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Rigetti Shares Set Record High on AI Rally and Quantum Policy Buzz

The stock hit $32.40 intraday before closing up 10.89% as traders rotated into quantum themes.

Overview

  • Investor commentary linked the surge to enthusiasm around Nvidia’s AI expansion and the broader compute trade.
  • Separate reports indicated the U.S. may update its quantum computing strategy to bolster cybersecurity and competitiveness.
  • Over the past year, RGTI rose about 4,024%, with its market value cited near $10.2 billion by Barchart via Yahoo Finance.
  • Technical signals from Barchart show a Trend Seeker buy rating, trading above key moving averages, and an RSI near 89.
  • Coverage highlighted projections for roughly 160% revenue growth next year but mixed analyst views, with emphasis on strict risk controls.