or fall victim to speculative hype depends on upcoming industry developments and investor sentiment.

InvestingCube’s editorial policy is centered on delivering thoroughly researched, accurate, and unbiased content. Rigetti Computing Inc. (NASDAQ:RGTI) just flipped the switch on its biggest quantum breakthrough yet – and for once, Wall Street didn't sleep through it. The company's reveal of a 36-qubit modular quantum system with record-setting fidelity has investors scrambling, sending RGTI stock up 14.5% by 10 a.m. ET. Quantum might still be years from going mainstream, but Rigetti's stock is having its moment right now.

Rigetti has built the largest modular quantum computer yet by linking together four 9-qubit chips to create a 36-qubit system. But it's not just about size—the company also cut its error rate in half, reaching 99.5% accuracy in how its qubits work together. That's a major step toward making quantum computers more reliable. What makes this even more impressive is that Rigetti isn't just talking about modular quantum design – it's actually delivering. With real data, real performance and a clear path to building a 100+ qubit system by the end of the year, Rigetti is turning big quantum ideas into working technology. Read Also: Quantum Stock Watch: Bullish Analyst Coverage On IonQ, D-Wave, Rigetti Computing

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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 (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 ...

For Years, Companies And Researchers Have Been Racing Toward This

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...

This Makes Quantum Computers Potentially Vastly More Powerful For Certain

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 surpa...

This Meteoric Rise Has Added Approximately $1.7 Billion In Market

This meteoric rise has added approximately $1.7 billion in market cap in the last month alone. The company operates as a full-stack quantum computing firm, developing both hardware and software for practical quantum systems. Rigetti focuses on superconducting qubit quantum processors, a leading approach in achieving quantum advantage over classical computers. Three primary catalysts have driven th...

The Most Telling Catalyst Came In July 2025 When Rigetti

The most telling catalyst came in July 2025 when Rigetti announced achieving 99.5% median two-qubit gate fidelity. This breakthrough occurred on its 36-qubit quantum system. Gate fidelity measures how accurately quantum operations can be performed, a critical metric for building useful quantum computers. This achievement positions Rigetti among the leaders in quantum computing performance. It demo...