Rigetti Computing (RGTI) stock surged 7.10% in intraday trading on Wednesday, outperforming the broader market as quantum computing stocks witnessed a rally.
The surge in RGTI and other quantum computing stocks like D-Wave Quantum, QMCo, and IonQ, was fueled by renewed investor interest in the disruptive quantum computing technology. According to a report by Craig-Hallum, Rigetti Computing maintained a "Buy" rating, signaling potential growth opportunities for the company.
The rally in quantum computing stocks came amid a broader market uptrend, with the NASDAQ Composite Index and the Dow Jones Industrial Average both posting gains on Wednesday. However, the quantum computing sector appeared to be outperforming the market, driven by the increasing recognition of the technology's potential to revolutionize various industries.
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