Why Rigetti Computing (RGTI) is Making Headlines?

Core Insights - Rigetti Computing, Inc. (NASDAQ:RGTI) has experienced a stock surge of over 20% since October 13, following JP Morgan's announcement of a $1.5 trillion investment in the U.S. over the next decade, which includes quantum computing as a critical industry [1] - The company secured purchase orders for two quantum computing systems valued at approximately $5.7 million, with delivery expected in the first half of 2026 [2] - Wall Street shows a bullish sentiment towards Rigetti, with Benchmark Co. raising the price target from $20 to $50 while maintaining a Buy rating [3] Company Developments - Rigetti Computing is advancing in the quantum computing sector, having announced the acquisition of two 9-qubit Novera quantum computing systems [2] - The systems are designed to be upgradeable, allowing customers to increase qubit capacity for more complex research [2] - The company operates full-stack quantum computers that are accessible via its Quantum Cloud Services platform [3]