Rigetti Computing (RGTI) Rockets 15% on Market Boost

Group 1 - Rigetti Computing, Inc. (NASDAQ:RGTI) experienced a significant stock price increase of 15.44%, closing at $30.06, driven by optimism surrounding a potential interest rate cut by the Federal Reserve [1][4] - The Federal Reserve is expected to announce a 25-basis-point rate cut on December 10, which could benefit capital-intensive sectors like quantum computing [2] - Despite a widened net loss of 1,257% to $200.97 million and an 18% drop in revenues to $1.9 million in Q3, Rigetti reported strong demand for its quantum computers and ongoing R&D collaborations [2][3] Group 2 - Rigetti is on track to deploy a 150+ qubit system by the end of 2026 with a median two-qubit gate fidelity of 99.7%, and a 1,000+ qubit system by 2027 with a fidelity of 99.8% [4]