Rigetti Computing ( (RGTI) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Rigetti Computing’s stock experienced a slight dip despite the company achieving a significant milestone with its 36-qubit system, which demonstrated a 99.5% median two-qubit gate fidelity. This technical advancement marks a twofold improvement in error rate and moves the company closer to its goal of launching a 100+ qubit system by 2025. Analysts have responded positively to these developments, adjusting their price targets upwards due to increased confidence in Rigetti’s growing capabilities in the quantum computing field.
More about Rigetti Computing
YTD Price Performance: -36.40%
Average Trading Volume: 48,872,239
Technical Sentiment Signal: Buy
Current Market Cap: $3.73B
For further insights into RGTI stock on TipRanks’ Stock Analysis page.
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