Why Rigetti Computing Stock Skyrocketed Today Finviz Com

Bonisiwe Shabane

-Jan 2, 2026, 1:18 PM

why rigetti computing stock skyrocketed today finviz com

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." Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » 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. 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... 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 just unleashed a game-changing quantum breakthrough, and Wall Street is paying attention. The company announced it's using artificial intelligence to automate quantum computer calibrationa task that used to take weeks of expert manual work. The results?

Jaw-dropping efficiency gains, with Rigetti achieving 99.9% single-qubit fidelity and 98.5% two-qubit fidelity, setting new industry benchmarks. Investors aren't missing a beat: Rigetti's stock has skyrocketed over 640%, surging from just $1.50 in October to $11.15 today. In a world where quantum talent is scarce, this AI-powered leap is cutting costs, saving time, and putting Rigetti in pole position for the next era of computing. Behind the scenes, Rigetti's capital game is equally strong. The company raised $100 million in November at just $2 per share, and that early investment is looking genius right now. Analysts are bullishCraig Hallum just initiated coverage with a Buy rating and a $12 price target, signaling even more room for growth.

With institutional investors piling in (now owning over 35% of the stock), Rigetti's momentum feels unstoppable. And collaborations with tech titans like NVIDIA to integrate AI into quantum computing only amplify the buzz. This isn't just hype; it's the real deal. Rigetti's innovations are shattering barriers in the quantum industry, and every milestone they hit puts them closer to scaling this game-changing tech. The stock's meteoric rise reflects investor confidence in their ability to stay ahead in the quantum race. Quantum computing, once a niche dream, is becoming a lucrative reality, and Rigetti's soaring trajectory proves they're not just participatingthey're leading.

Why Rigetti Computing Stock Skyrocketed Today Finviz Com

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