Quantum Computing giant, Rigetti Computing (RGTI, Financial) continued its upward ascent of over 15% in early trading Monday following the launch of its latest quantum system, the 84-qubit Ankaa-3. YTD the stock is up almost 1,100% and over 1,233% over the past six months alone.Together with a rebuilt cryogenic basis and optimized qubit layouts, its cutting-edge Alternating-Bias Assisted Annealing (ABAA) technology defines the hardware makeover of this flagship system with precision frequency targeting.
Ankaa-3 achieved a milestone of 99.5% median two-qubit gate integrity, defining a new benchmark for quantum performance.Accessible now via Rigetti Quantum Cloud Services (QCS®), the system will interface in early 2025 with Microsoft Azure (MSFT) and Amazon Braket (AMZN). Driven by advances like a better qubit chip and a robust calibration technique that reduces error rates, Ankaa-3 offers faster, high-fidelity gates specifically for advanced algorithmic research.CEO Dr. Subodh Kolkarni underscored Rigetti's robust financial positioning with $225 million in cash reserves and a goal aimed at scalable, modular systems exceeding 100 qubits by late 2025.
