Why Rigetti Computing Stock Soared Today

Group 1 - Rigetti Computing's stock surged by 14.1% after announcing a new three-year contract worth $5.8 million, reaching an all-time high [1][3] - The contract is with the Air Force Research Laboratory to advance superconducting quantum networking, aiming to explore the potential of quantum networks to scale up [3] - Rigetti's peers in the quantum computing sector, such as IonQ, are also experiencing stock increases due to new deals, indicating a positive trend in the industry [4][5] Group 2 - Investors are increasingly recognizing the legitimacy and practicality of quantum computing, as evidenced by IonQ's recent memorandum of understanding with the U.S. Department of Energy [5] - The focus on practical applications of quantum technologies is driving investor interest in quantum computing stocks [5] - The competitive landscape includes other companies like IonQ, which are also making strides in the quantum computing space [4][5]