Rigetti Computing Inc. is experiencing an upward price movement, driven by promising developments in quantum computing technology and strategic partnerships in the industry; on Wednesday, Rigetti Computing Inc.’s stocks have been trading up by 8.93 percent.
- Rigetti, in collaboration with QphoX and Qblox, has achieved a milestone by successfully reading superconducting qubits using an optical transducer.
Live Update At 12:03:52 EST: On Wednesday, February 12, 2025 Rigetti Computing Inc. stock [NASDAQ: RGTI] is trending up by 8.93%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below.
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Alliance Global Partners raised Rigetti’s target price from $5.50 to $15, keeping a Buy rating, projecting federal R&D influx from the Quantum Re-Authorization Act.
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Needham also increased Rigetti’s target price to $17, recognizing quantum computing’s potential to transform the trillion-dollar market over the coming decade.
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Nvidia’s partnership announcements emphasize quantum technology integration, sparking joint advancements with D-Wave, Rigetti, and others.
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Microsoft’s announcement of 2025 as the year to be “quantum ready” catalyzed a 20% surge in Rigetti’s shares, echoing a bullish sentiment in the industry.
Rigetti’s Financial Health Amidst Quantum Fever
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