Quantum computing firm Rigetti surges after tech update
16/07/2025 16:27
** Shares of quantum computing firm Rigetti Computing RGTI.O jump 19.4% to $15.2, hitting their highest level in seven weeks
** Company says it has achieved a mid-year performance milestone of 99.5% median two-qubit gate fidelity on its modular 36-qubit system
** Says new performance milestone cuts in half median two-qubit gate error rate from its previous best results on its 84-qubit single chip system
** RGTI says it plans to launch 36-qubit system on August 15
** Company will report Q2 results on August 6
** RGTI is the #1 trending ticker on retail investor forum and social media platform Stocktwits on Wednesday
** Quantum computing stocks have been in focus this year, with Nvidia's NVDA.O CEO Jensen Huang saying in June that the technology is at an inflection point
** Including sessions' gains, stock down more than 2% YTD
(Reporting by Shashwat Chauhan in Bengaluru)
((Shashwat.Chauhan@thomsonreuters.com))