Rigetti Computing Inc. (NASDAQ: RGTI) shares soared Friday, climbing more than 20% intraday as investor interest in quantum computing stocks intensified. The stock hit a high of $20.11 before settling around $19.04 by late afternoon, still up more than 14% on the day.
The rally comes on the heels of growing optimism around the quantum computing sector, with peer companies like IonQ also experiencing sharp gains this week. While no major corporate announcements were issued Friday, analysts point to speculative momentum and heightened media coverage as key drivers behind Rigetti’s spike.
Trading volumes surged well above average, signaling strong retail participation. On investor forums and social platforms, RGTI became a trending ticker, with traders highlighting its potential to ride the wave of global quantum computing investment.
Despite the bullish move, market watchers caution that Rigetti remains a highly volatile play. The company, like many of its quantum peers, is still unprofitable and faces steep technical and commercial challenges in bringing large-scale quantum systems to market.
For now, however, Rigetti’s stock surge reflects renewed enthusiasm for emerging technologies and positions the company firmly in the spotlight of investors chasing the next big tech breakthrough.
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