The Latest Breaking News from Rigetti

Quantum computing is heating up. Here’s how investors can get ahead of the curve.

Rigetti is preparing to take a major leap in its quantum computing journey this month.

CNBC's Jim Cramer named one quantum stock to "own," while another company achieved a major technical breakthrough and substantial share price gains. 

From penny stock to poster child for quantum hype, Rigetti Computing Inc (NASDAQ:RGTI) has surged over 1,300% in the past year – but its CEO Subodh Kulkarni says real commercial traction is still years away.

Rigetti Computing Inc. (NASDAQ:RGTI) just flipped the switch on its biggest quantum breakthrough yet – and for once, Wall Street didn't sleep through it. The company's reveal of a 36-qubit modular quantum system with record-setting fidelity has investors scrambling, sending RGTI stock up 14.5% by 10 a.m. ET.

Rigetti Computing, Inc. (NASDAQ:RGTI) shares edged slightly lower during Wednesday's premarket trading session, even as the quantum computing firm reported a notable performance breakthrough on its latest hardware platform.

Quantum computing stocks had a big week with a completed offering and bullish analyst coverage of several stocks. 

Rigetti's financial stability, combined with growing analyst confidence and strategic partnerships, positions the quantum computing pioneer for future growth.

Shares of Rigetti Computing Inc (NASDAQ:RGTI) are soaring Wednesday afternoon after Cantor Fitzgerald initiated coverage on the quantum computing firm with an Overweight rating and a $15.00 price target.