Quantum computing firm Rigetti Computing (RGTI) recently received a Street-high price target of $50 from analysts at Benchmark, indicating potential upside of 13% from current levels. The upgrade marks a giant leap from the earlier target of $20 per share. Analyst David Williams believes the quantum sector is accelerating, and that Rigetti’s long-term strategy is well-supported by its execution. Moreover, the contracts that the company has managed to gain also position Rigetti for growth. More News from ...

Core Insights - The article discusses the top cloud trends expected to shape the industry by 2026, emphasizing the necessity of hybrid and multi-cloud strategies, cloud-native development, AI integration, and other emerging technologies. Group 1: Hybrid and Multi-Cloud Strategies - By 2026, 75% of organizations are projected to adopt hybrid or multi-cloud strategies, enhancing flexibility, scalability, and risk mitigation [1][2] - These strategies help avoid vendor lock-in and optimize workloads across various environments [1] Group 2: Cloud-Native Development and Microservices - By 2026, 90% of global organizations are expected to embrace cloud-native development, which promotes modular and scalable application structures [3] - Microservices enable rapid innovation and deployment, allowing businesses to scale applications based on demand without system disruption [4] Group 3: AI-Powered Cloud Services - The integration of AI with cloud computing is anticipated to grow by 25% annually by 2026, driven by advancements in machine learning and data analytics [5] - Organizations aim to leverage AI for enhanced customer experiences and operational efficiency [5][6] Group 4: Serverless Computing - The serverless computing market is projected to reach $21.1 billion by 2026, with a compound annual growth rate of 22% [7] - This model simplifies deployment and reduces operational complexity, allowing developers to focus on application development [8] Group 5: Edge Computing - The edge computing market is expected to be valued at $43 billion by 2026, facilitating data processing closer to its source [9] - This trend is crucial for industries requiring low-latency responses, such as manufacturing and healthcare [9] Group 6: Cloud Security and Zero Trust Architectures - The shift to Zero Trust security models is expected to dominate cloud security strategies by 2026, addressing sophisticated cyber threats [10] - Investing in cloud-native security solutions will be a top priority for businesses [10] Group 7: Quantum Cloud Services - Quantum cloud services are anticipated to significantly impact the industry by 2026, allowing organizations to access quantum computing power remotely [11] - Major companies are developing quantum cloud platforms for various industries [11][12] Group 8: Sustainable Cloud and Green Computing - Green cloud computing is projected to increase by 40% over the next decade, driven by consumer demand for environmentally-friendly practices [14] - Companies are focusing on using renewable energy sources to reduce their carbon footprints [14] Group 9: Cloud Integration and Interoperability - Advanced cloud interoperability platforms will be essential for integrating various cloud solutions and legacy systems by 2026 [15] - Seamless integration is crucial for digital transformation and maximizing cloud investments [16] Group 10: Cloud-Enabled Automation and DevOps - Cloud-enabled automation and DevOps practices will reshape IT operations, improving productivity and reducing human error [17] - Organizations will benefit from tools that facilitate continuous integration and delivery, leading to quicker time-to-market [18]