Thu Dec 26 14:50:00 UTC 2024: ## Quantum Computing Stock Rigetti Computing Soars, Ranking Among Top Gainers
**New York, NY** – Shares of Rigetti Computing Inc. (NASDAQ: RGTI) surged 29.69% last week, closing at $9.37, fueled by advancements in the burgeoning quantum computing sector. This strong performance placed Rigetti fifth on a list of the week’s top ten gainers, compiled by Insider Monkey, considering companies with a market capitalization exceeding $2 billion and daily trading volume above $5 million.
The surge in Rigetti’s stock price follows the company’s unveiling of its new Novera quantum processor and coincides with broader excitement in the quantum computing market, currently valued at $1.3 billion and projected to reach $5.3 billion by 2029. Analysts believe Rigetti is well-positioned to benefit from this growth. Furthermore, recent advancements in quantum computing from tech giants like Google, with its new Willow chip, also contributed to the overall rally in quantum computing stocks.
While Insider Monkey highlights Rigetti’s potential, the publication suggests that some Artificial Intelligence (AI) stocks offer potentially higher returns in a shorter timeframe. Readers interested in exploring alternative investment options are directed to their report on undervalued AI stocks.
First Piper 