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Rigetti Computing (RGTI) Jumps to 52-Week High on Quantum Computing Wave
Yahoo Finance· 2025-09-18 14:46
Group 1 - Rigetti Computing, Inc. (NASDAQ:RGTI) reached a new 52-week high of $22.13, closing at $21.99, reflecting a 9.95% increase in share price [1] - The surge in Rigetti's stock price is attributed to optimism in the quantum computing sector, particularly following a partnership between the Department of Energy and IonQ Inc. to advance quantum technologies in space [2] - Rigetti has entered into a Memorandum of Understanding (MOU) with India's Centre for Development of Advanced Computing (C-DAC) to co-develop hybrid quantum computing systems aimed at supporting government laboratories and academic research [3][4] Group 2 - The partnership between IonQ and the Department of Energy enhances the prospects for the quantum computing industry, which was previously considered to be 15 to 30 years away from significant benefits [3] - Rigetti's collaboration with C-DAC will focus on the design and development of hybrid quantum computing systems and related technologies for market introduction [4]