Tue Sep 23 14:20:00 UTC 2025: Okay, here’s a news article summarizing the provided text:

**Quantum Computing Stock Rigetti Jumps After Analyst Upgrade Despite Market Headwinds**

**NEW YORK, NY** – Shares of Rigetti Computing (NASDAQ: RGTI), a leading quantum computing firm, experienced significant volatility today, initially dropping nearly 11% before rebounding to close approximately 2% higher. The whipsaw action was driven by a combination of macro-economic pressures and a major vote of confidence from a Wall Street analyst.

The broader market felt pressure this morning as rising U.S. Treasury yields weighed on stocks, particularly high-growth and speculative companies like Rigetti. Concerns that the Federal Reserve isn’t adequately addressing potential future inflation have pushed bond yields higher, creating a challenging environment for equities.

However, Rigetti’s fortunes turned after B. Riley Financial analyst Craig Ellis reiterated a “buy” rating on the stock and dramatically increased his price target from $19 to $35 per share. Ellis cited accelerated progress in the quantum computing field, including increased interest in commercialization from the Department of Energy’s National Laboratories, as the rationale behind his bullish outlook.

Adding to the positive sentiment, Rigetti recently secured a $5.8 million contract with the U.S. Air Force Research Laboratory (AFRL) to spearhead the development of superconducting quantum networking, a potentially revolutionary technology that could underpin the next generation of internet infrastructure.

Quantum computing is widely viewed as a transformative technology with the potential to rival or surpass artificial intelligence in its impact. Rigetti’s position as a leader in this nascent field has fueled investor enthusiasm.

Despite the day’s surge, analysts caution that Rigetti remains a speculative investment. While the company boasts a nearly $9 billion market capitalization, its current revenue stream is limited. Investors are advised to approach the stock with caution and consider smaller, more speculative positions.

*Disclaimer: The Motley Fool Stock Advisor team has identified other top stocks for investors, and while Rigetti Computing presents potential, it was not among their top recommendations.*

Read More