Rigetti Computing is currently exciting investors, achieving an impressive price gain of 41% on Tuesday. This development crowns an outstanding run over the past months. In the last five days alone, the stock price has risen by 100%, and the company recorded a tremendous increase of 322% in the past month. The company’s success is attributed to smart partnerships and an exciting roadmap in the field of quantum computing. Significant milestones that bolster investor confidence include the release of the 84-qubit system Ankaa 3 by the end of the year and a system with over 100 qubits in 2025.

Collaborations with companies like NVIDIA and Fermilab, potential contracts with DARPA, as well as additional US quantum funding contribute to the positive sentiment. Despite financial challenges, including high R&D costs and liquidity issues, the vision of scalable quantum technological developments, combined with government support, offers a promising future for Rigetti. Recent successes in chip scaling and error correction give the company an edge in the fiercely competitive quantum industry. These advancements, together with the re-authorization of the National Quantum Initiative Act, lay the groundwork for further success; analysts predict double-digit price targets by 2025.