Shares of quantum computing company Rigetti Computing (RGTI) soared 5.31% in Wednesday's intraday trading session, outperforming the broader market. The stock's impressive upside movement came amid growing investor optimism about the potential role of quantum computing in driving advancements in artificial intelligence (AI).

The surge in Rigetti's stock price was fueled by a positive analyst report highlighting the company's progress in developing its quantum processor technology and its potential applications in AI. According to the report, Rigetti's latest flagship quantum computer, the Ankaa-3, recently achieved a significant milestone by halving its error rates, a critical challenge in the field of quantum computing.

The report also emphasized the complementary nature of quantum computing and AI, suggesting that Rigetti's quantum systems could help AI systems process data even more quickly by leveraging the unique capabilities of quantum computing. As the AI market continues to expand rapidly, Rigetti's position as a leader in quantum computing could position it favorably to capitalize on the growing demand for advanced computing solutions in the AI space.