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.