Why Rigetti Computing Stock Is Skyrocketing Today Yahoo Finance

The company announced it has achieved a milestone in reducing its "gate errors." Rigetti is working on a promising technology, but investors should know it's many years from maturation. Shares of Rigetti Computing (NASDAQ: RGTI) are soaring on Thursday. The company's stock has jumped 28.9% as of 1:38 p.m. ET. The spike comes as the S&P 500 and Nasdaq Composite are mostly flat.

The quantum computing pioneer announced it has achieved a significant milestone in its development of commercially viable quantum computing. 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 » Written by Johnny Rice for The Motley Fool-> John Martinis, one of this year's Nobel Prize winners, is "worried" that the U.S.

quantum industry may now be just "nanoseconds" ahead of China. The quantum researcher said that the White House is "now moving on to quantum" as its next area of strategic focus. Shares of Rigetti Computing (NASDAQ: RGTI) flew higher today, finishing up 15.4%. The jump came as the S&P 500 and Nasdaq Composite both gained slightly. John Martinis, one of this year's Nobel Prize winners, told Bloomberg News that China has "caught up quickly" in the race to build a working quantum computer. He said he's now "worried that maybe we're nanoseconds ahead of them."

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... Rigetti Computing, Inc. (RGTI Quick QuoteRGTI - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Over the past month, shares of this company have returned +0.7%, compared to the Zacks S&P 500 composite's +3% change.

During this period, the Zacks Internet - Software industry, which Rigetti Computing falls in, has gained 7.9%. The key question now is: What could be the stock's future direction? While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually... Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings. We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends.

And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Shares of Rigetti Computing (NASDAQ:RGTI) are skyrocketing on Thursday. The quantum computing start-up's stock surged 10.5% as of 2:50 p.m. ET and was up as much as 12.3% earlier in the day.

The rise comes as the S&P 500 gained 1.3% and the Nasdaq Composite rose 1.8%. The quantum computing company is rallying after its industry peer reported positive earnings Thursday. The stock is also seeing a boost from President Donald Trump's U.K. trade deal. 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 » D-Wave Quantum reported strong quarterly results, beating expectations. The company announced revenue of $15 million for its first quarter of 2025, a 509% increase from the $2.5 million reported in the same period last year. D-Wave's CEO, Alan Baratz, called it "arguably the most significant [quarter] in D-Wave's history," highlighting that the company had demonstrated "quantum supremacy" over classical computing on a useful real-world problem -- a significant milestone...

People Also Search

• Why Rigetti Computing Stock Is Skyrocketing Today - Yahoo Finance
• Why Rigetti Computing Stock Skyrocketed Today - The Motley Fool
• Why Rigetti Computing Stock Is Skyrocketing Today - FINVIZ.com
• Why Rigetti Computing Stock Skyrocketed 15.4% Today - Nasdaq
• Rigetti Computing (RGTI) Stock Pulls Back Friday: What's Going On?
• Rigetti Computing, Inc. (RGTI) is Attracting Investor Attention: Here ...
• Why Rigetti Computing Stock Popped Today | The Motley Fool
• Why Rigetti Stock Is Skyrocketing Today: It's More Than Trump's Trade Deal