Rigetti Computing Inc. (NASDAQ:RGTI) saw its stock surge by 5.01% during Monday's intraday trading session, fueled by comments from Microsoft co-founder Bill Gates that raised optimism for a potential breakthrough in quantum computing within the next few years.
In an interview with Yahoo Finance's Opening Bid podcast, Gates challenged the view of Nvidia CEO Jensen Huang, who had previously suggested that truly useful quantum computers could take 15 to 30 years to arrive. Gates stated, "There is the possibility that he [Huang] could be wrong. There is the possibility in the next three to five years that one of these techniques would get enough true logical Qubits to solve some very tough problems."
As a pioneer in the quantum computing field, Rigetti Computing is positioned to benefit from any significant advancements in the technology. Gates' comments have ignited investor enthusiasm, driving the company's stock higher in anticipation of a potential quantum computing revolution within a shorter timeframe than previously expected.
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