Rigetti Computing Inc (NASDAQ:RGTI) is bridging the gap between quantum ambition and reality.The firm secured $21 million in contracts for 2025, showcasing tangible progress toward its goal of a 1,000+ qubit, error-corrected system. With key partnerships and a proven chiplet architecture, the company's roadmap is starting to take shape."There's really not a single factor that dominates the overall progress on qubit count, fidelity, and other performance characteristics," Rigetti Computing CEO Subodh Kulkarn ...

Market Overview - Wall Street reached record highs driven by rising expectations for Federal Reserve rate cuts, countering concerns over the U.S. government shutdown [1][2] - Tech and AI-related stocks, particularly Nvidia, contributed significantly to market gains [1] Economic Context - The ongoing government shutdown has delayed key economic data releases, leading investors to focus on sentiment and future rate expectations [2] - Market participants are closely monitoring the duration of the shutdown and its impact on rate cut expectations [3] Bullish Stocks - **Intel Corp.** saw a 50% increase in stock price over the past month, with the U.S. government's stake rising to approximately $16 billion, enhancing investor confidence [4] - **Rumble Inc.** experienced a stock rally following a strategic partnership with Perplexity to integrate AI tools and launch a subscription bundle [5] - **Quantum Stocks**: Rigetti Computing and D-Wave Quantum led a surge in quantum stocks, with Rigetti securing ~$5.7 million in new orders and analysts raising targets for the sector [6] Bearish Stocks - **DraftKings Inc.** stock fell over 10% despite announcing a multi-year advertising partnership with NBCUniversal, as investors weighed competitive pressures in the online gaming market [7] - **Netflix Inc.** shares declined after Elon Musk urged his followers to cancel subscriptions, citing content concerns [8] - **Palantir Technologies and Anduril** faced scrutiny over security vulnerabilities in a U.S. Army communications prototype, labeled as "very high risk" [8]

Key Points Rigetti's stock soared 84% in September, dramatically outperforming other quantum computing peers. Despite the exciting developments, companies like Rigetti remain years away from sustainable profits. 10 stocks we like better than Rigetti Computing › Shares of Rigetti Computing (NASDAQ: RGTI) skyrocketed 83.6% in September, according to data from S&P Global Market Intelligence. Quantum computing stocks generally surged last month, with gains ranging from Quantum Computing's 17% jump to D ...