Rigetti Computing Inc. (RGTI) saw its stock surge 13.72% in pre-market trading on Tuesday, as quantum computing stocks staged a rally following a plunge in the previous session.
The pre-market surge in RGTI shares was part of a broader rebound in the quantum computing sector, with several other leading players like D-Wave Quantum (QBTS), SEALSQ Corp (LAES), and Quantum Corp (QMCO) also posting substantial gains.
The rally came after quantum stocks sold off sharply on Monday, as investors grew cautious about the near-term prospects of the technology. This followed comments from tech leaders like Meta's Mark Zuckerberg and Nvidia's Jensen Huang, who suggested that practical applications of quantum computing could still be over a decade away.
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