Rigetti Computing (NASDAQ: RGTI) has had a phenomenal July, with the stock up around 40% at the time of writing, although it was up around 50% just a few days ago. Most investors would be pleased with that return over a multiyear time frame, let alone one year. However, considering the reason behind Rigetti Computing’s rapid rise, this could be the beginning of an even larger movement.
Last week, Rigetti announced a breakthrough with its Ankaa-3 system, which caused shares to soar on the announcement. This spike wasn’t for nothing. Rigetti announced a real breakthrough that could vault it into the leadership position in the quantum computing race.
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Source Fool.com