Why Did Rigetti Computing Stock Skyrocket 25 Today Finviz Com

Bonisiwe Shabane

-Jan 2, 2026, 11:26 AM

why did rigetti computing stock skyrocket 25 today finviz com

One of the world's leading banks revealed it will commit billions to 27 key areas of investment, including quantum computing. Rigetti and other pure-play quantum stocks flew higher on the news. Shares of Rigetti Computing (NASDAQ: RGTI) soared on Monday, finishing up 25%. The spike came as the S&P 500 (SNPINDEX: ^GSPC) and the Nasdaq Composite (NASDAQINDEX: ^IXIC) gained 1.5% and 2.2%, respectively. The quantum computing stock surged after JPMorgan Chase revealed plans to invest $10 billion in various industries and technologies under its broad "Security and Resiliency Initiative" aimed at boosting U.S. economic and technological leadership.

Quantum computing was among the 27 areas targeted. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks » Rigetti Computing stock defied the market's bearish momentum today. Rigetti stock has gotten a big boost from analyst coverage earlier this week.

Some investors may be betting that quantum computing tech will play a rising role in the competition between the U.S. and China. Rigetti Computing (NASDAQ: RGTI) stock managed to close Thursday's trading with strong gains despite moderately bearish momentum for the broader market. The company's share price jumped 9% in the daily session despite the S&P 500 falling 0.3% and the Nasdaq Composite declining 0.1%. The stock had been up as much as 11.5% on the day before giving up some of its gains. Quantum computing stocks generally saw positive momentum in today's trading.

Rigetti Computing benefited from the trend. The stock may have also gotten a boost from analyst coverage issued earlier this week and geopolitical developments. Rigetti Computing Inc (NASDAQ:RGTI) is trading lower Friday afternoon, marking a reversal after a surge earlier in the week driven by retail momentum and sector-wide optimism. The recent volatility comes amid a classic Santa Rally, where retail investors earlier this week rotated into high-beta quantum stocks while institutional trading desks thin out for the holidays. What To Know: Earlier gains this week were fueled by a wave of social media sentiment focused on Rigetti’s 2026 roadmap, which promises higher-qubit systems and significantly lower error rates. This retail interest was compounded by a halo effect from peers like IonQ and D-Wave, which also saw spikes following strategic milestones and bullish analyst coverage.

Notably, Wedbush recently initiated coverage on Rigetti with an Outperform rating and a $35 price target, citing the company’s advanced chiplets and vertically integrated production capabilities as key differentiators. Market observers note that this week’s price action fits the pattern of a “Holiday Gap,” where lower trading volumes between Dec. 20 and New Year’s allow retail sentiment to move small-cap stocks more aggressively. While retail investors likely drove the stock higher earlier in the week on the belief that the “quantum age” could arrive by 2026, Friday’s downturn suggests a pause in the momentum as the holiday... Upgrade to FINVIZ*Elite to get real-time quotes, intraday charts, and advanced charting tools. Join thousands of traders who make more informed decisions with our premium features.

Real-time quotes, advanced visualizations, backtesting, and much more. Rigetti Computing (NASDAQ: RGTI) stock is roaring higher in Wednesday's trading thanks to multiple positive catalysts. The quantum computing specialist's share price was up 10.9% as of 3:30 p.m. ET. Shares had been up as much as 20.6% earlier in the daily session. Rigetti's valuation is getting a huge boost today after Nvidia CEO Jensen Huang made comments suggesting that quantum computing technologies could be ready to take off.

The stock is also getting a lift from better-than-expected inflation data released by the Bureau of Labor Statistics (BLS) today. Nvidia kicked off its GTC Paris developers conference this morning, and CEO Jensen Huang had some promising things to say about the trajectory of quantum computing technologies. "Quantum computing is reaching an inflection point," Huang said in his keynote speech for the conference this morning. The CEO's comments kicked off another powerful rally for quantum computing stocks, and Rigetti's valuation has surged thanks to the catalyst. The Bureau of Labor Statistics published May's consumer price index (CPI) inflation data this morning, and the results seem to bode well for Rigetti Computing stock. Core CPI, which is a measure for inflation that looks at prices for a combination of goods and excludes food and energy expenses, rose at a 2.8% annual rate last month.

Core CPI inflation ticked up just 0.1% compared to April's figure. Meanwhile, economists had expected that annual inflation for core CPI would be up 2.9% and that monthly inflation would be up 0.2%. Core CPI came in cooler than expected, and this seemingly supports the notion that the Federal Reserve is seeing economic data that leaves the door open for an interest rate cut this year. If the Fed does deliver a rate cut, that would likely be a strong positive catalyst for Rigetti Computing and other speculative growth stocks. We recently published a list of These 10 Firms Blowing Up by Double Digits Today. In this article, we are going to take a look at where Rigetti Computing, Inc.

(NASDAQ:RGTI) stands against other firms blowing up by double digits today. Ten individual stocks soared by double digits on Wednesday, outperforming a lackluster performance among Wall Street’s indices, thanks to the 90-day truce between the US and China that continued to boost investor confidence. In contrast, Wall Street’s indices were mixed, with the tech-heavy Nasdaq growing 0.72 percent, followed by the S&P 500, up 0.10 percent. The Dow Jones declined by 0.21 percent. In this article, we name Wednesday’s 10 best-performing stocks and detail the reasons behind their gains. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume.

CNBC's Jim Cramer recently suggested that Rigetti Computing stock could have big upside. Cramer had previously indicated Rigetti looked like a poor play in the quantum space, so the change in commentary is notable. Rigetti recently released its most powerful quantum computing platform, and it potentially has some big catalysts on deck later in the year. Rigetti Computing (NASDAQ: RGTI) stock is soaring higher in Thursday's daily trading session. The quantum computing specialist's share price was up 9.6% as of 3:15 p.m. ET.

Meanwhile, the S&P 500 had risen 0.3%, and the Nasdaq Composite was up 0.6%. The quantum stock had been up as much as 12.2% earlier today. Rigetti's valuation is surging thanks to recent comments from Jim Cramer, the host of CNBC's Mad Money television show. With today's pop, the stock is now up roughly 19% over the last three months despite some big volatility across the stretch.

Why Did Rigetti Computing Stock Skyrocket 25 Today Finviz Com

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