Stock Track | Rigetti Computing Soars 5.13% Premarket on Promising Strategic Collaborations and Technology Advancements

Stock Track

03-06

Rigetti Computing (RGTI) stock surged 5.13% in premarket trading on Thursday, following the company's fourth-quarter 2024 earnings report and strategic updates that boosted investor confidence in its future prospects.

The quantum computing pioneer reported a wider net loss of $153 million, or $0.68 per share, for Q4 2024, compared to a net loss of $12.6 million in the same period last year. However, the company achieved significant milestones in its technological advancements and strategic partnerships.

Rigetti announced a strategic collaboration with Quanta Computer Inc., committing over $100 million each to accelerate the development of superconducting quantum computing. This partnership aims to leverage Quanta's manufacturing capabilities and Rigetti's technology to drive innovation in the field.

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