Rising over 29% in mid-day trade Thursday, Rigetti Computing (RGTI, Financial) continues its amazing surge. Over the past month, the stock is up over 744%, 1,390% year-to-date, and over 1,422% in the past six months alone. The jump underscores growing investor excitement about quantum computing, a transforming technology that's likely to mimic the rapid ascent of AI. Excitement over the sector's potential is driven by quantum discoveries including Google's "Willow" device capability of solving problems in minutes that would take conventional supercomputers billions of years.
Rigetti's incredible ascent sheds light on the transformative impact of quantum innovation. Other tech behemoths, notably Amazon (AMZN, Financial), are also developing in this area; projects like the Quantum Embark Program continue drawing interest. By addressing challenges beyond the reach of conventional computers, quantum computing is supposed to transform sectors. Viewed as a sector that might reshape the future of technology and become a major driver of investing trends for 2025, Rigetti remains one of the key bellwether investments in the niche.
