{"id":103950,"date":"2025-08-29T09:54:18","date_gmt":"2025-08-29T09:54:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/103950\/"},"modified":"2025-08-29T09:54:18","modified_gmt":"2025-08-29T09:54:18","slug":"why-rigetti-computing-stock-is-skyrocketing-today","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/103950\/","title":{"rendered":"Why Rigetti Computing Stock Is Skyrocketing Today"},"content":{"rendered":"

Key Points<\/p>\n

CNBC’s Jim Cramer recently suggested that Rigetti Computing stock could have big upside.<\/p>\n

Cramer had previously indicated Rigetti looked like a poor play in the quantum space, so the change in commentary is notable.<\/p>\n

Rigetti recently released its most powerful quantum computing platform, and it potentially has some big catalysts on deck later in the year.<\/p>\n

Rigetti Computing(NASDAQ: RGTI) stock is soaring higher in Thursday’s daily trading session. The quantum computing<\/a> specialist’s share price was up 9.6% as of 3:15 p.m. ET. Meanwhile, the S&P 500 had risen 0.3%, and the Nasdaq Composite was up 0.6%. The quantum stock had been up as much as 12.2% earlier today.<\/p>\n

Rigetti’s valuation is surging thanks to recent comments from Jim Cramer, the host of CNBC’s Mad Money television show. With today’s pop, the stock is now up roughly 19% over the last three months despite some big volatility across the stretch.<\/p>\n

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\"A<\/p>\n

Image source: Getty Images.<\/p>\n

Rigetti stock soars as Cramer shifts his stance<\/p>\n

In yesterday’s episode of Mad Money, host Jim Cramer had some encouraging things to say about Rigetti:<\/p>\n

Rigetti could have something that could be a home run. RGTI is one that could have a headline tomorrow. I don’t want to keep you out of it.<\/p>\n

The host’s comments look particularly notable given that he had indicated earlier this year that Rigetti could be the worst play among the basket of high-flying quantum computing stocks.<\/p>\n

What’s next for Rigetti?<\/p>\n

With the second-quarter report it published earlier this month, Rigetti announced that its Cepheus-1-36Q had become commercially available. The company says that its 36-qubit multichip quantum computer is offering industry-leading performance, and it will pave the way for the launch of the Rigetti Quantum Cloud Services Platform on Microsoft’s Azure cloud infrastructure<\/a> service in the near future.<\/p>\n

Rigetti also said that it’s on track to launch its 100+ qubit system by the end of the year. While the stock remains a high-risk, speculative play, the quantum computing<\/a> player appears to be making meaningful progress with its tech platform.<\/p>\n

Should you invest $1,000 in Rigetti Computing right now?<\/p>\n

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Keith Noonan<\/a> has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy<\/a>.<\/p>\n

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