Rigetti Computing’s Quantum Leap: Stock Soars on Breakthroughs and Bold Bets
Rigetti Computing shares hit a 52-week high of $29.59 on record volume after a bullish analyst upgrade, lifting its market cap above $9 billion. The stock surged over 85% since mid-August, fueled by a $5.8 million U.S. Air Force contract and a major tech milestone. Q2 revenue was $1.8 million with a net loss of $39.7 million. Analysts remain bullish but warn of possible overbought conditions.