Rigetti Computing (RGTI) Up Anew on Fed Rate Cut Signals

We recently published 10 Stocks Crushing Wall Street’s Wildest Expectations. Rigetti Computing, Inc. (NASDAQ:RGTI) is one of the best performers on Thursday.

Rigetti Computing grew its share prices by 7.73 percent on Thursday, a third day, to close at $16.58 apiece as investors continued to price in the benefits of looming Fed rate cuts.

The quantum computing industry, which includes Rigetti Computing, Inc. (NASDAQ:RGTI), remains in pre-revenue stages and often relies on debt to finance growth and expansion plans. Following the central bank’s announcement, investors gobbled up positions in stocks expected to benefit from lower borrowing costs.

In other developments, Rigetti Computing, Inc. (NASDAQ:RGTI) recently sealed a partnership with the Montana State University to advance quantum computing research and innovation.

Under the agreement, Rigetti Computing, Inc. (NASDAQ:RGTI) and Montana State University will collaborate on various initiatives, including research projects related to quantum hardware and hybrid quantum systems, workforce development activities, and co-development and testing of enabling technologies and quantum system components.

While we acknowledge the potential of RGTI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.