Rigetti Computing (RGTI 8.69%) is making notable progress with new chiplet-based architectures, enhanced hardware fidelity, and expanding partnerships with government and industry. If the company can improve execution and navigate competition, RGTI could unlock meaningful upside as quantum computing inches toward real-world applications.
Asset managers and hedge funds bought Rigetti Computing stock in 2025. The quantum computing company's share price has risen significantly this year, but the company has also reported heavy losses.
Rigetti Computing has become an early leader in the quantum computing industry thanks to its vertically integrated business. Investors are racing to capture a slice of this potential technological revolution, which is why Rigetti stock has more than doubled over the past year.
Israel Englander, Ken Griffin, and Steven Schonfeld -- hedge fund managers who beat the S&P 500 over the past three years -- sold Amazon and bought Rigetti in the third quarter. Amazon is effectively using artificial intelligence to boost sales and improve efficiency across its e-commerce and cloud computing businesses, and the stock price is attractive.
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