Rigetti Computing (RGTI, Financial) 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 calibration—a 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 bullish—Craig 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 participating—they're leading.
