Why Rigetti Computing Stock Soared 9.3% This Week

Group 1 - Rigetti Computing's shares increased by 9.3% this week, outperforming the S&P 500 and Nasdaq-100, which rose by 2.4% and 3.7% respectively [1] - The rise in Rigetti's stock was influenced by news from researchers at the University of Southern California regarding a potential breakthrough in quantum computing [1] - Researchers identified a new type of particle called "neglectons," which may address significant challenges in quantum computing, particularly in error correction [2] Group 2 - The development of quantum computing remains highly experimental, with many hurdles still to overcome, including the fragility of quantum systems [2][4] - Despite the promising nature of Rigetti and the recent advancements, there is skepticism regarding the timeline for achieving viable quantum computing at scale, which could take many years or even decades [4] - Current valuations of Rigetti may not justify investment at this stage, indicating a cautious approach for potential investors [4]