Rigetti Computing (RGTI) Hits 8-Month High

We recently published 10 Stocks with Surprising Gains. Rigetti Computing, Inc. (NASDAQ:RGTI) is one of the best performers on Friday.

Rigetti Computing grew its share prices to a new eighth-month high on Friday, as investors loaded positions despite the lack of catalysts to spark buying appetite.

At intra-day trading, CCCC touched an eighth-month high of $20.13, just $1.29 shy of its 52-week peak of $21.42. Gains, however, were trimmed towards the end, after closing up by 14.38 percent at $19.09 apiece.

Earlier this month, Rigetti Computing, Inc. (NASDAQ:RGTI) said it joined forces with the Centre for Development of Advanced Computing (C-DAC), India’s premier research and development organization of the Ministry of Electronics and Information Technology, for the co-development of hybrid quantum computing systems to support government laboratories and academics pursuing quantum computing R&D.

“By joining C-DAC’s renowned leadership in high-performance computing (HPC) solutions with Rigetti’s expertise in superconducting quantum computing systems, we have the opportunity to design and deliver powerful and practical hybrid computing systems,” said Rigetti Computing, Inc. (NASDAQ:RGTI) CEO Subodh Kulkarni.

“We look forward to this collaboration and advancing the state-of-the-art in hybrid computing technology,” he added.

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Disclosure: None. This article is originally published at Insider Monkey.