Reported 2 days ago
Rigetti Computing's shares have experienced a remarkable 692% increase over the past month, significantly outperforming peers like IBM and Microsoft, which only saw gains of 34.6% and 16.5% respectively. The company's growth has been driven by strong partnerships and advancements in quantum computing technology, including successful collaborations with Riverlane, NVIDIA, and Quantum Machines to enhance quantum error correction and hardware capabilities. Despite facing challenges such as reduced revenues and a declining gross margin, Rigetti remains well-positioned to benefit from the expanding quantum computing market, projected to grow at a CAGR of 20.1% through 2030.
Source: YAHOO