University of Kwazulu-Natal

Why Is Rigetti Computing Stock Soaring Today Msn

Bonisiwe Shabane
-
why is rigetti computing stock soaring today msn

Written by Keith Noonan for The Motley Fool-> 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. 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... Bullish comments on quantum computing’s potential from Microsoft's CEO boosted quantum stocks. CEO Satya Nadella called quantum computing "the next big accelerator" in the cloud.

Investors should remain cautious; quantum technology’s commercial viability could still be a long way off. Shares of Rigetti Computing (NASDAQ: RGTI) are jumping on Thursday. The quantum computing start-up's stock rose 4.8% as of 3:30 p.m. ET, but was up as much as 12.6% earlier in the day. The rise comes as the S&P 500 (SNPINDEX: ^GSPC) was flat and the Nasdaq Composite (NASDAQINDEX: ^IXIC) rose 0.2%. Rigetti and other quantum stocks saw a boost after Microsoft's earnings call, in which the tech giant's CEO called out quantum computing as "the next big accelerator" in cloud computing.

Rigetti Computing announced a new $5.8 million deal today. It wasn't the only deal in the sector moving quantum computing stocks. Rigetti Computing (NASDAQ: RGTI) stock soared Thursday morning after the company announced a new deal. The news sent Rigetti shares to an all-time high. Shares of the developer and builder of quantum computing systems were up by 14.1% near the session high, as of 11:53 a.m. ET.

Rigetti announced today that it was awarded a new three-year contract worth $5.8 million. It wasn't the only deal in the quantum computing space that has the stock and its peers moving higher today. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » A Wall Street firm maintained its buy rating on the stock and raised its price target.

This article first appeared on our U.S. website. Shares of Rigetti Computing (NASDAQ: RGTI) were trading 10% higher as of 3 p.m. ET Monday, after a Wall Street analyst raised his price target on the stock and reiterated a buy rating for the quantum computing company. Needham analyst Quinn Bolton increased his price target on Rigetti by $3 to $18 per share, implying about 15% upside from current levels. Bolton believes there is momentum in the quantum computing sector.

He is specifically watching the Defense Advanced Research Projects Agency’s (DARPA) Quantum Benchmark Initiative (QBI) and a pending bill in Congress called the Department of Energy Quantum Leadership Act. An independent research and development (R&D) agency stashed within the U.S. Department of Defense, DARPA was created in response to the launch of Sputnik in 1957 and works to ensure the country is always prepared to “face a strategic technical surprise.” QBI’s goal is to... The initiative is currently in stage A.

People Also Search

Written By Keith Noonan For The Motley Fool-> Rigetti Computing

Written by Keith Noonan for The Motley Fool-> 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...

The Company's Share Price Jumped 9% In The Daily Session

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. 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 rec...

Notably, Wedbush Recently Initiated Coverage On Rigetti With An Outperform

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 sm...

Investors Should Remain Cautious; Quantum Technology’s Commercial Viability Could Still

Investors should remain cautious; quantum technology’s commercial viability could still be a long way off. Shares of Rigetti Computing (NASDAQ: RGTI) are jumping on Thursday. The quantum computing start-up's stock rose 4.8% as of 3:30 p.m. ET, but was up as much as 12.6% earlier in the day. The rise comes as the S&P 500 (SNPINDEX: ^GSPC) was flat and the Nasdaq Composite (NASDAQINDEX: ^IXIC) rose ...

Rigetti Computing Announced A New $5.8 Million Deal Today. It

Rigetti Computing announced a new $5.8 million deal today. It wasn't the only deal in the sector moving quantum computing stocks. Rigetti Computing (NASDAQ: RGTI) stock soared Thursday morning after the company announced a new deal. The news sent Rigetti shares to an all-time high. Shares of the developer and builder of quantum computing systems were up by 14.1% near the session high, as of 11:53 ...