Quantum computing is an intriguing investment field. Right now, there's a ton of money pouring into the technology, but it really isn't adding any value back into the economy.
Since the close of trading last week, shares of the quantum computing company Rigetti Computing (RGTI -3.62%) had soared close to 41%, as of 9:31 a.m. ET Friday.
Rigetti Computing's stock jumped 30% on July 16 after reaching 99.5% gate fidelity on its 36-qubit modular system—halving error rates compared to its earlier 84-qubit chip. This achievement confirms their chiplet-based architecture as a scalable option for practical quantum computing.
Rigetti Computing (RGTI -1.21%) stock got hit with substantial sell-offs in the first half of this year. The company's share price fell 22.3% across the stretch, according to data from S&P Global Market Intelligence.
The quantum computing revolution has arrived ahead of schedule. What seemed like science fiction just two years ago now powers real computations in research labs and data centers worldwide.
Rigetti Computing Inc (NASDAQ: RGTI) soared as much as 30% on Wednesday after announcing a major technical achievement: the successful demonstration of a 36-qubit modular quantum computer with 99.5% fidelity. The system, composed of four 9-qubit chiplets, marks a notable reduction in error rates compared to its previous 84-qubit Ankaa-3 chip.
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